Vanguard Group Inc. increased its stake in Discovery Communications Inc. (NASDAQ:DISCA) by 3.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,263,250 shares of the company’s stock after buying an additional 499,989 shares during the period. Vanguard Group Inc. owned 3.41% of Discovery Communications worth $359,862,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp raised its position in Discovery Communications by 0.5% in the first quarter. State Street Corp now owns 6,017,612 shares of the company’s stock valued at $172,283,000 after buying an additional 30,462 shares during the period. Aviva PLC raised its position in Discovery Communications by 0.4% in the first quarter. Aviva PLC now owns 76,975 shares of the company’s stock worth $2,204,000 after buying an additional 312 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in Discovery Communications by 49.3% in the first quarter. UBS Asset Management Americas Inc. now owns 796,105 shares of the company’s stock worth $22,793,000 after buying an additional 262,759 shares during the last quarter. Capstone Asset Management Co. raised its position in Discovery Communications by 4.1% in the second quarter. Capstone Asset Management Co. now owns 20,548 shares of the company’s stock worth $518,000 after buying an additional 811 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Discovery Communications by 2.3% in the first quarter. Geode Capital Management LLC now owns 1,470,612 shares of the company’s stock worth $42,045,000 after buying an additional 33,537 shares during the last quarter. 40.59% of the stock is owned by institutional investors.
Discovery Communications Inc. (NASDAQ:DISCA) traded down 1.01% during trading on Friday, reaching $27.56. 108,101 shares of the company traded hands. The company has a market cap of $11.52 billion, a PE ratio of 14.99 and a beta of 1.59. Discovery Communications Inc. has a 12 month low of $23.66 and a 12 month high of $31.80. The company’s 50-day moving average is $25.85 and its 200 day moving average is $26.63.
Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.02. Discovery Communications had a net margin of 18.06% and a return on equity of 23.45%. The firm earned $1.71 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts anticipate that Discovery Communications Inc. will post $1.97 earnings per share for the current year.
A number of analysts have commented on DISCA shares. Loop Capital restated a “buy” rating and set a $31.00 price target on shares of Discovery Communications in a research report on Saturday, September 3rd. Zacks Investment Research downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Moffett Nathanson lowered shares of Discovery Communications from a “neutral” rating to a “sell” rating and cut their price target for the company from $31.00 to $21.00 in a report on Tuesday, September 27th. MKM Partners boosted their price target on shares of Discovery Communications from $27.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, August 3rd. Finally, Barrington Research lowered shares of Discovery Communications from an “outperform” rating to a “market perform” rating in a report on Thursday, September 29th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. Discovery Communications has a consensus rating of “Hold” and an average price target of $30.15.
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 and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments are U.S.
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