Great West Life Assurance Co. Can decreased its stake in shares of Discovery Communications, Inc. (NASDAQ:DISCA) by 4.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,838 shares of the company’s stock after selling 5,310 shares during the period. Great West Life Assurance Co. Can’s holdings in Discovery Communications were worth $2,756,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Martingale Asset Management L P raised its position in Discovery Communications by 0.3% in the first quarter. Martingale Asset Management L P now owns 20,553 shares of the company’s stock valued at $598,000 after buying an additional 52 shares during the period. Louisiana State Employees Retirement System raised its position in Discovery Communications by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock valued at $245,000 after buying an additional 100 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its position in Discovery Communications by 0.9% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,353 shares of the company’s stock valued at $330,000 after buying an additional 103 shares during the period. Advantus Capital Management Inc raised its position in Discovery Communications by 0.9% in the first quarter. Advantus Capital Management Inc now owns 15,202 shares of the company’s stock valued at $442,000 after buying an additional 130 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its position in Discovery Communications by 1.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,339 shares of the company’s stock valued at $330,000 after buying an additional 145 shares during the period. Hedge funds and other institutional investors own 44.22% of the company’s stock.

Shares of Discovery Communications, Inc. (DISCA) opened at 22.49 on Monday. Discovery Communications, Inc. has a 12-month low of $22.12 and a 12-month high of $30.25. The company’s 50 day moving average price is $25.12 and its 200-day moving average price is $26.95. The firm has a market cap of $12.82 billion, a P/E ratio of 11.93 and a beta of 1.59.

Discovery Communications (NASDAQ:DISCA) last released its quarterly 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 firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 EPS. On average, equities research analysts anticipate that Discovery Communications, Inc. will post $2.23 EPS for the current year.

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Several equities analysts have issued reports on the company. Piper Jaffray Companies assumed coverage on Discovery Communications in a research note on Friday, August 11th. They issued a “neutral” rating and a $27.00 target price on the stock. Barrington Research reiterated a “market perform” rating on shares of Discovery Communications in a research note on Wednesday, August 2nd. Royal Bank Of Canada cut their target price on Discovery Communications from $32.00 to $29.00 and set an “outperform” rating on the stock in a research note on Thursday. BidaskClub lowered Discovery Communications from a “sell” rating to a “strong sell” rating in a research note on Friday. Finally, FBR & Co cut their target price on Discovery Communications from $30.00 to $28.00 and set a “mkt perform” rating on the stock in a research note on Tuesday, August 1st. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $27.27.

In other news, CFO Gunnar Wiedenfels purchased 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were purchased at an average price of $21.70 per share, for a total transaction of $325,500.00. Following the purchase, the chief financial officer now directly owns 35,000 shares of the company’s stock, valued at approximately $759,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director S Decker Anstrom purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were purchased at an average price of $23.05 per share, for a total transaction of $230,500.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 45,000 shares of company stock worth $1,016,200 in the last 90 days. 6.81% of the stock is currently owned by company insiders.

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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