Credit Industriel ET Commercial Acquires 140,000 Shares of Warner Bros. Discovery, Inc. $WBD

Key Points

• Credit Industriel ET Commercial increased its Warner Bros. Discovery stake by 200% in Q4, acquiring 140,000 shares to hold 210,000 shares worth about $6.05 million.
• Significant insider selling: directors sold large positions (e.g., Paul A. Gould sold 600,000 shares and Fazal F. Merchant sold 35,000), with insiders offloading 8,206,827 shares valued at $230.7 million in the last 90 days.
• Analyst consensus and recent results: the stock has a consensus "Hold" with a $26.30 target, while WBD missed quarterly EPS expectations (‑$0.10 vs. $0.09 expected) and trades near $27 within a 12‑month range of $8.06–$30.00.

Credit Industriel ET Commercial grew its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 200.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,000 shares of the company's stock after acquiring an additional 140,000 shares during the period. Credit Industriel ET Commercial's holdings in Warner Bros. Discovery were worth $6,052,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in WBD. Concord Wealth Partners lifted its position in shares of Warner Bros. Discovery by 49.9% in the third quarter. Concord Wealth Partners now owns 1,321 shares of the company's stock valued at $26,000 after acquiring an additional 440 shares in the last quarter. Physician Wealth Advisors Inc. lifted its position in shares of Warner Bros. Discovery by 152.1% in the third quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company's stock valued at $27,000 after acquiring an additional 847 shares in the last quarter. Rakuten Securities Inc. lifted its position in shares of Warner Bros. Discovery by 81.5% in the fourth quarter. Rakuten Securities Inc. now owns 1,160 shares of the company's stock valued at $33,000 after acquiring an additional 521 shares in the last quarter. JPL Wealth Management LLC purchased a new position in shares of Warner Bros. Discovery in the third quarter valued at about $33,000. Finally, 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 acquiring an additional 1,590 shares in the last quarter. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Guggenheim restated a "buy" rating on shares of Warner Bros. Discovery in a research report on Friday, April 24th. KeyCorp restated an "overweight" rating on shares of Warner Bros. Discovery in a research report on Friday, April 24th. Benchmark restated a "hold" rating on shares of Warner Bros. Discovery in a research report on Friday, February 27th. Raymond James Financial restated an "underperform" rating on shares of Warner Bros. Discovery in a research report on Friday, February 27th. Finally, TD Cowen boosted their price objective on Warner Bros. Discovery from $22.00 to $26.00 and gave the company a "hold" rating in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, Warner Bros. Discovery presently has a consensus rating of "Hold" and a consensus target price of $26.30.

Insider Transactions at Warner Bros. Discovery

In other news, Director Fazal F. Merchant sold 35,000 shares of Warner Bros. Discovery stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $27.48, for a total value of $961,800.00. Following the sale, the director directly owned 95,539 shares of the company's stock, valued at approximately $2,625,411.72. The trade was a 26.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul A. Gould sold 600,000 shares of Warner Bros. Discovery stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $27.35, for a total value of $16,410,000.00. Following the completion of the transaction, the director owned 244,357 shares of the company's stock, valued at approximately $6,683,163.95. This represents a 71.06% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 8,206,827 shares of company stock valued at $230,674,025. 1.80% of the stock is owned by insiders.

Warner Bros. Discovery Trading Up 1.0%

Shares of WBD stock opened at $27.22 on Wednesday. Warner Bros. Discovery, Inc. has a 12-month low of $8.06 and a 12-month high of $30.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.87. The stock's 50-day moving average price is $27.56 and its 200-day moving average price is $26.53. The stock has a market capitalization of $68.24 billion, a price-to-earnings ratio of 93.88 and a beta of 1.57.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its earnings results on Thursday, February 26th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.19). Warner Bros. Discovery had a return on equity of 1.98% and a net margin of 1.95%.The firm had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $9.33 billion. During the same period last year, the firm posted ($0.20) earnings per share. The company's revenue for the quarter was down 5.7% compared to the same quarter last year. Equities research analysts predict that Warner Bros. Discovery, Inc. will post -0.14 EPS for the current fiscal year.

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.

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