PGGM Investments bought a new position in Discovery Communications, Inc. (NASDAQ:DISCA) during the second quarter, according to its most recent 13F filing with the SEC. The firm bought 95,169 shares of the company’s stock, valued at approximately $2,458,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. raised its position 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 in the last quarter. Daiwa Securities Group Inc. raised its position 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 in the last quarter. Acadian Asset Management LLC purchased a new position in Discovery Communications during the first quarter worth $134,000. Ameritas Investment Partners Inc. purchased a new position in Discovery Communications during the first quarter worth $182,000. Finally, Feltz Wealth PLAN Inc. purchased a new position in Discovery Communications during the first quarter worth $189,000. 44.22% of the stock is owned by hedge funds and other institutional investors.
Shares of Discovery Communications, Inc. (NASDAQ DISCA) traded up 1.12% during mid-day trading on Friday, reaching $22.49. 4,179,155 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $25.12 and a 200-day moving average price of $26.95. The stock has a market cap of $12.82 billion, a PE ratio of 11.93 and a beta of 1.59. Discovery Communications, Inc. has a 12 month low of $22.12 and a 12 month high of $30.25.
Discovery Communications (NASDAQ:DISCA) last released its earnings results on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the firm earned $0.71 EPS. The firm’s revenue was up 2.2% on a year-over-year basis. On average, analysts predict that Discovery Communications, Inc. will post $2.23 earnings per share for the current fiscal year.
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A number of brokerages have recently commented on DISCA. Piper Jaffray Companies began coverage on shares of Discovery Communications in a research report on Friday, August 11th. They set a “neutral” rating and a $27.00 price objective for the company. BidaskClub lowered shares of Discovery Communications from a “sell” rating to a “strong sell” rating in a research report on Friday. Barrington Research reaffirmed a “market perform” rating on shares of Discovery Communications in a research report on Wednesday, August 2nd. Royal Bank Of Canada cut 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. Finally, FBR & Co cut their price objective on shares of Discovery Communications from $30.00 to $28.00 and set a “mkt perform” rating for the company in a research report on Tuesday, August 1st. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $27.27.
In other Discovery Communications news, insider Bruce Campbell sold 9,283 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $26.43, for a total transaction of $245,349.69. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Gunnar Wiedenfels acquired 20,000 shares of the stock in a transaction on Tuesday, August 1st. The shares were acquired 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 owns 20,000 shares of the company’s stock, valued at approximately $460,200. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 45,000 shares of company stock worth $1,016,200. Corporate insiders own 5.78% of the company’s stock.
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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