MetLife Investment Advisors LLC bought a new position in shares of Discovery Communications Inc. (NASDAQ:DISCK) in the 4th quarter, Holdings Channel reports. The fund bought 62,879 shares of the company’s stock, valued at approximately $1,331,000.
Several other large investors have also bought and sold shares of the company. BlackRock Inc. increased its position in shares of Discovery Communications by 1.4% during the fourth quarter. BlackRock Inc. now owns 13,617,520 shares of the company’s stock worth $288,283,000 after acquiring an additional 193,083 shares in the last quarter. State of Wisconsin Investment Board increased its position in shares of 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 acquiring an additional 6,799,916 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Discovery Communications by 130.0% during the fourth quarter. Mackenzie Financial Corp now owns 3,083,624 shares of the company’s stock worth $65,280,000 after acquiring an additional 1,743,195 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Discovery Communications by 207.2% during the third quarter. Prudential Financial Inc. now owns 2,588,195 shares of the company’s stock worth $52,437,000 after acquiring an additional 1,745,767 shares in the last quarter. Finally, Sterling Capital Management LLC grew its position in Discovery Communications by 8.1% in the 3rd quarter. Sterling Capital Management LLC now owns 2,509,976 shares of the company’s stock worth $50,852,000 after purchasing an additional 187,197 shares in the last quarter. 51.80% of the stock is owned by institutional investors.
Shares of DISCK stock opened at $20.73 on Monday. Discovery Communications Inc. has a 52-week low of $14.99 and a 52-week high of $29.18. The company has a quick ratio of 5.34, a current ratio of 5.34 and a debt-to-equity ratio of 3.20. The stock has a market capitalization of $7,916.93, a price-to-earnings ratio of 10.42 and a beta of 1.46.
DISCK has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Discovery Communications from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. BidaskClub raised shares of Discovery Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, January 23rd. ValuEngine downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Morgan Stanley upped their price objective on shares of Discovery Communications from $22.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus target price of $29.00.
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About Discovery Communications
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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