PensionDanmark Pensionsforsikringsaktieselskab 13F: Exits WBD Stake

PensionDanmark closed its position in Warner Bros. Discovery Inc (WBD) by selling all 185,307 shares in a filing on October 19, 2026. According to the latest Form 13F filing with the SEC, the pension fund completely exited its stake during the period, cutting its holdings by 100.0% from the 185,307 shares it held previously.

WBD Warner Bros. Discovery Inc

$26.74 ▼ -6.21% year to date

1M 3M YTD

Daily close · Jun 26, 2026

Other Institutional Activity in Warner Bros. Discovery Inc

Other major investment firms made substantial adjustments to their holdings in Warner Bros. Discovery Inc around the same reporting period. Millennium Management Llc grew its holdings by 13,717,950 shares, ending with 57,657,575 shares worth about $1,784,501,990. Pentwater Capital Management Lp reduced its position by 2,667,954 shares, finishing with 47,576,000 shares valued at about $1,472,477,236. Meanwhile, Citadel Advisors Llc lifted its stake by 15,207,334 shares, ending with 44,587,810 shares worth about $1,379,992,753.

Warner Bros. Discovery Inc Stock Holds Steady

Warner Bros. Discovery Inc recently traded around $30.95 as of October 20, 2026. The entertainment company operates with a debt-to-equity ratio of 94.199 and a current ratio of 0.777.

Recent Earnings

For its trailing twelve months, the company posted total revenue of $36,115,001,344 alongside negative earnings of $1.28 per share. Profitability metrics reflect a net margin of -8.8% and a return on equity of -8.8%, with year-over-year revenue declining by 11.2%. The company's next earnings report is scheduled for November 5, 2026.

Insider Buying and Selling at Warner Bros. Discovery Inc

Company insiders completed several transactions in the months leading up to the filing. Officer Amy Girdwood sold 262,285 shares on September 9, 2026, at an average price of $27.98 for a total value of $7,338,734. Director Kenneth W Lowe sold 200,000 shares on September 10, 2026, at $28.23 per share totaling $5,646,000. Director Richard W. Fisher disposed of 6,700 shares on September 11, 2026, at $28.06 for $188,002. Officer Lori C Locke sold 29,115 shares on September 14, 2026, at $28.13 for a total of $819,005.

Analysts Set New Price Targets

Wall Street research firms have actively adjusted their outlooks on the stock. On June 29, 2026, Seaport Global upgraded the stock to a Buy rating with a $31.0 price target, though the firm later downgraded it to Neutral on July 27, 2026. Argus Research reiterated a Buy rating with a $31.0 price target on August 18, 2026, before downgrading the stock to Sell on September 29, 2026. Morgan Stanley maintained an Equal-Weight rating while raising its price target from $29.0 to $31.0 on September 22, 2026.

About Warner Bros. Discovery Inc

Warner Bros. Discovery, Inc. operates as a media and entertainment company worldwide, delivering content through its streaming platforms like HBO Max and discovery+, studio operations, and global linear television networks. The firm brings together entertainment and sports programming across digital and traditional viewing channels.

Bottom Line

Investors will look ahead to Warner Bros. Discovery Inc's upcoming earnings release on November 5, 2026, for further clarity on streaming growth and financial performance. Institutional adjustments and insider transactions continue to shape market sentiment around the entertainment provider.