Mitsubishi UFJ Trust & Banking Corp Has $11.62 Million Stake in Discovery Communications, Inc. (NASDAQ:DISCK)

Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Discovery Communications, Inc. (NASDAQ:DISCK) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 460,956 shares of the company’s stock after purchasing an additional 89 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.08% of Discovery Communications worth $11,621,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in DISCK. Cadence Capital Management LLC lifted its holdings in Discovery Communications by 0.7% in the 2nd quarter. Cadence Capital Management LLC now owns 8,111 shares of the company’s stock valued at $204,000 after purchasing an additional 55 shares in the last quarter. Creative Planning raised its holdings in shares of Discovery Communications by 1.0% during the 2nd quarter. Creative Planning now owns 8,545 shares of the company’s stock worth $215,000 after acquiring an additional 87 shares during the period. Thrivent Financial For Lutherans raised its holdings in shares of Discovery Communications by 0.7% during the 1st quarter. Thrivent Financial For Lutherans now owns 42,510 shares of the company’s stock worth $1,203,000 after acquiring an additional 280 shares during the period. LS Investment Advisors LLC raised its holdings in shares of Discovery Communications by 5.0% during the 2nd quarter. LS Investment Advisors LLC now owns 10,607 shares of the company’s stock worth $267,000 after acquiring an additional 502 shares during the period. Finally, Comerica Bank raised its holdings in shares of Discovery Communications by 0.7% during the 2nd quarter. Comerica Bank now owns 80,264 shares of the company’s stock worth $2,045,000 after acquiring an additional 555 shares during the period. Hedge funds and other institutional investors own 45.30% of the company’s stock.

Discovery Communications, Inc. (DISCK) opened at 20.21 on Friday. Discovery Communications, Inc. has a 12-month low of $19.36 and a 12-month high of $29.18. The firm has a market cap of $11.52 billion, a price-to-earnings ratio of 10.72 and a beta of 1.46. The stock has a 50 day moving average price of $21.66 and a 200-day moving average price of $25.27.

Discovery Communications (NASDAQ:DISCK) last released its quarterly earnings data on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.04). The firm had revenue of $1.75 billion during the quarter. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. Equities analysts forecast that Discovery Communications, Inc. will post $2.24 earnings per share for the current year.

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Several research firms recently weighed in on DISCK. Zacks Investment Research upgraded Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Thursday, July 20th. ValuEngine cut Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub upgraded Discovery Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Barrington Research reiterated a “market perform” rating on shares of Discovery Communications in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company. The stock presently has an average rating of “Hold” and an average price target of $29.00.

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:DISCK)

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