OLD National Bancorp IN Cuts Holdings in Warner Bros. Discovery, Inc. $WBD

OLD National Bancorp IN decreased its stake in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 27.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,687 shares of the company’s stock after selling 31,416 shares during the quarter. OLD National Bancorp IN’s holdings in Warner Bros. Discovery were worth $2,354,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of WBD. Brighton Jones LLC increased its holdings in Warner Bros. Discovery by 304.9% during the 4th quarter. Brighton Jones LLC now owns 68,950 shares of the company’s stock worth $729,000 after purchasing an additional 51,920 shares during the period. NewEdge Advisors LLC increased its holdings in Warner Bros. Discovery by 50.5% during the 1st quarter. NewEdge Advisors LLC now owns 63,254 shares of the company’s stock worth $679,000 after purchasing an additional 21,228 shares during the period. Empowered Funds LLC increased its holdings in Warner Bros. Discovery by 6.2% during the 1st quarter. Empowered Funds LLC now owns 65,082 shares of the company’s stock worth $698,000 after purchasing an additional 3,779 shares during the period. Focus Partners Wealth increased its holdings in Warner Bros. Discovery by 91.6% during the 1st quarter. Focus Partners Wealth now owns 116,821 shares of the company’s stock worth $1,254,000 after purchasing an additional 55,837 shares during the period. Finally, Baird Financial Group Inc. increased its holdings in Warner Bros. Discovery by 3.8% during the 2nd quarter. Baird Financial Group Inc. now owns 111,450 shares of the company’s stock worth $1,277,000 after purchasing an additional 4,062 shares during the period. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WBD. Deutsche Bank Aktiengesellschaft downgraded Warner Bros. Discovery from a “buy” rating to a “hold” rating and increased their price objective for the company from $29.50 to $31.00 in a report on Friday, February 27th. UBS Group increased their price objective on Warner Bros. Discovery from $20.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Raymond James Financial reiterated an “underperform” rating on shares of Warner Bros. Discovery in a report on Friday, February 27th. Sanford C. Bernstein increased their price objective on Warner Bros. Discovery from $23.50 to $27.75 and gave the company a “market perform” rating in a report on Tuesday, February 24th. Finally, Benchmark reiterated a “hold” rating on shares of Warner Bros. Discovery in a report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $26.30.

Warner Bros. Discovery Trading Down 1.6%

WBD opened at $26.90 on Friday. Warner Bros. Discovery, Inc. has a one year low of $8.06 and a one year high of $30.00. The company has a market cap of $66.71 billion, a P/E ratio of 92.76 and a beta of 1.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.06 and a current ratio of 1.06. The business’s 50-day simple moving average is $27.73 and its 200-day simple moving average is $26.04.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings data 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 net margin of 1.95% and a return on equity of 1.98%. The business had revenue of $9.46 billion during the quarter, compared to analysts’ expectations of $9.33 billion. During the same quarter in the previous year, the company posted ($0.20) EPS. The company’s revenue was down 5.7% compared to the same quarter last year. As a group, equities research analysts expect that Warner Bros. Discovery, Inc. will post -0.1 EPS for the current fiscal year.

Insider Transactions at Warner Bros. Discovery

In related news, CFO Gunnar Wiedenfels sold 374,323 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $28.05, for a total value of $10,499,760.15. Following the completion of the sale, the chief financial officer directly owned 663,380 shares of the company’s stock, valued at $18,607,809. This represents a 36.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul A. Gould sold 600,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $6,683,163.95. This trade represents a 71.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 8,206,827 shares of company stock worth $230,674,025. Insiders own 1.90% of the company’s stock.

Key Headlines Impacting Warner Bros. Discovery

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

• Positive Sentiment: Shareholders approved the transaction with Paramount Skydance, moving the $81–110 billion strategic combination significantly closer to closing — a catalyst that could unlock a transaction premium but also starts integration risk monitoring. Warner Bros. Discovery Stockholders Approve Transaction with Paramount Skydance
• Positive Sentiment: Paramount leadership (David Ellison) has already begun internal communications about next steps following shareholder approval — an indication the acquirer intends to move quickly on integration planning. Here’s what David Ellison told Paramount employees after WBD shareholders approved the merger
• Neutral Sentiment: WBD continues to extend content rights (e.g., long‑term Giro d’Italia deal), which supports the company’s content moat but is unlikely to move the stock materially short term versus the merger news. WBD extends Giro d’Italia rights
• Neutral Sentiment: Market commentary notes WBD shares fell more steeply than the wider market today — a reflection of deal‑related uncertainty (governance and regulatory risks) rather than operating news. Warner Bros. Discovery (WBD) Falls More Steeply Than Broader Market: What Investors Need to Know
• Negative Sentiment: Shareholders rejected David Zaslav’s proposed $550M–$886M golden parachute, creating potential leadership and retention uncertainty that investors may view as a governance win for shareholders but a near‑term risk to executive stability. Warner Bros. Discovery shareholders vote to approve Paramount deal — but reject David Zaslav’s $886M golden parachute
• Negative Sentiment: Protests and political criticism (including warnings about job losses in NYC) increase reputational and political risk that could complicate local approvals or generate headline volatility around the deal. Flurry Of Protests As WBD Shareholders Set To Vote On Paramount Merger
• Negative Sentiment: Reports that competitors (e.g., Netflix) may be quietly opposing or trying to influence the deal add another layer of strategic and regulatory uncertainty. Netflix reportedly quietly interfering with Warner Bros.-Paramount merger

Warner Bros. Discovery Company 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.