Decker Retirement Planning Inc. Invests $6.95 Million in Warner Bros. Discovery, Inc. $WBD

Key Points

• Decker Retirement Planning Inc. acquired 241,107 shares of Warner Bros. Discovery in Q4 valued at about $6.95 million, making WBD roughly 3.5% of the fund's holdings and its 4th largest position.
• Significant insider selling has occurred recently: CEO David Zaslav sold 4,004,149 shares (~$113.16M) and insiders sold 8,206,827 shares totaling about $230.67M over the past 90 days.
• Warner Bros. Discovery reported a Q4 EPS miss (‑$0.10 vs. $0.09 expected) and revenue fell 5.7% year‑over‑year; analysts’ consensus rating is Hold with an average target of $26.30.

Decker Retirement Planning Inc. acquired a new position in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 241,107 shares of the company's stock, valued at approximately $6,949,000. Warner Bros. Discovery makes up about 3.5% of Decker Retirement Planning Inc.'s holdings, making the stock its 4th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Warner Bros. Discovery by 7.1% in the 3rd quarter. Vanguard Group Inc. now owns 281,214,155 shares of the company's stock worth $5,492,112,000 after buying an additional 18,736,600 shares in the last quarter. Jericho Capital Asset Management L.P. boosted its position in shares of Warner Bros. Discovery by 108.9% in the 3rd quarter. Jericho Capital Asset Management L.P. now owns 35,095,390 shares of the company's stock worth $685,413,000 after buying an additional 18,291,865 shares in the last quarter. Northern Trust Corp boosted its position in shares of Warner Bros. Discovery by 3.9% in the 3rd quarter. Northern Trust Corp now owns 23,496,725 shares of the company's stock worth $458,891,000 after buying an additional 876,869 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Warner Bros. Discovery by 4,639.8% in the 3rd quarter. Pacer Advisors Inc. now owns 22,788,847 shares of the company's stock worth $445,066,000 after buying an additional 22,308,046 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Warner Bros. Discovery by 9.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 18,820,858 shares of the company's stock worth $367,417,000 after buying an additional 1,658,317 shares in the last quarter. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Warner Bros. Discovery from a "buy" rating to a "hold" rating and boosted their price objective for the stock from $29.50 to $31.00 in a research report on Friday, February 27th. Benchmark reiterated a "hold" rating on shares of Warner Bros. Discovery in a research report on Friday, February 27th. Huber Research lowered shares of Warner Bros. Discovery from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, February 27th. Raymond James Financial reiterated an "underperform" rating on shares of Warner Bros. Discovery in a research report on Friday, February 27th. Finally, Wells Fargo & Company began coverage on shares of Warner Bros. Discovery in a report on Monday, March 9th. They issued an "equal weight" rating and a $31.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Warner Bros. Discovery currently has a consensus rating of "Hold" and an average target price of $26.30.

Warner Bros. Discovery News Roundup

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

• Positive Sentiment: Paramount and allies have publicly tried to reassure talent and investors by pledging to preserve studio brands and greenlight a steady slate of films, an attempt to limit creative departures and reassure WBD’s content pipeline. Paramount Responds To Letter From Hollywood Figures
• Neutral Sentiment: Macro/sector context: Wall Street remains focused on streaming dynamics (pricing, ads, password sharing) that can reshape competitive positioning — a mixed backdrop for WBD that could amplify either upside or downside depending on execution. Wall Street still loves streaming, but are its affections well placed?
• Negative Sentiment: A major theater trade group warned the merger would concentrate too much power and harm cinemas, signaling distribution and exhibition pushback that could reduce theatrical revenue for the combined company. Theater group says Paramount, Warner Bros merger 'harmful' to industry
• Negative Sentiment: More than 1,000 Hollywood professionals and dozens of top stars have publicly opposed the deal via open letters and media coverage, warning of reduced competition and creative risk — a talent revolt that could depress future content output and brand value. Top Hollywood stars come out swinging against the Paramount-WBD deal
• Negative Sentiment: UK regulators have initiated a review and are seeking views ahead of a formal CMA probe; a protracted or adverse ruling (remedies or block) would materially change deal economics and cross-border strategy. Paramount-Warner: UK Competition Watchdog Seeks Views UK to probe Paramount-Warner Bros deal in coming weeks
• Negative Sentiment: Shareholder governance and proxy advisors are pushing back on large executive payouts tied to the transaction, adding another governance headwind and complicating support for deal-related incentives. Hollywood Pushback And Regulators Test Warner Bros. Discovery Deal Risks
• Negative Sentiment: Market and company-specific warning signs: WBD posted a Q4 EPS miss and year-over-year revenue decline, insiders have sold stock, and short interest has risen — all signals investors cite as higher downside risk if the deal falters. (See recent analyst commentary and coverage for details.)

Insider Buying and Selling at Warner Bros. Discovery

In other news, insider Bruce Campbell sold 1,580,331 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $28.00, for a total transaction of $44,249,268.00. Following the transaction, the insider directly owned 690,028 shares in the company, valued at $19,320,784. This represents a 69.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David Zaslav sold 4,004,149 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $28.26, for a total transaction of $113,157,250.74. Following the transaction, the chief executive officer owned 7,200,627 shares in the company, valued at approximately $203,489,719.02. The trade was a 35.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 8,206,827 shares of company stock worth $230,674,025. 1.80% of the stock is currently owned by insiders.

Warner Bros. Discovery Price Performance

NASDAQ:WBD opened at $27.37 on Wednesday. The firm has a market cap of $67.88 billion, a price-to-earnings ratio of 94.38 and a beta of 1.63. 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 company's 50-day moving average is $27.76 and its two-hundred day moving average is $25.74. Warner Bros. Discovery, Inc. has a 12-month low of $7.75 and a 12-month high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its earnings results on Thursday, February 26th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.19). The firm had revenue of $9.46 billion during the quarter, compared to analysts' expectations of $9.33 billion. Warner Bros. Discovery had a net margin of 1.95% and a return on equity of 1.98%. Warner Bros. Discovery's revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter last year, the company posted ($0.20) earnings per share. Research analysts expect that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Warner Bros. Discovery 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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