Factory Mutual Insurance Co. held its position in Discovery Communications Inc. (NASDAQ:DISCA) during the first quarter, Holdings Channel reports. The fund owned 130,000 shares of the company’s stock at the end of the first quarter. Factory Mutual Insurance Co.’s holdings in Discovery Communications were worth $3,782,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of DISCA. Virtus Investment Advisers Inc. acquired a new position in Discovery Communications during the third quarter valued at $105,000. Thompson Siegel & Walmsley LLC acquired a new position in Discovery Communications during the fourth quarter valued at $128,000. Pacad Investment Ltd. acquired a new position in Discovery Communications during the fourth quarter valued at $145,000. Acrospire Investment Management LLC increased its position in Discovery Communications by 113.8% in the third quarter. Acrospire Investment Management LLC now owns 6,200 shares of the company’s stock valued at $167,000 after buying an additional 3,300 shares during the period. Finally, Feltz Wealth PLAN Inc. acquired a new position in Discovery Communications during the first quarter valued at $189,000. Hedge funds and other institutional investors own 41.96% of the company’s stock.
Discovery Communications Inc. (NASDAQ:DISCA) traded down 0.55% during midday trading on Friday, reaching $29.16. 1,440,630 shares of the company were exchanged. The stock has a market capitalization of $17.07 billion, a price-to-earnings ratio of 14.90 and a beta of 1.60. The firm’s 50-day moving average price is $28.29 and its 200 day moving average price is $27.71. Discovery Communications Inc. has a 52-week low of $23.66 and a 52-week high of $30.25.
Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings results on Tuesday, February 14th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.47 by $0.09. Discovery Communications had a return on equity of 22.76% and a net margin of 17.14%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities analysts predict that Discovery Communications Inc. will post $2.15 earnings per share for the current year.
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Several equities analysts have weighed in on the stock. Credit Suisse Group AG restated an “underperform” rating and set a $23.00 target price on shares of Discovery Communications in a report on Saturday, January 28th. Pivotal Research restated a “hold” rating and set a $27.00 target price on shares of Discovery Communications in a report on Wednesday, February 15th. Zacks Investment Research upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating in a report on Tuesday, January 17th. Jefferies Group LLC restated a “hold” rating and set a $28.00 target price on shares of Discovery Communications in a report on Wednesday, February 22nd. Finally, Loop Capital downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a report on Wednesday, February 22nd. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $29.28.
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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