Oregon Public Employees Retirement Fund maintained its position in Discovery Communications, Inc. (NASDAQ:DISCA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,892 shares of the company’s stock at the end of the second quarter. Oregon Public Employees Retirement Fund’s holdings in Discovery Communications were worth $410,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in DISCA. Mn Services Vermogensbeheer B.V. boosted its stake in Discovery Communications by 5.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,915 shares of the company’s stock worth $106,000 after buying an additional 215 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Discovery Communications by 24.7% in the first quarter. Daiwa Securities Group Inc. now owns 4,540 shares of the company’s stock worth $132,000 after buying an additional 900 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Discovery Communications during the first quarter worth about $134,000. Ameritas Investment Partners Inc. bought a new stake in Discovery Communications during the first quarter worth about $182,000. Finally, Feltz Wealth PLAN Inc. bought a new stake in Discovery Communications during the first quarter worth about $189,000. 44.22% of the stock is owned by hedge funds and other institutional investors.
Shares of Discovery Communications, Inc. (NASDAQ DISCA) opened at 22.49 on Friday. The company has a market capitalization of $12.82 billion, a PE ratio of 11.93 and a beta of 1.59. The firm has a 50-day moving average of $25.12 and a 200 day moving average of $26.95. Discovery Communications, Inc. has a 12 month low of $22.12 and a 12 month high of $30.25.
Discovery Communications (NASDAQ:DISCA) last issued its quarterly 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 net margin of 16.88% and a return on equity of 22.74%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period last year, the company earned $0.71 EPS. The company’s revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts expect that Discovery Communications, Inc. will post $2.23 earnings per share for the current fiscal year.
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A number of equities research analysts have issued reports on DISCA shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $32.00 target price on shares of Discovery Communications in a research note on Friday, July 14th. Citigroup Inc. upgraded Discovery Communications from a “neutral” rating to a “buy” rating and cut their target price for the company from $30.00 to $29.00 in a research note on Tuesday, August 1st. Pivotal Research upgraded Discovery Communications from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Tuesday, August 8th. TheStreet cut Discovery Communications from a “b-” rating to a “c+” rating in a research note on Thursday, May 18th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $30.00 target price (down from $32.00) on shares of Discovery Communications in a research note on Friday, July 14th. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $27.27.
In related news, CFO Gunnar Wiedenfels bought 20,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were purchased at an average price of $23.01 per share, with a total value of $460,200.00. Following the completion of the purchase, the chief financial officer now owns 20,000 shares of the company’s stock, valued at approximately $460,200. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Bruce Campbell sold 9,283 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $26.43, for a total value of $245,349.69. The disclosure for this sale can be found here. Insiders have bought 45,000 shares of company stock worth $1,016,200 in the last ninety days. 5.78% of the stock is currently owned by insiders.
Discovery Communications Company 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.
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