Swiss National Bank Lowers Holdings in Discovery Communications Inc. (NASDAQ:DISCA)

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Swiss National Bank lessened its stake in Discovery Communications Inc. (NASDAQ:DISCA) by 2.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 510,088 shares of the company’s stock after selling 12,300 shares during the quarter. Swiss National Bank’s holdings in Discovery Communications were worth $15,660,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Thor Advisors LLC bought a new stake in shares of Discovery Communications during the 1st quarter valued at about $29,000. Duncker Streett & Co. Inc. bought a new stake in shares of Discovery Communications during the 2nd quarter valued at about $37,000. TRUE Private Wealth Advisors bought a new stake in shares of Discovery Communications during the 2nd quarter valued at about $53,000. Pennsylvania Trust Co bought a new stake in shares of Discovery Communications during the 1st quarter valued at about $1,085,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Discovery Communications by 96.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,920 shares of the company’s stock valued at $52,000 after purchasing an additional 945 shares during the period. 35.20% of the stock is owned by hedge funds and other institutional investors.

In other Discovery Communications news, General Counsel Savalle Sims sold 3,085 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $30.18, for a total value of $93,105.30. Following the completion of the transaction, the general counsel now directly owns 46,388 shares in the company, valued at approximately $1,399,989.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Peter Faricy purchased 35,900 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was acquired at an average price of $27.91 per share, with a total value of $1,001,969.00. Following the completion of the purchase, the chief executive officer now directly owns 182,367 shares in the company, valued at $5,089,862.97. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 14,144 shares of company stock valued at $412,081. 4.43% of the stock is currently owned by corporate insiders.

Shares of NASDAQ:DISCA opened at $27.01 on Friday. The stock has a 50 day moving average of $30.28 and a 200 day moving average of $29.19. The company has a market cap of $15.20 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 0.41 and a beta of 1.53. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.32. Discovery Communications Inc. has a 12-month low of $23.79 and a 12-month high of $34.89.

Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.01). The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.89 billion. Discovery Communications had a net margin of 15.62% and a return on equity of 21.53%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.77 earnings per share. Equities research analysts predict that Discovery Communications Inc. will post 3.6 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on DISCA shares. Wolfe Research downgraded Discovery Communications from an “outperform” rating to a “peer perform” rating in a research note on Thursday, May 30th. BidaskClub downgraded Discovery Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Imperial Capital boosted their price target on Discovery Communications from $29.00 to $30.00 and gave the company an “in-line” rating in a research note on Monday, June 24th. Finally, ValuEngine downgraded Discovery Communications from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $34.96.

Discovery Communications Company Profile

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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Institutional Ownership by Quarter for Discovery Communications (NASDAQ:DISCA)

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