Axa increased its position in shares of Discovery Communications, Inc. (NASDAQ:DISCA) by 91.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 422,550 shares of the company’s stock after purchasing an additional 202,200 shares during the quarter. Axa owned 0.07% of Discovery Communications worth $10,915,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DISCA. Martingale Asset Management L P increased 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 worth $598,000 after buying an additional 52 shares during the period. Louisiana State Employees Retirement System increased 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 worth $245,000 after buying an additional 100 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Discovery Communications by 0.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,424 shares of the company’s stock worth $295,000 after buying an additional 102 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased 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 worth $330,000 after buying an additional 103 shares during the period. Finally, Advantus Capital Management Inc increased 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 worth $442,000 after buying an additional 130 shares during the period. Hedge funds and other institutional investors own 45.85% of the company’s stock.

Discovery Communications, Inc. (NASDAQ:DISCA) opened at 21.00 on Wednesday. The firm has a market capitalization of $11.97 billion, a price-to-earnings ratio of 11.14 and a beta of 1.59. The company’s 50-day moving average price is $23.34 and its 200-day moving average price is $26.23. Discovery Communications, Inc. has a 12-month low of $20.53 and a 12-month high of $30.25.

Discovery Communications (NASDAQ:DISCA) last released its earnings results on Monday, July 31st. The company reported $0.68 earnings per share 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 the consensus estimate of $1.76 billion. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS. Equities analysts expect that Discovery Communications, Inc. will post $2.24 EPS for the current fiscal year.

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In other news, CFO Gunnar Wiedenfels bought 20,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was bought at an average price of $23.01 per share, for a total transaction of $460,200.00. Following the completion of the transaction, the chief financial officer now directly owns 20,000 shares in the company, valued at approximately $460,200. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul J. Guagliardo bought 10,000 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were purchased at an average price of $22.71 per share, with a total value of $227,100.00. Following the transaction, the insider now owns 10,000 shares of the company’s stock, valued at $227,100. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 55,000 shares of company stock valued at $1,243,300. 6.81% of the stock is currently owned by corporate insiders.

Several brokerages have weighed in on DISCA. TheStreet lowered Discovery Communications from a “b-” rating to a “c+” rating in a research report on Thursday, May 18th. MKM Partners reaffirmed a “neutral” rating and issued a $26.00 target price (down from $30.00) on shares of Discovery Communications in a research report on Wednesday, August 2nd. Sanford C. Bernstein reaffirmed an “underperform” rating on shares of Discovery Communications in a research report on Tuesday. Cowen and Company reaffirmed a “hold” rating and issued a $29.00 target price on shares of Discovery Communications in a research report on Tuesday, July 11th. Finally, Barrington Research reaffirmed a “market perform” rating on shares of Discovery Communications in a research report on Wednesday, August 2nd. Six 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’s stock. The company currently has an average rating of “Hold” and a consensus price target of $27.27.

About Discovery Communications

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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