Discovery Communications, Inc. (DISCK) Holdings Trimmed by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its holdings in Discovery Communications, Inc. (NASDAQ:DISCK) by 4.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 229,031 shares of the company’s stock after selling 10,834 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Discovery Communications were worth $5,774,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. BlackRock Inc. increased its position in shares of Discovery Communications by 2.2% during the 2nd quarter. BlackRock Inc. now owns 13,737,088 shares of the company’s stock valued at $346,312,000 after purchasing an additional 289,985 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of Discovery Communications by 10.1% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,878,321 shares of the company’s stock valued at $148,192,000 after purchasing an additional 537,357 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its position in shares of Discovery Communications by 42.2% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,422,562 shares of the company’s stock valued at $86,283,000 after purchasing an additional 1,016,006 shares during the last quarter. Seizert Capital Partners LLC increased its position in shares of Discovery Communications by 11.2% during the 2nd quarter. Seizert Capital Partners LLC now owns 3,237,316 shares of the company’s stock valued at $81,613,000 after purchasing an additional 325,593 shares during the last quarter. Finally, First Manhattan Co. increased its position in shares of Discovery Communications by 30.2% during the 2nd quarter. First Manhattan Co. now owns 2,806,374 shares of the company’s stock valued at $70,748,000 after purchasing an additional 651,642 shares during the last quarter. 45.45% of the stock is owned by institutional investors and hedge funds.

Shares of Discovery Communications, Inc. (NASDAQ:DISCK) opened at 17.98 on Friday. The stock has a market capitalization of $10.25 billion, a price-to-earnings ratio of 9.54 and a beta of 1.43. The company has a 50-day moving average of $19.55 and a 200 day moving average of $23.48. Discovery Communications, Inc. has a 12-month low of $17.58 and a 12-month high of $29.18.

Discovery Communications (NASDAQ:DISCK) last announced its quarterly earnings results on Monday, July 31st. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.04). The company had revenue of $1.75 billion for the quarter. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. Analysts predict that Discovery Communications, Inc. will post $2.23 earnings per share for the current year.

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Several equities research analysts have recently commented on the stock. Morgan Stanley reduced their price target on shares of Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday. BidaskClub lowered shares of Discovery Communications from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Barrington Research reaffirmed a “market perform” rating on shares of Discovery Communications in a research report on Tuesday, August 1st. Zacks Investment Research lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Finally, ValuEngine raised shares of Discovery Communications from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $25.50.

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

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