Greatmark Investment Partners Inc. Lowers Position in Warner Bros. Discovery, Inc. $WBD

Greatmark Investment Partners Inc. trimmed its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 20.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 87,882 shares of the company’s stock after selling 22,429 shares during the quarter. Greatmark Investment Partners Inc.’s holdings in Warner Bros. Discovery were worth $2,533,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. TriaGen Wealth Management LLC purchased a new stake in Warner Bros. Discovery in the third quarter valued at approximately $443,000. Swedbank AB grew its stake in Warner Bros. Discovery by 3.7% during the third quarter. Swedbank AB now owns 1,065,445 shares of the company’s stock worth $20,808,000 after buying an additional 37,986 shares during the period. Mackay Shields LLC purchased a new stake in Warner Bros. Discovery during the third quarter worth approximately $7,812,000. New York State Teachers Retirement System grew its stake in Warner Bros. Discovery by 4.1% during the third quarter. New York State Teachers Retirement System now owns 1,775,964 shares of the company’s stock worth $34,685,000 after buying an additional 69,141 shares during the period. Finally, Private Advisory Group LLC purchased a new stake in Warner Bros. Discovery during the fourth quarter worth approximately $3,438,000. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Warner Bros. Discovery News Roundup

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

• Positive Sentiment: HBO Max launched on India’s JioCinema/JioCinema Premium (JioHotstar) distribution, expanding WBD’s streaming footprint in a large international market and creating incremental subscriber and ad revenue opportunity. Warner Bros Discovery’s HBO Max launches in India on JioHotstar
• Positive Sentiment: Paramount Skydance CEO David Ellison vowed to keep at least 30 film releases per year if the proposed $110B deal closes, a public assurance that aims to limit disruption to WBD’s theatrical and studio revenue lines. This could reduce some investor fear about content cuts post-merger. Ellison takes Paramount, Warner Bros case straight to theater owners
• Neutral Sentiment: WBD set its Q1 2026 earnings release for May 7 (pre‑market) — earnings and subscriber metrics will be the next direct catalyst for the stock. Investors should watch streaming ARPU, ad growth, and guidance. Warner Bros. Discovery to Report First Quarter 2026 Results on Thursday, May 7
• Neutral Sentiment: Zacks notes elevated search interest in WBD from retail investors — higher attention can amplify intra‑day moves but doesn’t itself change fundamentals. Investors Heavily Search Warner Bros. Discovery, Inc. (WBD): Here is What You Need to Know
• Negative Sentiment: Regulatory and political scrutiny is intensifying: Senate hearings, calls for testimony, and public criticism from filmmakers and lawmakers raise the risk of remedies, divestitures or deal delays that could reduce deal certainty and create strategic uncertainty for WBD. Cory Booker To Hold “Spotlight” Hearing On Paramount-Warner Bros. Discovery Merger, Invites David Ellison To Testify
• Negative Sentiment: Theater owners and industry voices warn a Paramount‑WBD combination could squeeze exhibitors and restructure release windows — these concerns add another layer of execution and regulatory risk that could pressure WBD’s valuation until the deal path clears. Paramount-WBD Merger? Theater Owners Expect Even Tougher Times
• Negative Sentiment: Multiple reports suggest the proposed acquisition faces a “hostile rewrite” risk and public pushback from talent and lawmakers, increasing the chance of concessions or an extended approval timeline. That uncertainty often weighs on the stock until resolved. Warner Bros. Discovery’s blockbuster deal faces a hostile rewrite

Insider Buying and Selling at Warner Bros. Discovery

In other news, CFO Gunnar Wiedenfels sold 617,580 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $28.25, for a total transaction of $17,446,635.00. Following the transaction, the chief financial officer directly owned 691,570 shares of the company’s stock, valued at approximately $19,536,852.50. The trade was a 47.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David Zaslav sold 4,004,149 shares of the business’s stock in a transaction on 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 directly owned 7,200,627 shares in the company, valued at approximately $203,489,719.02. The trade was a 35.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 8,206,827 shares of company stock valued at $230,674,025. 1.90% of the stock is owned by company insiders.

Warner Bros. Discovery Trading Up 0.3%

NASDAQ WBD opened at $27.47 on Friday. The company’s fifty day simple moving average is $27.77 and its 200-day simple moving average is $25.86. Warner Bros. Discovery, Inc. has a 52 week low of $7.75 and a 52 week high of $30.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.87. The stock has a market cap of $68.12 billion, a P/E ratio of 94.73 and a beta of 1.63.

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

Analyst Ratings Changes

Several research firms have issued reports on WBD. Benchmark reiterated a “hold” rating on shares of Warner Bros. Discovery in a research note on Friday, February 27th. Rothschild & Co Redburn set a $31.00 price objective on shares of Warner Bros. Discovery and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. Sanford C. Bernstein boosted their price objective on shares of Warner Bros. Discovery from $23.50 to $27.75 and gave the stock a “market perform” rating in a research note on Tuesday, February 24th. Guggenheim downgraded shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $25.00 to $30.00 in a research note on Wednesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Warner Bros. Discovery from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $29.50 to $31.00 in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $26.30.

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.