Senator Investment Group LP Has $87.88 Million Stake in Warner Bros. Discovery, Inc. $WBD

Posted by Brenda Bartman on Jun 16th, 2026

Senator Investment Group LP cut its stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) by 20.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,049,244 shares of the company’s stock after selling 787,500 shares during the quarter. Warner Bros. Discovery comprises approximately 3.5% of Senator Investment Group LP’s holdings, making the stock its 10th largest holding. Senator Investment Group LP owned approximately 0.12% of Warner Bros. Discovery worth $87,879,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. JFS Wealth Advisors LLC lifted its position in Warner Bros. Discovery by 12.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 3,425 shares of the company’s stock worth $99,000 after buying an additional 378 shares during the last quarter. Salomon & Ludwin LLC lifted its position in Warner Bros. Discovery by 20.2% in the fourth quarter. Salomon & Ludwin LLC now owns 2,494 shares of the company’s stock worth $71,000 after buying an additional 419 shares during the last quarter. CYBER HORNET ETFs LLC lifted its position in Warner Bros. Discovery by 7.1% in the fourth quarter. CYBER HORNET ETFs LLC now owns 6,396 shares of the company’s stock worth $184,000 after buying an additional 425 shares during the last quarter. Root Financial Partners LLC lifted its position in Warner Bros. Discovery by 17.5% in the fourth quarter. Root Financial Partners LLC now owns 2,879 shares of the company’s stock worth $83,000 after buying an additional 429 shares during the last quarter. Finally, Optas LLC lifted its position in Warner Bros. Discovery by 3.0% in the fourth quarter. Optas LLC now owns 15,120 shares of the company’s stock worth $436,000 after buying an additional 435 shares during the last quarter. 59.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WBD. Wells Fargo & Company started coverage on Warner Bros. Discovery in a research report on Monday, March 9th. They issued an “equal weight” rating and a $31.00 price target for the company. TD Cowen boosted their target price on shares of Warner Bros. Discovery from $22.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, February 27th. Guggenheim restated a “neutral” rating on shares of Warner Bros. Discovery in a report on Thursday, May 7th. Weiss Ratings cut shares of Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a report on Thursday, May 7th. Finally, UBS Group upped their price target on shares of Warner Bros. Discovery from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. One investment 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $27.04.

Get Our Latest Stock Analysis on WBD

Warner Bros. Discovery Trading Down 0.6%

NASDAQ WBD opened at $26.83 on Tuesday. The company’s 50-day moving average price is $27.11 and its 200-day moving average price is $27.59. 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 cap of $67.27 billion, a PE ratio of -38.33 and a beta of 1.54. Warner Bros. Discovery, Inc. has a 12 month low of $10.04 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 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%.The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.18) earnings per share. Equities research analysts forecast that Warner Bros. Discovery, Inc. will post -1.07 earnings per share for the current year.

Warner Bros. Discovery Company 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.