Orographic Financial Advisors LLC Buys Shares of 36,865 Warner Bros. Discovery, Inc. $WBD

Posted by Geri Gentry on Jul 31st, 2026

Orographic Financial Advisors LLC bought a new position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 36,865 shares of the company’s stock, valued at approximately $1,012,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in shares of Warner Bros. Discovery by 21.9% during the 1st quarter. Bank of America Corp DE now owns 16,616,949 shares of the company’s stock valued at $456,301,000 after purchasing an additional 2,980,900 shares during the last quarter. Oddo BHF Asset Management Sas lifted its stake in Warner Bros. Discovery by 53.8% in the 1st quarter. Oddo BHF Asset Management Sas now owns 1,000,000 shares of the company’s stock valued at $27,460,000 after purchasing an additional 350,000 shares during the last quarter. Amundi lifted its stake in Warner Bros. Discovery by 11.8% in the 1st quarter. Amundi now owns 14,683,675 shares of the company’s stock valued at $403,214,000 after purchasing an additional 1,547,404 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Warner Bros. Discovery by 36.3% in the first quarter. EverSource Wealth Advisors LLC now owns 7,532 shares of the company’s stock valued at $207,000 after buying an additional 2,007 shares in the last quarter. Finally, Readystate Asset Management LP grew its stake in shares of Warner Bros. Discovery by 424.7% during the first quarter. Readystate Asset Management LP now owns 1,659,671 shares of the company’s stock worth $45,575,000 after buying an additional 1,343,333 shares during the last quarter. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery News Roundup

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

Positive Sentiment: Warner Bros. Discovery reported record Tour de France audiences across Europe, signaling strong engagement with its sports content and potentially supporting advertising, distribution and streaming performance. Warner Bros. Discovery reports record Tour de France audiences across Europe
Neutral Sentiment: Investor attention remains concentrated on the proposed Paramount-WBD transaction. Commentary suggests the deal could still proceed, but legal and antitrust challenges may create additional uncertainty around its timing and completion. The Ellisons may still get Warner Bros. But it won’t be easy.
Neutral Sentiment: Analysts’ price targets for WBD remain a focus for investors, while unusually high search interest highlights heightened market attention rather than a clear change in the company’s fundamentals. What are Wall Street analysts’ target price for Warner Bros. Discovery stock?
Negative Sentiment: WBD’s upcoming second-quarter report is expected to show declining earnings, and Zacks says the company lacks the typical factors associated with an earnings beat. This follows the company’s recent substantial quarterly EPS miss, increasing downside risk ahead of results. Earnings Preview: Warner Bros. Discovery (WBD) Q2 Earnings Expected to Decline
Negative Sentiment: Merger-related legal risk is weighing on the investment case. Reports cite a potential $9.8 billion breakup fee if the Paramount-WBD transaction fails, while delays could reportedly begin costing Paramount approximately $7 million per day after September 30. These obligations raise the stakes but do not guarantee that WBD shareholders will receive the deal’s expected benefits. Warner Bros.-Paramount merger faces a massive $9.8 billion breakup fee if it collapses
Negative Sentiment: Zacks Research downgraded Warner Bros. Discovery from “hold” to “strong sell,” adding pressure to the stock ahead of earnings and while merger litigation remains unresolved. Warner Bros. Discovery downgrade

Wall Street Analyst Weigh In

WBD has been the subject of a number of research reports. UBS Group increased their price target on Warner Bros. Discovery from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. KeyCorp reaffirmed an “overweight” rating on shares of Warner Bros. Discovery in a report on Friday, April 24th. Zacks Research downgraded shares of Warner Bros. Discovery from a “hold” rating to a “strong sell” rating in a research report on Monday. Weiss Ratings downgraded shares of Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Thursday, May 7th. Finally, Huber Research raised shares of Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Warner Bros. Discovery currently has a consensus rating of “Hold” and an average target price of $27.04.

Get Our Latest Research Report on WBD

Warner Bros. Discovery Stock Down 0.7%

Shares of NASDAQ:WBD opened at $25.47 on Friday. Warner Bros. Discovery, Inc. has a 1 year low of $10.76 and a 1 year high of $30.00. 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 business’s 50-day moving average is $26.59 and its 200-day moving average is $27.29. The company has a market capitalization of $63.86 billion, a price-to-earnings ratio of -36.39 and a beta of 1.54.

Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($0.10) by ($1.07). The business had revenue of $8.89 billion for 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% on a year-over-year basis. During the same period in the prior year, the business earned ($0.18) EPS. Equities research analysts predict that Warner Bros. Discovery, Inc. will post -1.08 earnings per share for the current year.

About Warner Bros. Discovery

(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.