Zurcher Kantonalbank Zurich Cantonalbank Has $616,000 Stake in Discovery Communications, Inc. (DISCA)
Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Discovery Communications, Inc. (NASDAQ:DISCA) by 0.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 23,852 shares of the company’s stock after acquiring an additional 206 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Discovery Communications were worth $616,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in DISCA. Pacer Advisors Inc. bought a new position in Discovery Communications during the 2nd quarter valued at about $594,000. Utah Retirement Systems lifted its holdings in Discovery Communications by 1.5% during the 2nd quarter. Utah Retirement Systems now owns 27,643 shares of the company’s stock valued at $714,000 after purchasing an additional 400 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Discovery Communications by 28.5% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 38,210 shares of the company’s stock valued at $987,000 after purchasing an additional 8,473 shares during the last quarter. Andra AP fonden lifted its holdings in Discovery Communications by 44.9% during the 2nd quarter. Andra AP fonden now owns 66,500 shares of the company’s stock valued at $1,718,000 after purchasing an additional 20,600 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Discovery Communications by 3.4% during the 2nd quarter. American Century Companies Inc. now owns 757,490 shares of the company’s stock valued at $19,566,000 after purchasing an additional 24,790 shares during the last quarter. 45.85% of the stock is owned by institutional investors.
Shares of Discovery Communications, Inc. (NASDAQ DISCA) opened at 21.00 on Wednesday. Discovery Communications, Inc. has a 12 month low of $20.53 and a 12 month high of $30.25. The firm has a market cap of $11.97 billion, a PE ratio of 11.14 and a beta of 1.59. The stock’s 50 day moving average is $23.34 and its 200 day moving average is $26.23.
Discovery Communications (NASDAQ:DISCA) last posted its earnings results on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.04). The company had revenue of $1.75 billion during 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 firm’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the company posted $0.71 EPS. Analysts forecast that Discovery Communications, Inc. will post $2.24 EPS for the current fiscal year.
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Several brokerages recently issued reports on DISCA. TheStreet downgraded shares of Discovery Communications from a “b-” rating to a “c+” rating in a report on Thursday, May 18th. MKM Partners reissued a “neutral” rating and set a $26.00 price target (down from $30.00) on shares of Discovery Communications in a report on Wednesday, August 2nd. Sanford C. Bernstein reissued an “underperform” rating on shares of Discovery Communications in a report on Tuesday. Cowen and Company reissued a “hold” rating and set a $29.00 price target on shares of Discovery Communications in a report on Tuesday, July 11th. Finally, Barrington Research reissued a “market perform” rating on shares of Discovery Communications in a report on Wednesday, August 2nd. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $27.27.
In related news, insider Paul J. Guagliardo bought 10,000 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was purchased at an average price of $22.71 per share, with a total value of $227,100.00. Following the completion of the acquisition, the insider now owns 10,000 shares of the company’s stock, valued at $227,100. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Bruce Campbell sold 9,283 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $26.43, for a total transaction of $245,349.69. The disclosure for this sale can be found here. Insiders bought 55,000 shares of company stock valued at $1,243,300 in the last three months. Company insiders own 6.81% of the company’s stock.
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.
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