Discovery Communications Inc. (DISCA) Position Increased by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can raised its position in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 0.1% during the first quarter, according to its most recent filing with the SEC. The fund owned 112,148 shares of the company’s stock after buying an additional 99 shares during the period. Great West Life Assurance Co. Can’s holdings in Discovery Communications were worth $3,257,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DISCA. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Discovery Communications by 5.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 24,072 shares of the company’s stock worth $700,000 after buying an additional 1,139 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in Discovery Communications by 38,783.3% in the first quarter. Canada Pension Plan Investment Board now owns 6,999 shares of the company’s stock worth $204,000 after buying an additional 6,981 shares in the last quarter. Oxbow Advisors LLC boosted its position in Discovery Communications by 0.3% in the first quarter. Oxbow Advisors LLC now owns 190,935 shares of the company’s stock worth $5,554,000 after buying an additional 570 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in Discovery Communications by 2.6% in the first quarter. Oregon Public Employees Retirement Fund now owns 15,892 shares of the company’s stock worth $462,000 after buying an additional 400 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in Discovery Communications by 0.9% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,353 shares of the company’s stock worth $330,000 after buying an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 41.96% of the company’s stock.

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

Discovery Communications Inc. (NASDAQ:DISCA) opened at 25.46 on Thursday. Discovery Communications Inc. has a 1-year low of $23.66 and a 1-year high of $30.25. The company has a 50 day moving average price of $27.65 and a 200-day moving average price of $27.86. The firm has a market capitalization of $11.28 billion, a price-to-earnings ratio of 13.32 and a beta of 1.60.

Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.08. Discovery Communications had a return on equity of 22.76% and a net margin of 17.14%. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the business earned $0.46 earnings per share. Discovery Communications’s revenue was up 3.3% compared to the same quarter last year. On average, analysts forecast that Discovery Communications Inc. will post $2.29 EPS for the current fiscal year.

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A number of analysts have recently commented on the company. Jefferies Group LLC reissued a “hold” rating on shares of Discovery Communications in a research note on Friday, May 12th. TheStreet lowered Discovery Communications from a “b-” rating to a “c+” rating in a research note on Thursday, May 18th. Loop Capital lowered Discovery Communications from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a research note on Wednesday, February 22nd. They noted that the move was a valuation call. FBR & Co reissued a “hold” rating and set a $30.00 price target on shares of Discovery Communications in a research note on Friday, April 7th. Finally, Pivotal Research reissued a “hold” rating and set a $27.00 price target on shares of Discovery Communications in a research note on Wednesday, February 15th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $29.29.

In related news, Director Paul A. Gould sold 8,832 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $25.98, for a total transaction of $229,455.36. Following the transaction, the director now directly owns 188,676 shares in the company, valued at approximately $4,901,802.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 5.78% of the stock is owned by company insiders.

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.

12 Month Chart for NASDAQ:DISCA

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