Warner Bros. Discovery, Inc. $WBD Shares Bought by Caisse Des Depots ET Consignations

02 May 2026, 03:58 by Renee Jackson · The Cerbat Gem

Caisse Des Depots ET Consignations lifted its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) by 45.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,887 shares of the company’s stock after acquiring an additional 24,470 shares during the period. Caisse Des Depots ET Consignations’ holdings in Warner Bros. Discovery were worth $2,245,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in WBD. Brighton Jones LLC grew 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 valued at $729,000 after purchasing an additional 51,920 shares in the last quarter. NewEdge Advisors LLC grew 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 valued at $679,000 after purchasing an additional 21,228 shares in the last quarter. Empowered Funds LLC grew 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 valued at $698,000 after purchasing an additional 3,779 shares in the last quarter. Focus Partners Wealth grew 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 valued at $1,254,000 after purchasing an additional 55,837 shares in the last quarter. Finally, Baird Financial Group Inc. grew 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 valued at $1,277,000 after purchasing an additional 4,062 shares in the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Warner Bros. Discovery

In other Warner Bros. Discovery news, CEO David Zaslav sold 4,004,149 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $28.26, for a total transaction of $113,157,250.74. Following the completion of the transaction, the chief executive officer directly owned 7,200,627 shares of the company’s stock, valued at $203,489,719.02. This trade represents a 35.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruce Campbell sold 1,580,331 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was 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 of the company’s stock, valued at approximately $19,320,784. This represents a 69.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 8,206,827 shares of company stock worth $230,674,025 over the last 90 days. Company insiders own 1.90% of the company’s stock.

Warner Bros. Discovery News Summary

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

Positive Sentiment: Morgan Stanley framed the Paramount–Skydance–Warner combination as “big, bold, and game-changing,” implying material strategic and value upside if the deal clears and assets are reweighted successfully. Paramount Skydance, Warner Bros. merger a ‘big, bold, and game-changing move’—Morgan Stanley
Positive Sentiment: Warner Bros. Discovery renewed CFO Gunnar Wiedenfels’s contract through April 2028 — a governance/stability signal that may reassure investors about execution on finance, integration and deal-related accounting. Warner Bros. Discovery Finance Chief Gunnar Wiedenfels Gets New Contract
Neutral Sentiment: Analysts maintain an average “Hold” on WBD, reflecting mixed views — upside tied to deal completion, downside tied to regulatory and execution risk. This keeps near-term analyst pressure balanced. Warner Bros. Discovery, Inc. (NASDAQ:WBD) Given Average Rating of “Hold” by Analysts
Neutral Sentiment: A recent valuation check highlights a disconnect between market signal and cash-flow estimates — useful framing for long-term investors but not an immediate catalyst absent changes to guidance or deal terms. Warner Bros. Discovery (WBD) Valuation Check As Market Signals Clash With Cash Flow Estimates
Negative Sentiment: Consumer plaintiffs filed an antitrust and “viewpoint diversity” suit seeking to block the merger, a direct regulatory/legal threat that increases the probability of delays, divestitures or deal rejection. Save CNN: Paramount Hit With Antitrust & “Viewpoint Diversity” Suit By Consumers To Stop WBD Merger; Company Responds
Negative Sentiment: Coverage of CEO David Zaslav’s compensation tripling to $165M and critical reporting about his role in the proposed sale raise governance and optics concerns that could weigh on sentiment and invite investor scrutiny. Warner Bros. CEO’s pay package triples to $165M
Negative Sentiment: Critical commentary and reporting (NY Post, Vulture) question management incentives and outline legal/competitive obstacles to the merger, amplifying reputational risk and potential regulatory pushback. David Zaslav isn’t just making himself rich selling Warner to Paramount — ask his employees

Warner Bros. Discovery Price Performance

Shares of WBD stock opened at $26.97 on Friday. The firm has a market cap of $67.61 billion, a P/E ratio of 93.00 and a beta of 1.57. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.06 and a quick ratio of 1.06. Warner Bros. Discovery, Inc. has a 1-year low of $8.06 and a 1-year high of $30.00. The firm has a fifty day moving average of $27.59 and a two-hundred day moving average of $26.35.

Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.19). The company had revenue of $9.46 billion for the quarter, compared to analyst estimates of $9.33 billion. Warner Bros. Discovery had a return on equity of 1.98% and a net margin of 1.95%.Warner Bros. Discovery’s revenue was down 5.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.20) earnings per share. As a group, research analysts anticipate that Warner Bros. Discovery, Inc. will post -0.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WBD shares. Sanford C. Bernstein raised their price target on shares of Warner Bros. Discovery from $23.50 to $27.75 and gave the company a “market perform” rating in a report on Tuesday, February 24th. Wells Fargo & Company started coverage on shares of Warner Bros. Discovery in a report on Monday, March 9th. They set an “equal weight” rating and a $31.00 price target for the company. Arete Research reaffirmed a “neutral” rating and set a $31.25 price target on shares of Warner Bros. Discovery in a report on Friday, February 27th. Deutsche Bank Aktiengesellschaft lowered shares of Warner Bros. Discovery from a “buy” rating to a “hold” rating and raised their price target for the company from $29.50 to $31.00 in a report on Friday, February 27th. Finally, TD Cowen raised their price target on shares of Warner Bros. Discovery from $22.00 to $26.00 and gave the company a “hold” rating in a report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $26.30.

Get Our Latest Stock Analysis on Warner Bros. Discovery

About Warner Bros. Discovery

(Free Report)

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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