Fisher Asset Management LLC reduced its stake in shares of Discovery Communications, Inc. (NASDAQ:DISCK) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,087 shares of the company’s stock after selling 335 shares during the period. Fisher Asset Management LLC’s holdings in Discovery Communications were worth $758,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in shares of Discovery Communications during the first quarter worth about $178,000. Daiwa Securities Group Inc. increased its position in shares of Discovery Communications by 17.5% in the first quarter. Daiwa Securities Group Inc. now owns 6,370 shares of the company’s stock worth $180,000 after buying an additional 950 shares during the last quarter. Quantbot Technologies LP increased its position in shares of Discovery Communications by 1,035.8% in the first quarter. Quantbot Technologies LP now owns 6,622 shares of the company’s stock worth $187,000 after buying an additional 6,039 shares during the last quarter. Trust Co. of Oklahoma purchased a new position in shares of Discovery Communications during the first quarter worth about $209,000. Finally, Weik Investment Services Inc. purchased a new position in shares of Discovery Communications during the first quarter worth about $209,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Discovery Communications, Inc. (DISCK) traded up 1.05% during mid-day trading on Friday, hitting $21.25. 2,865,659 shares of the stock traded hands. Discovery Communications, Inc. has a 12-month low of $20.90 and a 12-month high of $29.18. The stock has a market cap of $12.11 billion, a PE ratio of 11.27 and a beta of 1.47. The company has a 50 day moving average of $24.12 and a 200-day moving average of $26.18.

Discovery Communications (NASDAQ:DISCK) last announced its earnings results on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by $0.04. The business had revenue of $1.75 billion for the quarter. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. Equities research analysts forecast that Discovery Communications, Inc. will post $2.24 earnings per share for the current year.

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Several analysts have weighed in on DISCK shares. Zacks Investment Research raised shares of Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Thursday, July 20th. TheStreet downgraded shares of Discovery Communications from a “b-” rating to a “c+” rating in a research report on Wednesday, May 17th. BidaskClub raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. ValuEngine downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Barrington Research reissued a “market perform” rating on shares of Discovery Communications in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $29.00.

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:DISCK)

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