Nationwide Fund Advisors Has $922,000 Stake in Discovery Communications Inc. (DISCA)

Nationwide Fund Advisors decreased its holdings in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 56.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,300 shares of the company’s stock after selling 56,873 shares during the quarter. Nationwide Fund Advisors’ holdings in Discovery Communications were worth $922,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Beach Investment Management LLC. bought a new stake in shares of Discovery Communications during the 2nd quarter worth $254,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of Discovery Communications by 17.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 563,742 shares of the company’s stock worth $14,562,000 after buying an additional 82,427 shares during the period. Legal & General Group Plc boosted its holdings in shares of Discovery Communications by 18.4% during the 2nd quarter. Legal & General Group Plc now owns 851,984 shares of the company’s stock worth $22,006,000 after buying an additional 132,632 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Discovery Communications by 2.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 466,304 shares of the company’s stock worth $12,045,000 after buying an additional 11,792 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Discovery Communications by 19.5% during the 2nd quarter. Victory Capital Management Inc. now owns 49,655 shares of the company’s stock worth $1,283,000 after buying an additional 8,100 shares during the period. Institutional investors own 48.12% of the company’s stock.

Several analysts recently issued reports on DISCA shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $29.00 price objective on shares of Discovery Communications in a report on Friday, October 20th. Credit Suisse Group raised shares of Discovery Communications from an “underperform” rating to a “neutral” rating and reduced their price target for the company from $23.00 to $22.00 in a report on Thursday, September 14th. ValuEngine downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research downgraded shares of Discovery Communications from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 7th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Discovery Communications in a report on Thursday, October 12th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $24.06.

Discovery Communications Inc. (NASDAQ DISCA) opened at $22.38 on Friday. Discovery Communications Inc. has a one year low of $15.99 and a one year high of $30.25. The stock has a market cap of $8,547.67, a price-to-earnings ratio of 10.84, a PEG ratio of 1.27 and a beta of 1.55. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 2.56.

Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.12). Discovery Communications had a net margin of 16.63% and a return on equity of 22.24%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the company posted $0.47 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. sell-side analysts forecast that Discovery Communications Inc. will post 1.94 earnings per share for the current year.

In other news, CFO Gunnar Wiedenfels bought 15,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was acquired at an average price of $15.45 per share, for a total transaction of $231,750.00. Following the transaction, the chief financial officer now directly owns 50,000 shares of the company’s stock, valued at approximately $772,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John C. Malone bought 332,523 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were purchased at an average price of $19.72 per share, with a total value of $6,557,353.56. Following the transaction, the director now directly owns 671,095 shares in the company, valued at $13,233,993.40. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 527,523 shares of company stock valued at $9,629,104. Corporate insiders own 6.81% of the company’s stock.

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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.

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

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