Sherman Porfolios LLC Makes New $483,000 Investment in Warner Bros. Discovery, Inc. $WBD

Sherman Porfolios LLC bought a new position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 24,750 shares of the company’s stock, valued at approximately $483,000.

Other institutional investors have also modified their holdings of the company. Concord Wealth Partners grew its holdings in shares of Warner Bros. Discovery by 49.9% in the third quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock valued at $26,000 after purchasing an additional 440 shares during the period. Physician Wealth Advisors Inc. increased its position in Warner Bros. Discovery by 152.1% during the third quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock worth $27,000 after purchasing an additional 847 shares during the last quarter. Grove Bank & Trust raised its stake in Warner Bros. Discovery by 66.5% during the third quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock worth $33,000 after purchasing an additional 675 shares during the period. JPL Wealth Management LLC purchased a new position in Warner Bros. Discovery during the third quarter worth about $33,000. Finally, Crews Bank & Trust boosted its holdings in Warner Bros. Discovery by 1,242.2% in the 3rd quarter. Crews Bank & Trust now owns 1,718 shares of the company’s stock valued at $34,000 after purchasing an additional 1,590 shares during the last quarter. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on WBD shares. Guggenheim cut shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and increased their price target for the company from $25.00 to $30.00 in a research note on Wednesday, January 14th. TD Cowen upped their price objective on Warner Bros. Discovery from $22.00 to $26.00 and gave the company a “hold” rating in a report on Friday, February 27th. UBS Group increased their price objective on Warner Bros. Discovery from $20.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Benchmark reissued a “hold” rating on shares of Warner Bros. Discovery in a research note on Friday, February 27th. Finally, Moffett Nathanson upgraded Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $26.30.

Insider Buying and Selling at Warner Bros. Discovery

In related news, CEO David Zaslav sold 4,004,149 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $28.26, for a total transaction of $113,157,250.74. Following the transaction, the chief executive officer owned 7,200,627 shares of the company’s stock, valued at approximately $203,489,719.02. This represents a 35.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gerhard Zeiler sold 600,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $18,847,624.98. The trade was a 47.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 8,206,827 shares of company stock valued at $230,674,025. Corporate insiders own 1.90% of the company’s stock.

Warner Bros. Discovery Price Performance

Warner Bros. Discovery stock opened at $27.35 on Thursday. The company’s 50 day simple moving average is $28.09 and its 200-day simple moving average is $24.18. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.06 and a current ratio of 1.06. Warner Bros. Discovery, Inc. has a 1 year low of $7.52 and a 1 year high of $30.00. The company has a market capitalization of $67.77 billion, a price-to-earnings ratio of 94.31 and a beta of 1.60.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.19). The company had revenue of $9.46 billion for the quarter, compared to analysts’ expectations of $9.33 billion. Warner Bros. Discovery had a return on equity of 1.98% and a net margin of 1.95%.The business’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.20) EPS. As a group, equities research analysts expect that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Warner Bros. Discovery News Roundup

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

• Positive Sentiment: Oscars windfall strengthens WBD’s premium content credentials — multiple Warner Bros. films won major Academy Awards, which boosts the studio’s reputation, franchise value and potential monetization leverage ahead of strategic talks. Read More.
• Positive Sentiment: Commercial tie-up: GoPro renewed as the official wearable camera supplier for WBD’s WHOOP UCI Mountain Bike World Series, a small but visible sports/branding win that supports engagement in the company’s sports assets. Read More.
• Neutral Sentiment: Paramount Skydance merger remains the dominant valuation driver — the $110B deal’s progress and regulatory/closing risk will ultimately determine the stock’s longer-term direction, so awards and partnerships are secondary for investors. Read More.
• Neutral Sentiment: Analyst and market context: coverage is mixed (average “Hold”), and the stock has rallied notably in recent months — investors should weigh M&A outcomes against current price vs. analyst targets. Read More.
• Negative Sentiment: Governance and insider selling raise concern — filings show CEO David Zaslav stands to receive up to ~$887M tied to the Paramount deal, and directors have sold stock (e.g., Fazal Merchant’s 35,000-share sale and a large disclosed director sale), which can create selling pressure and governance scrutiny. Read More. Read More. Read More.

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.