Pinnacle Associates Ltd. Sells 137,740 Shares of Warner Bros. Discovery, Inc. $WBD

Pinnacle Associates Ltd. decreased its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 14.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 810,646 shares of the company’s stock after selling 137,740 shares during the period. Pinnacle Associates Ltd.’s holdings in Warner Bros. Discovery were worth $23,363,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Concord Wealth Partners lifted its stake in Warner Bros. Discovery by 49.9% during the 3rd quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock valued at $26,000 after acquiring an additional 440 shares during the period. Physician Wealth Advisors Inc. lifted its stake in Warner Bros. Discovery by 152.1% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock valued at $27,000 after acquiring an additional 847 shares during the period. Rakuten Securities Inc. lifted its stake in Warner Bros. Discovery by 81.5% during the 4th quarter. Rakuten Securities Inc. now owns 1,160 shares of the company’s stock valued at $33,000 after acquiring an additional 521 shares during the period. JPL Wealth Management LLC bought a new position in Warner Bros. Discovery during the 3rd quarter valued at about $33,000. Finally, TOWER TRUST & INVESTMENT Co lifted its stake in Warner Bros. Discovery by 4,730.8% during the 4th quarter. TOWER TRUST & INVESTMENT Co now owns 1,256 shares of the company’s stock valued at $36,000 after acquiring an additional 1,230 shares during the period. Institutional investors own 59.95% of the company’s stock.

Key Stories Impacting Warner Bros. Discovery

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

• Positive Sentiment: Warner Bros. Discovery used its upfront presentation to highlight new ad tools, including a real-time dashboard and performance-focused selling features, which could support stronger ad monetization. WBD Upfront: New Ad Solutions, Real-Time Dashboard
• Positive Sentiment: The company also announced new programming across cable and kids networks, signaling continued investment in content and fresh audience-driving shows. Warner Bros. Discovery Cable Nets Line Up New Shows From Terry Crews, Ken Jeong, Leslie Jones, Shaquille O’Neal & Ben Affleck
• Neutral Sentiment: Analyst and investor interest remains elevated after WBD’s recent earnings call, keeping the stock in focus even as the company continues to face mixed fundamentals. Warner Bros. Discovery, Inc. (WBD) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Coverage around the upfront emphasized the “Ellison in the room” and speculation tied to Paramount’s interest in Warner Bros. Discovery, but the deal talk remains uncertain and policy scrutiny is still developing. WBD Sales Chiefs Acknowledge The “Ellison In The Room”, Nodding To Paramount Deal At Upfront Amid Talk Of Ad Tools
• Negative Sentiment: Reuters reported that House Democrats are pressing Paramount’s CEO on whether changes to CNN coverage were discussed as part of the acquisition process, adding regulatory and political risk around any WBD transaction. House lawmakers press Paramount CEO on Warner Brothers acquisition
• Negative Sentiment: Several reports suggest the upfront event and broader narrative around WBD’s media business were overshadowed by concerns about legacy cable weakness and uncertainty in its gaming segment, tempering enthusiasm. Warner Bros. Discovery once again glosses over gaming business in Q1 2026 financials

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WBD. Huber Research cut shares of Warner Bros. Discovery from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, February 27th. KeyCorp reaffirmed an “overweight” rating on shares of Warner Bros. Discovery in a research report on Friday, April 24th. Arete Research reaffirmed a “neutral” rating and issued a $31.25 target price on shares of Warner Bros. Discovery in a research report on Friday, February 27th. Raymond James Financial reaffirmed an “underperform” rating on shares of Warner Bros. Discovery in a research report on Friday, February 27th. Finally, Wells Fargo & Company initiated coverage on shares of Warner Bros. Discovery in a research report on Monday, March 9th. They issued an “equal weight” rating and a $31.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $26.36.

Warner Bros. Discovery Stock Performance

Shares of NASDAQ WBD opened at $27.25 on Thursday. The firm has a 50 day moving average of $27.37 and a 200 day moving average of $26.86. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $68.31 billion, a price-to-earnings ratio of -38.93 and a beta of 1.57. Warner Bros. Discovery, Inc. has a 12-month low of $8.82 and a 12-month high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD) last announced its earnings results on Wednesday, May 6th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($1.07). The business had revenue of $8.89 billion for the quarter, compared to the consensus estimate of $8.89 billion. Warner Bros. Discovery had a negative net margin of 4.67% and a negative return on equity of 4.77%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.18) earnings per share. On average, research analysts anticipate that Warner Bros. Discovery, Inc. will post -0.71 earnings per share for the current year.

Insider Activity at Warner Bros. Discovery

In related news, insider Gerhard Zeiler sold 600,000 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $28.02, for a total value of $16,812,000.00. Following the transaction, the insider directly owned 672,649 shares of the company’s stock, valued at approximately $18,847,624.98. This trade represents a 47.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bruce Campbell sold 41,784 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $27.82, for a total value of $1,162,430.88. Following the completion of the transaction, the insider directly owned 604,666 shares in the company, valued at approximately $16,821,808.12. This represents a 6.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 8,206,827 shares of company stock valued at $230,674,025 in the last three months. Corporate insiders own 1.90% of the company’s stock.

Warner Bros. Discovery 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.