AMG National Trust Bank Continues to Hold Stake in Discovery Communications, Inc. (DISCA)

AMG National Trust Bank maintained its stake in shares of Discovery Communications, Inc. (NASDAQ:DISCA) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 10,000 shares of the company’s stock at the end of the second quarter. AMG National Trust Bank’s holdings in Discovery Communications were worth $258,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the stock. Mn Services Vermogensbeheer B.V. lifted its position in Discovery Communications by 5.8% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,915 shares of the company’s stock worth $106,000 after acquiring an additional 215 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in Discovery Communications by 24.7% during the first quarter. Daiwa Securities Group Inc. now owns 4,540 shares of the company’s stock worth $132,000 after acquiring an additional 900 shares during the last quarter. Ballentine Partners LLC acquired a new stake in Discovery Communications during the second quarter worth approximately $133,000. Acadian Asset Management LLC acquired a new stake in Discovery Communications during the first quarter worth approximately $134,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Discovery Communications in the first quarter valued at approximately $182,000. Institutional investors and hedge funds own 45.85% of the company’s stock.

In other news, CFO Gunnar Wiedenfels purchased 15,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was acquired at an average cost of $21.70 per share, for a total transaction of $325,500.00. Following the completion of the transaction, the chief financial officer now directly owns 35,000 shares in the company, valued at approximately $759,500. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Paul J. Guagliardo purchased 10,000 shares of the company’s stock in a transaction on Friday, August 18th. The stock was purchased at an average price of $22.71 per share, with a total value of $227,100.00. Following the completion of the transaction, the insider now owns 10,000 shares of the company’s stock, valued at $227,100. The disclosure for this purchase can be found here. Insiders have bought 55,000 shares of company stock valued at $1,243,300 over the last three months. 6.81% of the stock is owned by corporate insiders.

Shares of Discovery Communications, Inc. (DISCA) traded up 0.65% during midday trading on Friday, reaching $21.62. 3,575,113 shares of the company’s stock were exchanged. Discovery Communications, Inc. has a 12-month low of $20.53 and a 12-month high of $30.25. The stock has a market capitalization of $12.32 billion, a P/E ratio of 11.47 and a beta of 1.59. The firm has a 50-day moving average of $22.90 and a 200-day moving average of $26.10.

Discovery Communications (NASDAQ:DISCA) last issued its earnings results on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.04). Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period last year, the firm posted $0.71 earnings per share. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. Analysts anticipate that Discovery Communications, Inc. will post $2.24 EPS for the current fiscal year.

A number of research firms have recently weighed in on DISCA. Pivotal Research upgraded shares of Discovery Communications from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Tuesday, August 8th. MKM Partners restated a “neutral” rating and set a $26.00 price objective (down from $30.00) on shares of Discovery Communications in a research report on Wednesday, August 2nd. Royal Bank Of Canada lowered their price objective on shares of Discovery Communications from $32.00 to $29.00 and set an “outperform” rating for the company in a research report on Thursday, August 17th. Jefferies Group LLC restated a “hold” rating and set a $28.00 price objective on shares of Discovery Communications in a research report on Friday, June 16th. Finally, Credit Suisse Group restated an “underperform” rating and set a $24.00 price objective on shares of Discovery Communications in a research report on Saturday, July 22nd. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $27.13.

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Discovery Communications Profile

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.

Institutional Ownership by Quarter for Discovery Communications (NASDAQ:DISCA)

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