Yacktman Asset Management LP Has $51.38 Million Stake in Warner Bros. Discovery, Inc. $WBD

Yacktman Asset Management LP trimmed its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 75.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,782,860 shares of the company’s stock after selling 5,555,477 shares during the period. Yacktman Asset Management LP’s holdings in Warner Bros. Discovery were worth $51,382,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of WBD. Brighton Jones LLC grew its stake in Warner Bros. Discovery by 304.9% during the fourth quarter. Brighton Jones LLC now owns 68,950 shares of the company’s stock worth $729,000 after buying an additional 51,920 shares in the last quarter. NewEdge Advisors LLC grew its stake in Warner Bros. Discovery by 50.5% during the first quarter. NewEdge Advisors LLC now owns 63,254 shares of the company’s stock worth $679,000 after buying an additional 21,228 shares in the last quarter. Empowered Funds LLC grew its stake in Warner Bros. Discovery by 6.2% during the first quarter. Empowered Funds LLC now owns 65,082 shares of the company’s stock worth $698,000 after buying an additional 3,779 shares in the last quarter. Focus Partners Wealth grew its stake in Warner Bros. Discovery by 91.6% during the first quarter. Focus Partners Wealth now owns 116,821 shares of the company’s stock worth $1,254,000 after buying an additional 55,837 shares in the last quarter. Finally, Baird Financial Group Inc. grew its stake in Warner Bros. Discovery by 3.8% during the second quarter. Baird Financial Group Inc. now owns 111,450 shares of the company’s stock worth $1,277,000 after buying an additional 4,062 shares in the last quarter. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Key Warner Bros. Discovery News

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

• Positive Sentiment: Streaming remains a bright spot, with Warner Bros. Discovery topping 140 million subscribers and management highlighting strong momentum in its direct-to-consumer business. Warner Bros. Discovery Earnings Call Highlights Streaming Surge
• Positive Sentiment: HBO Max was described by David Zaslav as likely the company’s “most important asset,” reinforcing the value of WBD’s streaming platform as a key long-term driver. David Zaslav Says HBO Max Is “Probably” Warner Bros. Discovery’s “Most Important Asset”
• Neutral Sentiment: Warner Bros. TV announced special podcast episodes for The Pitt, a small content-related update that may help engagement but is unlikely to materially move the stock. Warner Bros TV Announces Special Podcast Episodes For “The Pitt”
• Neutral Sentiment: Guggenheim reiterated a neutral rating, signaling analysts are waiting for clearer evidence that earnings and the strategic outlook are improving. Guggenheim Reaffirms Neutral Rating on Warner Bros. Discovery
• Negative Sentiment: Q1 results missed expectations, with WBD posting a $1.17 per-share loss versus a much smaller expected loss, while revenue came in just below estimates and declined year over year. Warner Bros. Discovery reports Q1 CY2026 in line with expectations
• Negative Sentiment: The quarter was heavily burdened by a $2.8 billion Netflix termination fee and restructuring costs, which drove a roughly $2.9 billion net loss and overshadowed operational progress. Warner Bros. Discovery posts wider Q1 loss driven by $2.8B Netflix termination fee
• Negative Sentiment: Media coverage focused on the large loss and weaker-than-expected results, reinforcing concerns that near-term earnings are still being weighed down by one-time and integration-related charges. Warner Bros. Discovery Logs $2.92 Billion Loss Tied to Netflix Termination Fee

Warner Bros. Discovery Trading Down 0.0%

WBD opened at $27.11 on Friday. The company’s 50 day moving average is $27.48 and its 200-day moving average is $26.66. Warner Bros. Discovery, Inc. has a 1-year low of $8.82 and a 1-year high of $30.00. The company has a current ratio of 0.73, a quick ratio of 1.06 and a debt-to-equity ratio of 0.92. The company has a market cap of $67.96 billion, a P/E ratio of -38.73 and a beta of 1.57.

Warner Bros. Discovery (NASDAQ:WBD) last posted its earnings results on Wednesday, May 6th. The company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($0.10) by ($1.07). Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.The business had revenue of $8.89 billion for the quarter, compared to analyst estimates of $8.89 billion. During the same quarter in the prior year, the business earned ($0.18) earnings per share. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. Equities research analysts predict that Warner Bros. Discovery, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Warner Bros. Discovery

In related news, insider Bruce Campbell sold 41,784 shares of Warner Bros. Discovery stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $27.82, for a total transaction of $1,162,430.88. Following the sale, the insider directly owned 604,666 shares in the company, valued at $16,821,808.12. This trade represents a 6.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul A. Gould sold 600,000 shares of Warner Bros. Discovery stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $27.35, for a total transaction of $16,410,000.00. Following the sale, the director owned 244,357 shares in the company, valued at approximately $6,683,163.95. This represents a 71.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,206,827 shares of company stock worth $230,674,025 over the last quarter. Insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WBD. Argus reduced their price target on shares of Warner Bros. Discovery from $32.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Guggenheim restated a “neutral” rating on shares of Warner Bros. Discovery in a research note on Thursday. UBS Group raised their price target on shares of Warner Bros. Discovery from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday. Moffett Nathanson upgraded shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 8th. Finally, Wells Fargo & Company began coverage on shares of Warner Bros. Discovery in a research note on Monday, March 9th. They issued an “equal weight” rating and a $31.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Warner Bros. Discovery currently has a consensus rating of “Hold” and a consensus price target of $26.36.

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.