Sendero Wealth Management LLC Has $8.23 Million Stock Holdings in Warner Bros. Discovery, Inc. $WBD

Sendero Wealth Management LLC trimmed its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) by 37.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 285,713 shares of the company’s stock after selling 171,032 shares during the period. Warner Bros. Discovery makes up approximately 0.9% of Sendero Wealth Management LLC’s holdings, making the stock its 19th largest holding. Sendero Wealth Management LLC’s holdings in Warner Bros. Discovery were worth $8,234,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in WBD. TriaGen Wealth Management LLC bought a new position in Warner Bros. Discovery in the third quarter worth $443,000. Swedbank AB increased its holdings in Warner Bros. Discovery by 3.7% in the 3rd quarter. Swedbank AB now owns 1,065,445 shares of the company’s stock valued at $20,808,000 after buying an additional 37,986 shares during the period. Mackay Shields LLC acquired a new position in shares of Warner Bros. Discovery in the 3rd quarter valued at $7,812,000. New York State Teachers Retirement System raised its stake in shares of Warner Bros. Discovery by 4.1% in the 3rd quarter. New York State Teachers Retirement System now owns 1,775,964 shares of the company’s stock valued at $34,685,000 after buying an additional 69,141 shares in the last quarter. Finally, Hauser Brothers GmbH lifted its holdings in shares of Warner Bros. Discovery by 19.8% during the 3rd quarter. Hauser Brothers GmbH now owns 2,877,000 shares of the company’s stock worth $56,188,000 after acquiring an additional 476,000 shares during the period. Institutional investors and hedge funds own 59.95% of the company’s stock.

Insider Buying and Selling

In other news, Director Paul A. Gould sold 600,000 shares of Warner Bros. Discovery stock in a transaction that occurred on 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 transaction, the director owned 244,357 shares in the company, valued at approximately $6,683,163.95. The trade was a 71.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David Zaslav sold 4,004,149 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $28.26, for a total value of $113,157,250.74. Following the completion of the transaction, the chief executive officer directly owned 7,200,627 shares in the company, valued at $203,489,719.02. The trade was a 35.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,206,827 shares of company stock valued at $230,674,025 in the last ninety days. 1.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WBD. Sanford C. Bernstein lifted their target price on shares of Warner Bros. Discovery from $23.50 to $27.75 and gave the company a “market perform” rating in a research report on Tuesday, February 24th. UBS Group raised their price target on shares of Warner Bros. Discovery from $20.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Arete Research reaffirmed a “neutral” rating and set a $31.25 price objective on shares of Warner Bros. Discovery in a report on Friday, February 27th. Raymond James Financial reiterated an “underperform” rating on shares of Warner Bros. Discovery in a research note on Friday, February 27th. Finally, Argus dropped their target price on Warner Bros. Discovery from $32.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $26.30.

Warner Bros. Discovery Trading Down 0.6%

Shares of Warner Bros. Discovery stock opened at $27.07 on Friday. The stock has a market capitalization of $67.13 billion, a P/E ratio of 93.35 and a beta of 1.60. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.87. The company has a 50-day simple moving average of $27.94 and a 200 day simple moving average of $24.74. Warner Bros. Discovery, Inc. has a 12-month low of $7.52 and a 12-month high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.10) 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 analyst estimates 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 quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.20) earnings per share. Research analysts expect that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

More Warner Bros. Discovery News

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

• Positive Sentiment: WBD announced a Special Meeting for shareholders on April 23, 2026 to vote on the Paramount Skydance merger and has begun mailing the definitive proxy; the board unanimously recommends shareholders vote FOR — this reduces timing uncertainty and makes a clear path to closing more likely. Warner Bros. Discovery Sets Shareholder Meeting Date of April 23, 2026 to Approve Transaction with Paramount Skydance
• Positive Sentiment: Company PR emphasizes an all-cash transaction with a clear path to close and a unanimous board recommendation — favorable for shareholders who prioritize deal certainty and cash consideration. Warner Bros. Discovery Sets Shareholder Meeting Date of April 23, 2026 to Approve Transaction with Paramount Skydance
• Neutral Sentiment: Multiple outlets (WSJ/Reuters/Hollywood Reporter/MSN) reported the $110B deal and the scheduled shareholder vote — these confirm market expectations and provide media coverage but add no new concessions or terms. Warner Bros shareholders to vote on $110 billion Paramount deal on April 23, WSJ reports
• Negative Sentiment: Los Angeles County supervisors voted to conduct an economic analysis of the proposed merger (interim report due in 60 days, final in 120 days), signaling local-government scrutiny that could complicate public perception and invite more regulatory attention. Los Angeles County Board of Supervisors Greenlights Economic Analysis of Paramount-WBD Merger
• Negative Sentiment: Netflix reportedly walked away from earlier talks to acquire WBD, removing an alternative strategic bidder; that lessens the chance of a competing bid that might have pushed the takeover price higher. Netflix Ends Warner Deal Talks To Focus On Core Growth Choices

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.