California State Teachers Retirement System Has $98.46 Million Stake in Warner Bros. Discovery, Inc. $WBD

California State Teachers Retirement System reduced its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 2.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,585,554 shares of the company’s stock after selling 102,174 shares during the quarter. California State Teachers Retirement System’s holdings in Warner Bros. Discovery were worth $98,459,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of WBD. Vanguard Group Inc. grew its position in shares of Warner Bros. Discovery by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 283,180,433 shares of the company’s stock valued at $8,161,260,000 after purchasing an additional 1,966,278 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Warner Bros. Discovery by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 66,597,575 shares of the company’s stock valued at $1,912,634,000 after buying an additional 1,028,346 shares during the period. Norges Bank bought a new stake in shares of Warner Bros. Discovery during the fourth quarter worth $1,123,807,000. Morgan Stanley increased its position in shares of Warner Bros. Discovery by 4.8% during the fourth quarter. Morgan Stanley now owns 27,462,742 shares of the company’s stock worth $791,476,000 after acquiring an additional 1,254,813 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Warner Bros. Discovery by 3.9% during the third quarter. Northern Trust Corp now owns 23,496,725 shares of the company’s stock worth $458,891,000 after acquiring an additional 876,869 shares during the period. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Up 0.1%

Shares of WBD stock opened at $25.64 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.92. Warner Bros. Discovery, Inc. has a 1 year low of $10.76 and a 1 year high of $30.00. The firm’s fifty day moving average price is $26.62 and its two-hundred day moving average price is $27.32. The firm has a market capitalization of $64.28 billion, a P/E ratio of -36.63 and a beta of 1.54.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($1.07). The business had revenue of $8.89 billion for the quarter, compared to analyst estimates of $8.89 billion. Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.18) earnings per share. On average, equities analysts predict that Warner Bros. Discovery, Inc. will post -0.97 EPS for the current fiscal year.

Key Warner Bros. Discovery News

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

• Positive Sentiment: Paramount leadership continues to express confidence that its proposed acquisition of Warner Bros. Discovery will close. David Ellison reportedly told employees he remains confident in the deal, while TKO CEO Ari Emanuel argued that blocking the transaction could harm Hollywood. This supports the potential for a merger-related premium, although closing remains uncertain. David Ellison confident WBD deal will close Ari Emanuel warns blocking merger could hurt Hollywood
• Neutral Sentiment: Warner Bros. Discovery is receiving unusually high investor attention, but the search interest itself does not indicate a change in the company’s fundamentals or valuation. Wall Street price targets remain a key focus as investors assess the proposed transaction. Investors heavily search Warner Bros. Discovery Analysts’ target prices for WBD
• Negative Sentiment: Zacks Research downgraded WBD from “hold” to “strong sell,” creating a direct negative signal for the stock and potentially reinforcing concerns about valuation, losses and merger risk. Zacks downgrades Warner Bros. Discovery
• Negative Sentiment: The Paramount-WBD transaction continues to face legal and political opposition, including a state antitrust lawsuit and resistance from SAG-AFTRA. Reports that some Warner Bros. executives hope the lawsuit blocks the deal highlight internal uncertainty and raise the risk of delay, added costs or a failed transaction. SAG-AFTRA opposes Paramount-WBD deal Warner Bros. executives and antitrust lawsuit
• Negative Sentiment: Warner Bros. Discovery sued Amazon, accusing the company of unlawfully recruiting executives. The litigation could increase legal expenses and distract management, while the loss of senior talent may create operational and strategic risk. Warner Bros. sues Amazon over executive poaching

Analyst Ratings Changes

A number of equities analysts have issued reports on WBD shares. Huber Research upgraded Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a report on Monday, June 1st. KeyCorp restated an “overweight” rating on shares of Warner Bros. Discovery in a report on Friday, April 24th. UBS Group upped their price objective on Warner Bros. Discovery from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Seaport Research Partners downgraded Warner Bros. Discovery from a “buy” rating to a “neutral” rating in a report on Monday. Finally, Zacks Research lowered Warner Bros. Discovery from a “hold” rating to a “strong sell” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Warner Bros. Discovery has a consensus rating of “Hold” and an average target price of $27.04.

Warner Bros. Discovery Company Profile

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.