Delta Lloyd Asset Management N.V. acquired a new stake in Discovery Communications, Inc. (NASDAQ:DISCA) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 22,977 shares of the company’s stock, valued at approximately $593,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American International Group Inc. raised its stake in Discovery Communications by 0.3% in the 1st quarter. American International Group Inc. now owns 73,984 shares of the company’s stock valued at $2,152,000 after purchasing an additional 192 shares during the last quarter. Oxbow Advisors LLC raised its stake in Discovery Communications by 0.8% in the 2nd quarter. Oxbow Advisors LLC now owns 192,540 shares of the company’s stock valued at $4,973,000 after purchasing an additional 1,605 shares during the last quarter. BlackRock Inc. raised its stake in Discovery Communications by 2,394.5% in the 1st quarter. BlackRock Inc. now owns 9,346,002 shares of the company’s stock valued at $271,875,000 after purchasing an additional 8,971,338 shares during the last quarter. Comerica Bank grew its holdings in Discovery Communications by 4.6% in the 1st quarter. Comerica Bank now owns 48,580 shares of the company’s stock valued at $1,428,000 after buying an additional 2,145 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in Discovery Communications by 7.6% in the 2nd quarter. Jennison Associates LLC now owns 25,051 shares of the company’s stock valued at $647,000 after buying an additional 1,775 shares in the last quarter. 45.85% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on the company. TheStreet cut Discovery Communications from a “b-” rating to a “c+” rating in a report on Thursday, May 18th. MKM Partners restated a “neutral” rating and issued a $26.00 target price (down from $30.00) on shares of Discovery Communications in a report on Wednesday, August 2nd. Credit Suisse Group upgraded Discovery Communications from an “underperform” rating to a “neutral” rating in a report on Thursday. Cowen and Company restated a “hold” rating and issued a $29.00 target price on shares of Discovery Communications in a report on Tuesday, July 11th. Finally, Barrington Research reiterated a “market perform” rating on shares of Discovery Communications in a report on Wednesday, August 2nd. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. Discovery Communications presently has an average rating of “Hold” and an average price target of $27.27.
Discovery Communications, Inc. (DISCA) opened at 21.50 on Friday. The stock has a market capitalization of $12.26 billion, a PE ratio of 11.41 and a beta of 1.59. The company’s 50-day moving average price is $22.90 and its 200-day moving average price is $26.10. Discovery Communications, Inc. has a one year low of $20.53 and a one year high of $30.25.
Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.04). The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 EPS. Equities research analysts predict that Discovery Communications, Inc. will post $2.24 EPS for the current year.
In other Discovery Communications news, CFO Gunnar Wiedenfels bought 20,000 shares of Discovery Communications stock in a transaction dated Tuesday, August 1st. The stock was bought at an average price of $23.01 per share, for a total transaction of $460,200.00. Following the completion of the acquisition, the chief financial officer now directly owns 20,000 shares of the company’s stock, valued at $460,200. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Paul J. Guagliardo acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were purchased at an average price of $22.71 per share, with a total value of $227,100.00. Following the completion of the acquisition, the insider now owns 10,000 shares of the company’s stock, valued at approximately $227,100. The disclosure for this purchase can be found here. Insiders purchased a total of 55,000 shares of company stock valued at $1,243,300 over the last three months. Corporate insiders own 6.81% of the company’s stock.
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About Discovery Communications
Discovery Communications, Inc (Discovery) is a global media company. The Company provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.
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