TD Waterhouse Canada Inc. Purchases 228,307 Shares of Warner Bros. Discovery, Inc. $WBD

TD Waterhouse Canada Inc. grew its position in Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 527.3% in the third quarter, HoldingsChannel.com reports. The fund owned 271,602 shares of the company’s stock after buying an additional 228,307 shares during the period. TD Waterhouse Canada Inc.’s holdings in Warner Bros. Discovery were worth $5,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of WBD. Financial Gravity Companies Inc. acquired a new stake in Warner Bros. Discovery in the 2nd quarter valued at about $29,000. Grove Bank & Trust raised its stake in Warner Bros. Discovery by 66.5% in the third quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock valued at $33,000 after buying an additional 675 shares during the period. Trifecta Capital Advisors LLC bought a new stake in Warner Bros. Discovery in the second quarter valued at approximately $34,000. Crews Bank & Trust lifted its position in shares of Warner Bros. Discovery by 1,242.2% in the third quarter. Crews Bank & Trust now owns 1,718 shares of the company’s stock valued at $34,000 after buying an additional 1,590 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in shares of Warner Bros. Discovery by 183.9% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,891 shares of the company’s stock worth $37,000 after acquiring an additional 1,225 shares during the period. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WBD has been the topic of a number of research analyst reports. Barrington Research cut Warner Bros. Discovery from an “outperform” rating to a “hold” rating in a research note on Friday, December 5th. Morgan Stanley set a $29.00 price objective on shares of Warner Bros. Discovery in a report on Thursday, December 18th. TD Cowen increased their price objective on shares of Warner Bros. Discovery from $14.00 to $22.00 in a research report on Friday, November 7th. Singular Research upgraded shares of Warner Bros. Discovery to a “moderate buy” rating in a research note on Wednesday, October 22nd. Finally, UBS Group upped their price target on shares of Warner Bros. Discovery from $20.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, Warner Bros. Discovery currently has an average rating of “Moderate Buy” and an average price target of $24.85.

Warner Bros. Discovery Price Performance

NASDAQ:WBD opened at $27.54 on Friday. Warner Bros. Discovery, Inc. has a 52 week low of $7.52 and a 52 week high of $30.00. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.07 and a current ratio of 1.07. The firm’s 50-day simple moving average is $27.69 and its 200 day simple moving average is $20.52. The firm has a market cap of $68.24 billion, a price-to-earnings ratio of 144.95 and a beta of 1.56.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). Warner Bros. Discovery had a net margin of 1.28% and a return on equity of 1.34%. The business had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the prior year, the firm earned $0.05 EPS. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, sell-side analysts predict that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Insider Activity at Warner Bros. Discovery

In other news, CFO Gunnar Wiedenfels sold 242,994 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $29.50, for a total transaction of $7,168,323.00. Following the completion of the sale, the chief financial officer directly owned 918,940 shares in the company, valued at approximately $27,108,730. This represents a 20.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Lori C. Locke sold 4,122 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $28.92, for a total value of $119,208.24. Following the sale, the chief accounting officer directly owned 100,962 shares in the company, valued at approximately $2,919,821.04. This trade represents a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 267,116 shares of company stock valued at $7,781,731. 1.90% of the stock is currently owned by corporate insiders.

Warner Bros. Discovery News Roundup

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

• Positive Sentiment: An Argus analyst reiterated a positive outlook on WBD, saying the stock is expected to rise—this provides a near-term bullish analyst catalyst that can support the share price. Warner Bros. Discovery (NASDAQ:WBD) Stock Price Expected to Rise, Argus Analyst Says
• Positive Sentiment: Warner Bros. Discovery struck a promotional/distribution partnership with X around the Winter Olympics—such platform deals can broaden reach and ad inventory, supporting ad revenue and streaming promotional efforts. Warner Bros. Discovery Partners With X On Winter Olympics
• Positive Sentiment: Market speculation and trading flow show bets around a possible Warner Bros.–Netflix deal; heightened positioning can amplify moves if deal optimism increases. (High short interest in WBD also raises volatility.) Wall Street traders show their hands with bets on Warner Bros. Discovery-Netflix deal
• Neutral Sentiment: Reports say Barry Diller expressed interest in buying CNN from WBD, but WBD publicly said CNN is not for sale and the idea did not advance to the board—this creates occasional M&A chatter but no concrete asset-sale catalyst. Barry Diller Told Warner Discovery He’s Interested in Buying CNN
• Neutral Sentiment: Profiles and commentary on potential leadership/strategy moves (e.g., coverage of David Ellison’s plans) add background on governance and strategic options but contain limited immediate financial detail. What Is David Ellison’s Warner Bros. Endgame?
• Negative Sentiment: Filmmakers and small theaters have urged state attorneys general to block the reported Netflix–Warner Bros. deal—this raises regulatory/legal risk that could scuttle or materially delay any transaction and weigh on the stock. State AGs urged by filmmakers, small theaters to block Netflix-Warner Bros. deal: report
• Negative Sentiment: Industry reporting highlights weakening box-office performance for major franchise films—this is a headwind for WBD’s theatrical revenue and franchise monetization, increasing near-term revenue uncertainty. Hollywood has an IP problem: Box office sales are banking on franchise hits that keep falling flat

About Warner Bros. Discovery

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.