Resona Asset Management Co. Ltd. Sells 33,574 Shares of Warner Bros. Discovery, Inc. $WBD

Posted by Francis Steltz on May 20th, 2026

Resona Asset Management Co. Ltd. lowered its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) by 4.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 700,546 shares of the company’s stock after selling 33,574 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Warner Bros. Discovery were worth $20,186,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Concord Wealth Partners increased its position in shares of Warner Bros. Discovery by 49.9% during the third quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock worth $26,000 after buying an additional 440 shares during the period. Physician Wealth Advisors Inc. increased its position in shares of 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 buying an additional 847 shares during the period. Rakuten Securities Inc. increased its position in shares of Warner Bros. Discovery by 81.5% during the fourth quarter. Rakuten Securities Inc. now owns 1,160 shares of the company’s stock worth $33,000 after buying an additional 521 shares during the period. JPL Wealth Management LLC acquired a new stake in shares of Warner Bros. Discovery during the third quarter worth $33,000. Finally, TOWER TRUST & INVESTMENT Co increased its position in shares of Warner Bros. Discovery by 4,730.8% during the fourth quarter. TOWER TRUST & INVESTMENT Co now owns 1,256 shares of the company’s stock worth $36,000 after buying an additional 1,230 shares during the period. Institutional investors own 59.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on WBD shares. KeyCorp reiterated an “overweight” rating on shares of Warner Bros. Discovery in a research report on Friday, April 24th. Zacks Research cut shares of Warner Bros. Discovery from a “hold” rating to a “strong sell” rating in a research report on Friday, May 1st. Weiss Ratings cut shares of Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Sanford C. Bernstein increased 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 report on Tuesday, February 24th. Finally, UBS Group increased their price objective on shares of Warner Bros. Discovery from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Warner Bros. Discovery has a consensus rating of “Hold” and a consensus target price of $26.36.

View Our Latest Analysis on Warner Bros. Discovery

Insiders Place Their Bets

In other Warner Bros. Discovery news, Director Paul A. Gould sold 600,000 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $27.35, for a total value of $16,410,000.00. Following the completion of the sale, the director directly owned 244,357 shares in the company, valued at approximately $6,683,163.95. This trade represents a 71.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Gunnar Wiedenfels sold 374,323 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $28.05, for a total transaction of $10,499,760.15. Following the completion of the sale, the chief financial officer owned 663,380 shares of the company’s stock, valued at $18,607,809. The trade was a 36.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 8,206,827 shares of company stock valued at $230,674,025. 1.80% of the stock is currently owned by corporate insiders.

Warner Bros. Discovery Trading Down 0.0%

NASDAQ:WBD opened at $27.09 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $67.92 billion, a price-to-earnings ratio of -38.70 and a beta of 1.57. The firm has a fifty day simple moving average of $27.30 and a two-hundred day simple moving average of $27.02. Warner Bros. Discovery, Inc. has a 12 month low of $8.83 and a 12 month high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($1.07). The company had revenue of $8.89 billion during the quarter, compared to analyst estimates 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 company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.18) earnings per share. Analysts expect that Warner Bros. Discovery, Inc. will post -0.71 EPS for the current fiscal year.

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.