Discovery Inc Series C (DISCK) Shares Sold by HM Payson & Co.

HM Payson & Co. decreased its position in Discovery Inc Series C (NASDAQ:DISCK) by 18.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 34,364 shares of the company’s stock after selling 7,763 shares during the period. HM Payson & Co.’s holdings in Discovery Inc Series C were worth $1,016,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DISCK. Paulson & CO. Inc. lifted its holdings in shares of Discovery Inc Series C by 137.7% in the second quarter. Paulson & CO. Inc. now owns 10,000,000 shares of the company’s stock valued at $255,000,000 after buying an additional 5,792,788 shares during the period. BlackRock Inc. lifted its holdings in shares of Discovery Inc Series C by 10.2% in the second quarter. BlackRock Inc. now owns 21,143,121 shares of the company’s stock valued at $539,152,000 after buying an additional 1,961,911 shares during the period. Janus Henderson Group PLC raised its position in shares of Discovery Inc Series C by 210.0% during the third quarter. Janus Henderson Group PLC now owns 2,817,611 shares of the company’s stock worth $83,344,000 after purchasing an additional 1,908,804 shares during the period. FMR LLC raised its position in shares of Discovery Inc Series C by 571.6% during the second quarter. FMR LLC now owns 1,536,595 shares of the company’s stock worth $39,184,000 after purchasing an additional 1,307,792 shares during the period. Finally, Becker Capital Management Inc. acquired a new stake in shares of Discovery Inc Series C during the second quarter worth $20,331,000. Institutional investors and hedge funds own 56.22% of the company’s stock.

A number of brokerages have recently issued reports on DISCK. Zacks Investment Research raised Discovery Inc Series C from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Monday, October 29th. BidaskClub lowered Discovery Inc Series C from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 30th. Finally, ValuEngine raised Discovery Inc Series C from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th.

Shares of Discovery Inc Series C stock opened at $27.93 on Friday. The firm has a market cap of $14.62 billion, a PE ratio of 12.81 and a beta of 1.19. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.61. Discovery Inc Series C has a 12-month low of $16.82 and a 12-month high of $31.55.

Discovery Inc Series C (NASDAQ:DISCK) last announced its earnings results on Thursday, November 8th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The company had revenue of $2.59 billion for the quarter. Discovery Inc Series C had a positive return on equity of 17.05% and a negative net margin of 8.52%. Equities research analysts predict that Discovery Inc Series C will post 2.85 EPS for the current fiscal year.

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Discovery Inc Series C Profile

Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, The Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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Institutional Ownership by Quarter for Discovery Inc Series C (NASDAQ:DISCK)

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