BlackRock Amends WBD Stake to 4.1% as of Dec 31, 2023
Ticker: WBD · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 1437107
| Field | Detail |
|---|---|
| Company | Warner Bros. Discovery, Inc. (WBD) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
Related Tickers: WBD
TL;DR
**BlackRock still owns 4.1% of Warner Bros. Discovery, holding over 100 million shares.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, disclosing its ownership of Warner Bros. Discovery, Inc. Class A Common Stock as of December 31, 2023. This filing indicates BlackRock's position as a significant institutional investor, holding 100,520,307 shares, representing 4.1% of the company's outstanding Class A Common Stock. This matters to investors because BlackRock, as one of the world's largest asset managers, often signals confidence in a company's long-term prospects through its substantial holdings, potentially influencing other institutional and retail investors.
Why It Matters
BlackRock's continued significant stake in Warner Bros. Discovery, Inc. suggests institutional confidence, which can be a positive signal for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of confidence.
Analyst Insight
Investors should note BlackRock's continued substantial holding as a sign of institutional interest, but also consider other factors like company performance and market conditions before making investment decisions.
Key Numbers
- 100,520,307 — shares beneficially owned (BlackRock's total shares of Warner Bros. Discovery, Inc. Class A Common Stock)
- 4.1% — percentage of class (BlackRock's ownership percentage of Warner Bros. Discovery, Inc. Class A Common Stock)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Warner Bros. Discovery, Inc. (company) — the subject company whose shares are being reported
- December 31, 2023 (date) — the date of the event which required the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will maintain a significant stake in Warner Bros. Discovery, Inc. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., a major institutional investment manager.
What is the subject company of this filing?
The subject company is Warner Bros. Discovery, Inc., identified by CIK 0001437107.
As of what date is the ownership information reported?
The ownership information is reported as of December 31, 2023, which is the 'Date of Event Which Requires Filing of this Statement'.
What percentage of Warner Bros. Discovery, Inc. Class A Common Stock does BlackRock Inc. beneficially own according to this filing?
BlackRock Inc. beneficially owns 4.1% of Warner Bros. Discovery, Inc.'s Class A Common Stock, representing 100,520,307 shares.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding Warner Bros. Discovery, Inc. (WBD).