Patriot Financial Group Insurance Agency LLC Raises Holdings in Warner Bros. Discovery, Inc. $WBD

Posted by Geri Gentry on Jun 30th, 2026

Patriot Financial Group Insurance Agency LLC lifted its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) by 121.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,098 shares of the company’s stock after purchasing an additional 31,865 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Warner Bros. Discovery were worth $1,595,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Warner Bros. Discovery by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 283,180,433 shares of the company’s stock worth $8,161,260,000 after buying 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 acquiring an additional 1,028,346 shares during the period. Norges Bank acquired a new stake in shares of Warner Bros. Discovery in the fourth quarter valued at approximately $1,123,807,000. Jericho Capital Asset Management L.P. grew its position in shares of Warner Bros. Discovery by 108.9% during the third quarter. Jericho Capital Asset Management L.P. now owns 35,095,390 shares of the company’s stock worth $685,413,000 after acquiring an additional 18,291,865 shares during the last quarter. Finally, Morgan Stanley grew 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 during the last quarter. 59.95% of the stock is owned by hedge funds and other institutional investors.

Warner Bros. Discovery Stock Performance

NASDAQ:WBD opened at $27.13 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market cap of $68.02 billion, a price-to-earnings ratio of -38.76 and a beta of 1.54. The firm’s fifty day moving average price is $26.97 and its 200 day moving average price is $27.70. Warner Bros. Discovery, Inc. has a 1-year low of $10.76 and a 1-year high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last announced 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 firm had revenue of $8.89 billion for the quarter, compared to analysts’ expectations 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 firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.18) EPS. On average, sell-side analysts expect that Warner Bros. Discovery, Inc. will post -1.07 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on WBD. Seaport Research Partners upgraded shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Monday. Zacks Research raised shares of Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Huber Research upgraded shares of Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research note on Monday, June 1st. KeyCorp reaffirmed an “overweight” rating on shares of Warner Bros. Discovery in a report on Friday, April 24th. Finally, Argus decreased their target price on shares of Warner Bros. Discovery from $32.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Warner Bros. Discovery currently has a consensus rating of “Hold” and an average target price of $27.04.

Check Out Our Latest Research Report on Warner Bros. Discovery

Warner Bros. Discovery Profile

(Free Report)

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.