Commonwealth Bank of Australia Has $2.25 Million Holdings in Discovery Communications, Inc. (DISCA)

Commonwealth Bank of Australia boosted its holdings in shares of Discovery Communications, Inc. (NASDAQ:DISCA) by 8.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,970 shares of the company’s stock after purchasing an additional 8,600 shares during the quarter. Commonwealth Bank of Australia’s holdings in Discovery Communications were worth $2,252,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Hotchkis & Wiley Capital Management LLC grew its position in shares of Discovery Communications by 5.2% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 18,606,223 shares of the company’s stock worth $480,599,000 after acquiring an additional 917,632 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Discovery Communications by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 16,661,316 shares of the company’s stock worth $430,362,000 after acquiring an additional 858,015 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Discovery Communications by 12.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 11,966,987 shares of the company’s stock worth $254,779,000 after acquiring an additional 1,297,175 shares in the last quarter. BlackRock Inc. grew its position in shares of Discovery Communications by 2.0% in the 2nd quarter. BlackRock Inc. now owns 9,533,783 shares of the company’s stock worth $246,259,000 after acquiring an additional 187,781 shares in the last quarter. Finally, State Street Corp grew its position in shares of Discovery Communications by 5.4% in the 2nd quarter. State Street Corp now owns 7,346,135 shares of the company’s stock worth $189,736,000 after acquiring an additional 376,975 shares in the last quarter. Institutional investors own 48.25% of the company’s stock.

Discovery Communications, Inc. (NASDAQ:DISCA) opened at $19.46 on Monday. Discovery Communications, Inc. has a 12-month low of $15.99 and a 12-month high of $30.25. The stock has a market capitalization of $7,376.39, a P/E ratio of 9.36, a P/E/G ratio of 1.08 and a beta of 1.55. The company has a debt-to-equity ratio of 2.56, a quick ratio of 5.87 and a current ratio of 5.87.

Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.12). Discovery Communications had a net margin of 16.63% and a return on equity of 22.24%. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the firm earned $0.47 EPS. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. equities analysts forecast that Discovery Communications, Inc. will post 1.97 earnings per share for the current fiscal year.

In related news, Director J David Wargo acquired 100,000 shares of Discovery Communications stock in a transaction that occurred on Monday, November 6th. The stock was acquired at an average price of $15.76 per share, for a total transaction of $1,576,000.00. Following the transaction, the director now directly owns 147,591 shares of the company’s stock, valued at approximately $2,326,034.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Gunnar Wiedenfels purchased 15,000 shares of Discovery Communications stock in a transaction on Friday, November 3rd. The shares were acquired at an average price of $15.45 per share, with a total value of $231,750.00. Following the transaction, the chief financial officer now directly owns 50,000 shares in the company, valued at approximately $772,500. The disclosure for this purchase can be found here. Insiders have purchased a total of 195,000 shares of company stock valued at $3,071,750 in the last 90 days. Insiders own 6.81% of the company’s stock.

DISCA has been the subject of several research reports. Deutsche Bank decreased their target price on Discovery Communications from $26.00 to $21.00 and set a “hold” rating for the company in a research report on Thursday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $24.00 target price (down previously from $29.00) on shares of Discovery Communications in a research report on Friday, November 3rd. Barclays decreased their target price on Discovery Communications from $25.00 to $18.00 and set an “underweight” rating for the company in a research report on Friday, October 13th. ValuEngine upgraded Discovery Communications from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. Finally, Credit Suisse Group decreased their target price on Discovery Communications from $22.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, November 6th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.67.

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Discovery Communications 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:DISCA)

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