BlackRock Inc. increased its position in shares of Discovery Communications Inc. (NASDAQ:DISCK) by 1.4% during the 4th quarter, Holdings Channel reports. The firm owned 13,617,520 shares of the company’s stock after purchasing an additional 193,083 shares during the period. BlackRock Inc.’s holdings in Discovery Communications were worth $288,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently made changes to their positions in DISCK. State of Wisconsin Investment Board lifted its stake in Discovery Communications by 101.1% during the fourth quarter. State of Wisconsin Investment Board now owns 13,528,070 shares of the company’s stock worth $286,389,000 after purchasing an additional 6,799,916 shares during the last quarter. Prudential Financial Inc. lifted its stake in Discovery Communications by 207.2% in the third quarter. Prudential Financial Inc. now owns 2,588,195 shares of the company’s stock valued at $52,437,000 after buying an additional 1,745,767 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in Discovery Communications by 25.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 7,362,821 shares of the company’s stock valued at $149,171,000 after buying an additional 1,484,500 shares during the last quarter. Private Management Group Inc. bought a new stake in Discovery Communications in the third quarter valued at $27,985,000. Finally, Mackenzie Financial Corp bought a new stake in Discovery Communications in the third quarter valued at $27,157,000. Hedge funds and other institutional investors own 52.61% of the company’s stock.
A number of equities research analysts have issued reports on the company. Morgan Stanley raised their target price on Discovery Communications from $22.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. ValuEngine cut Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. BidaskClub upgraded Discovery Communications from a “hold” rating to a “buy” rating in a research note on Friday, February 16th. Finally, Zacks Investment Research upgraded Discovery Communications from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Five analysts have rated the stock with a hold rating, Discovery Communications has an average rating of “Hold” and an average target price of $29.00.
Discovery Communications (NASDAQ:DISCK) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.47 EPS for the quarter. The company had revenue of $1.86 billion for the quarter. Discovery Communications had a positive return on equity of 21.68% and a negative net margin of 4.90%.
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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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