Janney Montgomery Scott LLC raised its stake in Discovery Communications, Inc. (NASDAQ:DISCA) by 11.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 61,459 shares of the company’s stock after buying an additional 6,106 shares during the period. Janney Montgomery Scott LLC’s holdings in Discovery Communications were worth $1,587,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in DISCA. Martingale Asset Management L P raised its position in Discovery Communications by 0.3% in the first quarter. Martingale Asset Management L P now owns 20,553 shares of the company’s stock valued at $598,000 after buying an additional 52 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Discovery Communications by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock worth $245,000 after buying an additional 100 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Discovery Communications by 0.9% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,353 shares of the company’s stock worth $330,000 after buying an additional 103 shares in the last quarter. Advantus Capital Management Inc raised its stake in shares of Discovery Communications by 0.9% in the first quarter. Advantus Capital Management Inc now owns 15,202 shares of the company’s stock worth $442,000 after buying an additional 130 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Discovery Communications by 1.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,339 shares of the company’s stock worth $330,000 after buying an additional 145 shares in the last quarter. Institutional investors own 44.22% of the company’s stock.
Shares of Discovery Communications, Inc. (NASDAQ DISCA) traded up 1.12% during midday trading on Friday, reaching $22.49. The company had a trading volume of 4,179,155 shares. The stock has a market capitalization of $12.82 billion, a PE ratio of 11.93 and a beta of 1.59. Discovery Communications, Inc. has a 52-week low of $22.12 and a 52-week high of $30.25. The company’s 50 day moving average price is $25.12 and its 200 day moving average price is $26.95.
Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings results on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.72 by $0.04. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.76 billion. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.71 EPS. Equities research analysts expect that Discovery Communications, Inc. will post $2.23 earnings per share for the current year.
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A number of brokerages have recently issued reports on DISCA. Piper Jaffray Companies began coverage on shares of Discovery Communications in a research note on Friday, August 11th. They set a “neutral” rating and a $27.00 target price for the company. Barrington Research reissued a “market perform” rating on shares of Discovery Communications in a research note on Wednesday, August 2nd. Royal Bank Of Canada decreased their price objective on Discovery Communications from $32.00 to $29.00 and set an “outperform” rating for the company in a report on Thursday. BidaskClub downgraded Discovery Communications from a “sell” rating to a “strong sell” rating in a report on Friday. Finally, FBR & Co decreased their price objective on Discovery Communications from $30.00 to $28.00 and set a “mkt perform” rating for the company in a report on Tuesday, August 1st. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $27.27.
In related news, Director S Decker Anstrom bought 10,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were acquired at an average price of $23.05 per share, with a total value of $230,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruce Campbell sold 9,283 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $26.43, for a total value of $245,349.69. The disclosure for this sale can be found here. In the last three months, insiders bought 45,000 shares of company stock worth $1,016,200. Corporate insiders own 5.78% of the company’s stock.
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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