Independent Franchise Partners LLP reduced its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) by 3.1% in the 4th quarter, Holdings Channel reports. The firm owned 12,697,174 shares of the company’s stock after selling 409,958 shares during the period. Warner Bros. Discovery accounts for approximately 2.3% of Independent Franchise Partners LLP’s holdings, making the stock its 19th biggest position. Independent Franchise Partners LLP’s holdings in Warner Bros. Discovery were worth $365,933,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings in shares of 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 during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of 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 during the last quarter. Empowered Funds LLC lifted its holdings in shares of 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 during the last quarter. Focus Partners Wealth lifted its holdings in shares of 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 during the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in shares of 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 during the last quarter. 59.95% of the stock is currently owned by institutional investors and hedge funds.
Key Stories Impacting Warner Bros. Discovery
Here are the key news stories impacting Warner Bros. Discovery this week:
- Positive Sentiment: Chinese regulators reportedly cleared the Paramount Skydance-Warner Bros. Discovery merger, removing another hurdle for the deal and boosting the odds that WBD shareholders receive the agreed cash value. Chinese regulators clear Paramount Skydance-Warner Bros Discovery merger, source says
- Positive Sentiment: Multiple reports say the DOJ has already approved the merger, which lowers regulatory risk and strengthens the merger-arbitrage case for WBD. Paramount Skydance wins DOJ approval for Warner Bros. Discovery merger
- Positive Sentiment: Market commentary highlights the deal as a major catalyst, noting WBD still trades below the $31 cash buyout price, leaving a potential merger-arbitrage spread for investors. Plot Twist: How the $110B Paramount-Warner Deal Rewrites Media
- Neutral Sentiment: Sector articles discussing APAC growth, local content, and broader streaming competition provide background on the media landscape, but do not appear to be a direct stock-moving catalyst for WBD today. Netflix, Prime Video, Disney and WBD on Local Content and APAC Growth
- Negative Sentiment: The stock also weakened in the latest session, with coverage pointing to WBD falling more than the broader market, reflecting ongoing investor caution despite the merger news. Here’s Why Warner Bros. Discovery (WBD) Fell More Than Broader Market
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on WBD
Warner Bros. Discovery Price Performance
NASDAQ:WBD opened at $26.24 on Thursday. The company has a 50-day moving average of $27.07 and a 200-day moving average of $27.62. The company has a market capitalization of $65.79 billion, a price-to-earnings ratio of -37.49 and a beta of 1.54. Warner Bros. Discovery, Inc. has a 52 week low of $10.27 and a 52 week high of $30.00. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.73 and a current ratio of 0.73.
Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last released 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 the consensus estimate of $8.89 billion. Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.Warner Bros. Discovery’s revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.18) earnings per share. As a group, equities research analysts anticipate that Warner Bros. Discovery, Inc. will post -1.07 earnings per share for the current fiscal year.
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.
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