YCG LLC cut its position in shares of Discovery Communications, Inc. (NASDAQ:DISCK) by 0.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 375,536 shares of the company’s stock after selling 2,512 shares during the period. Discovery Communications comprises about 2.5% of YCG LLC’s portfolio, making the stock its 16th largest position. YCG LLC owned about 0.08% of Discovery Communications worth $9,467,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. boosted its position in Discovery Communications by 2,766.5% in the first quarter. BlackRock Inc. now owns 13,447,103 shares of the company’s stock worth $380,687,000 after buying an additional 12,977,986 shares during the last quarter. Norges Bank purchased a new position in Discovery Communications during the fourth quarter valued at $35,163,000. Seizert Capital Partners LLC boosted its position in Discovery Communications by 57.0% in the first quarter. Seizert Capital Partners LLC now owns 2,911,723 shares of the company’s stock valued at $82,431,000 after buying an additional 1,057,066 shares in the last quarter. TD Asset Management Inc. boosted its position in Discovery Communications by 82.3% in the first quarter. TD Asset Management Inc. now owns 1,057,069 shares of the company’s stock valued at $29,926,000 after buying an additional 477,180 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Discovery Communications by 2.2% in the first quarter. Vanguard Group Inc. now owns 21,390,878 shares of the company’s stock valued at $605,575,000 after buying an additional 460,591 shares in the last quarter. 46.82% of the stock is owned by hedge funds and other institutional investors.
Shares of Discovery Communications, Inc. (DISCK) opened at 21.87 on Friday. The firm has a 50-day moving average price of $24.68 and a 200 day moving average price of $26.40. Discovery Communications, Inc. has a 1-year low of $21.75 and a 1-year high of $29.18. The company has a market cap of $12.47 billion, a price-to-earnings ratio of 11.60 and a beta of 1.47.
Discovery Communications (NASDAQ:DISCK) last posted its earnings results on Monday, July 31st. The company reported $0.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by $0.04. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The firm had revenue of $1.75 billion for the quarter. On average, analysts predict that Discovery Communications, Inc. will post $2.24 EPS for the current fiscal year.
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DISCK has been the subject of several recent research reports. Zacks Investment Research raised Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Thursday, July 20th. BidaskClub raised Discovery Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. TheStreet cut Discovery Communications from a “b-” rating to a “c+” rating in a research report on Wednesday, May 17th. ValuEngine cut Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Barrington Research reissued a “market perform” rating on shares of Discovery Communications in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $29.00.
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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