Bartlett & Co. LLC Continues to Hold Position in Discovery Communications, Inc. (NASDAQ:DISCA)

Bartlett & Co. LLC held its stake in Discovery Communications, Inc. (NASDAQ:DISCA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,306 shares of the company’s stock at the end of the second quarter. Bartlett & Co. LLC’s holdings in Discovery Communications were worth $163,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the company. Martingale Asset Management L P boosted its stake in shares of Discovery Communications by 0.3% in the first quarter. Martingale Asset Management L P now owns 20,553 shares of the company’s stock valued at $598,000 after buying an additional 52 shares during the last quarter. 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 valued at $330,000 after buying an additional 103 shares in the last quarter. Advantus Capital Management Inc boosted its position in Discovery Communications by 0.9% in the first quarter. Advantus Capital Management Inc now owns 15,202 shares of the company’s stock valued at $442,000 after buying an additional 130 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Discovery Communications by 1.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,339 shares of the company’s stock valued at $330,000 after buying an additional 145 shares in the last quarter. Finally, American International Group Inc. boosted its position in Discovery Communications by 0.3% in the first quarter. American International Group Inc. now owns 73,984 shares of the company’s stock valued at $2,152,000 after buying an additional 192 shares in the last quarter. 44.31% of the stock is currently owned by institutional investors.

Shares of Discovery Communications, Inc. (DISCA) traded down 0.39% during trading on Friday, reaching $22.91. 3,274,392 shares of the company’s stock traded hands. Discovery Communications, Inc. has a 1-year low of $22.82 and a 1-year high of $30.25. The company has a 50 day moving average price of $25.61 and a 200 day moving average price of $27.14. The stock has a market capitalization of $13.06 billion, a PE ratio of 12.15 and a beta of 1.59.

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

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Several equities analysts recently issued reports on DISCA shares. Jefferies Group LLC reaffirmed a “hold” rating on shares of Discovery Communications in a report on Friday, May 12th. Pivotal Research reaffirmed a “hold” rating and set a $28.00 target price (up previously from $27.00) on shares of Discovery Communications in a report on Sunday, April 23rd. Zacks Investment Research lowered shares of Discovery Communications from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. BidaskClub raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, ValuEngine lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $28.25.

In related news, insider Bruce Campbell sold 9,283 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $26.43, for a total transaction of $245,349.69. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Gunnar Wiedenfels bought 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were bought at an average price of $23.01 per share, for a total transaction of $460,200.00. Following the acquisition, the chief financial officer now directly owns 20,000 shares of the company’s stock, valued at approximately $460,200. The disclosure for this purchase can be found here. Insiders own 5.78% of the company’s stock.

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.

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

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