Warner Bros. Discovery (NASDAQ:WBD) Director Kenneth Lowe Sells 200,000 Shares of Stock

Warner Bros. Discovery, Inc. (NASDAQ:WBD) Director Kenneth Lowe sold 200,000 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $28.23, for a total value of $5,646,000.00. Following the completion of the transaction, the director directly owned 590,108 shares in the company, valued at $16,658,748.84. The trade was a 25.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Warner Bros. Discovery Price Performance

Warner Bros. Discovery stock opened at $28.04 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $70.40 billion, a P/E ratio of -22.08 and a beta of 1.57. The business has a 50-day moving average of $27.23 and a 200-day moving average of $27.24. Warner Bros. Discovery, Inc. has a 1 year low of $17.08 and a 1 year high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.20. The business had revenue of $8.72 billion for the quarter, compared to the consensus estimate of $9.25 billion. Warner Bros. Discovery had a negative net margin of 8.77% and a negative return on equity of 8.91%. Warner Bros. Discovery’s revenue for the quarter was down 11.2% on a year-over-year basis. During the same period last year, the company posted $0.63 EPS. On average, equities analysts anticipate that Warner Bros. Discovery, Inc. will post -1.11 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. California State Teachers Retirement System boosted its stake in Warner Bros. Discovery by 2,593.6% during the second quarter. California State Teachers Retirement System now owns 96,581,582 shares of the company’s stock worth $2,574,865,000 after acquiring an additional 92,996,028 shares in the last quarter. Norges Bank bought a new position in shares of Warner Bros. Discovery during the 4th quarter worth approximately $1,123,807,000. Bank of New York Mellon Corp purchased a new position in Warner Bros. Discovery in the second quarter worth $338,263,000. Hsbc Holdings PLC grew its position in Warner Bros. Discovery by 131.3% during the second quarter. Hsbc Holdings PLC now owns 13,829,848 shares of the company’s stock valued at $369,800,000 after buying an additional 7,851,800 shares during the period. Finally, Duquesne Family Office LLC bought a new stake in shares of Warner Bros. Discovery in the 2nd quarter worth approximately $74,916,000. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WBD shares. Huber Research raised shares of Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a report on Monday, June 1st. Seaport Research Partners lowered Warner Bros. Discovery from a “buy” rating to a “neutral” rating in a report on Monday, July 27th. Zacks Research raised Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. Freedom Capital upgraded shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Finally, Weiss Ratings raised shares of Warner Bros. Discovery from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 18th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $27.69.

Trending Headlines about Warner Bros. Discovery

Here are the key news stories impacting Warner Bros. Discovery this week:

• Positive Sentiment: Paramount is reportedly preparing to meet with state attorneys general in late October to discuss settlement terms related to its proposed acquisition of Warner Bros. Discovery. Paramount CEO David Ellison is also considering strategies to secure clearance in California. Progress toward resolving antitrust concerns could improve deal certainty and support WBD’s valuation. Paramount settlement talks article Paramount California clearance article
• Neutral Sentiment: The proposed transaction remains the dominant catalyst. However, a reported $7 million daily ticking fee is approaching, increasing the financial stakes if closing is delayed. Investors are likely focused on whether regulatory negotiations can prevent additional costs and keep the deal on schedule.
• Neutral Sentiment: Warner Bros. Discovery is promoting upcoming television programming and using youth-focused marketing to build interest in the Basketball World Cup. These initiatives may support audience engagement, but they are less material to near-term valuation than the Paramount transaction. Warner Bros. TV programming article Basketball World Cup marketing article
• Negative Sentiment: Two insiders sold a combined 462,285 shares worth approximately $13.0 million. Director Kenneth Lowe reduced his position by 25.31%, while insider Amy Girdwood cut hers by 32.72%. Although insider sales do not necessarily indicate deteriorating fundamentals, the size of the transactions can weigh on sentiment, particularly while WBD faces regulatory and execution risks. Kenneth Lowe SEC filing Amy Girdwood SEC filing

About Warner Bros. Discovery

Warner Bros. Discovery, Inc is a global media and entertainment company that develops, produces and distributes television, film and digital content. Its portfolio includes Warner Bros. film and television studios, HBO, CNN, Discovery, TLC, HGTV, Food Network, TNT Sports and other well-known brands.

The company operates streaming services including Max, which features HBO programming, Warner Bros. films, original series and other entertainment content, and discovery+, which focuses on lifestyle, documentary and nonfiction programming.