The Manufacturers Life Insurance Company Has $30.89 Million Stock Holdings in Warner Bros. Discovery, Inc. $WBD

13 Sep 2026, 05:32 by Doug Wharley · The Cerbat Gem

The Manufacturers Life Insurance Company trimmed its position in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) by 5.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,158,469 shares of the company’s stock after selling 68,370 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Warner Bros. Discovery were worth $30,885,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC grew its holdings in shares of Warner Bros. Discovery by 111.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 942 shares of the company’s stock worth $25,000 after purchasing an additional 496 shares in the last quarter. Field & Main Bank bought a new stake in shares of Warner Bros. Discovery during the second quarter valued at approximately $26,000. Swiss RE Ltd. acquired a new position in shares of Warner Bros. Discovery in the fourth quarter valued at $26,000. Elevation Wealth Partners LLC raised its stake in shares of Warner Bros. Discovery by 64.3% in the second quarter. Elevation Wealth Partners LLC now owns 1,009 shares of the company’s stock valued at $27,000 after purchasing an additional 395 shares in the last quarter. Finally, Archer Investment Corp bought a new position in Warner Bros. Discovery in the second quarter worth $27,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Insider Buying and Selling

In other news, Director Kenneth Lowe sold 200,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $28.23, for a total value of $5,646,000.00. Following the sale, the director owned 590,108 shares of the company’s stock, valued at approximately $16,658,748.84. This represents a 25.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Zaslav sold 194,999 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $28.02, for a total transaction of $5,463,871.98. Following the sale, the chief executive officer owned 6,807,934 shares of the company’s stock, valued at $190,758,310.68. This trade represents a 2.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,753,034 shares of company stock worth $76,636,967 in the last three months. Company insiders own 0.70% of the company’s stock.

Warner Bros. Discovery News Roundup

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

Positive Sentiment: Paramount is reportedly preparing to meet with state attorneys general in late October to discuss settlement terms related to its proposed acquisition of Warner Bros. Discovery. Paramount CEO David Ellison is also considering strategies to secure clearance in California. Progress toward resolving antitrust concerns could improve deal certainty and support WBD’s valuation. Paramount settlement talks article Paramount California clearance article
Neutral Sentiment: The proposed transaction remains the dominant catalyst. However, a reported $7 million daily ticking fee is approaching, increasing the financial stakes if closing is delayed. Investors are likely focused on whether regulatory negotiations can prevent additional costs and keep the deal on schedule.
Neutral Sentiment: Warner Bros. Discovery is promoting upcoming television programming and using youth-focused marketing to build interest in the Basketball World Cup. These initiatives may support audience engagement, but they are less material to near-term valuation than the Paramount transaction. Warner Bros. TV programming article Basketball World Cup marketing article
Negative Sentiment: Two insiders sold a combined 462,285 shares worth approximately $13.0 million. Director Kenneth Lowe reduced his position by 25.31%, while insider Amy Girdwood cut hers by 32.72%. Although insider sales do not necessarily indicate deteriorating fundamentals, the size of the transactions can weigh on sentiment, particularly while WBD faces regulatory and execution risks. Kenneth Lowe SEC filing Amy Girdwood SEC filing

Warner Bros. Discovery Price Performance

Shares of WBD stock opened at $28.04 on Friday. The stock’s fifty day simple moving average is $27.23 and its 200 day simple moving average is $27.24. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market cap of $70.40 billion, a price-to-earnings ratio of -22.08 and a beta of 1.57. Warner Bros. Discovery, Inc. has a one year low of $17.08 and a one year high of $30.00.

Warner Bros. Discovery (NASDAQ:WBD – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.20. The firm had revenue of $8.72 billion during the quarter, compared to analyst estimates of $9.25 billion. Warner Bros. Discovery had a negative return on equity of 8.91% and a negative net margin of 8.77%.The business’s revenue for the quarter was down 11.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 earnings per share. On average, analysts expect that Warner Bros. Discovery, Inc. will post -1.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Freedom Capital upgraded shares of Warner Bros. Discovery from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Seaport Research Partners downgraded shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating in a report on Monday, July 27th. Huber Research upgraded shares of Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research report on Monday, June 1st. Zacks Research raised shares of Warner Bros. Discovery from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. Finally, Weiss Ratings raised shares of Warner Bros. Discovery from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Warner Bros. Discovery currently has a consensus rating of “Hold” and a consensus price target of $27.69.

Read Our Latest Stock Report on Warner Bros. Discovery

About Warner Bros. Discovery

(Free Report)

Warner Bros. Discovery, Inc is a global media and entertainment company that develops, produces and distributes television, film and digital content. Its portfolio includes Warner Bros. film and television studios, HBO, CNN, Discovery, TLC, HGTV, Food Network, TNT Sports and other well-known brands.