Discovery Communications, Inc. (DISCA) Holdings Raised by Victory Capital Management Inc.
Victory Capital Management Inc. raised its position in shares of Discovery Communications, Inc. (NASDAQ:DISCA) by 19.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,655 shares of the company’s stock after acquiring an additional 8,100 shares during the period. Victory Capital Management Inc.’s holdings in Discovery Communications were worth $1,283,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in DISCA. BlackRock Inc. boosted its holdings in Discovery Communications by 2,394.5% during the first quarter. BlackRock Inc. now owns 9,346,002 shares of the company’s stock valued at $271,875,000 after acquiring an additional 8,971,338 shares during the period. Vanguard Group Inc. boosted its holdings in Discovery Communications by 5.4% during the first quarter. Vanguard Group Inc. now owns 15,803,301 shares of the company’s stock valued at $459,718,000 after acquiring an additional 803,848 shares during the period. FMR LLC boosted its holdings in Discovery Communications by 22.8% during the first quarter. FMR LLC now owns 3,722,052 shares of the company’s stock valued at $108,275,000 after acquiring an additional 691,746 shares during the period. Morgan Stanley boosted its holdings in Discovery Communications by 109.4% during the first quarter. Morgan Stanley now owns 853,603 shares of the company’s stock valued at $24,833,000 after acquiring an additional 445,909 shares during the period. Finally, State of Wisconsin Investment Board boosted its holdings in Discovery Communications by 129.6% during the second quarter. State of Wisconsin Investment Board now owns 768,745 shares of the company’s stock valued at $19,857,000 after acquiring an additional 433,853 shares during the period. Institutional investors own 45.85% of the company’s stock.
In other Discovery Communications news, CFO Gunnar Wiedenfels acquired 20,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was purchased at an average price of $23.01 per share, with a total value of $460,200.00. Following the acquisition, the chief financial officer now directly owns 20,000 shares of the company’s stock, valued at approximately $460,200. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul J. Guagliardo acquired 10,000 shares of the business’s stock in a transaction on Friday, August 18th. The stock was acquired at an average cost of $22.71 per share, with a total value of $227,100.00. Following the acquisition, the insider now directly owns 10,000 shares in the company, valued at $227,100. The disclosure for this purchase can be found here. Insiders acquired a total of 55,000 shares of company stock valued at $1,243,300 in the last three months. Insiders own 6.81% of the company’s stock.
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A number of equities research analysts have issued reports on the stock. Sanford C. Bernstein restated an “underperform” rating on shares of Discovery Communications in a report on Tuesday. Cowen and Company restated a “hold” rating and set a $25.00 price target on shares of Discovery Communications in a report on Friday, September 8th. ValuEngine cut shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub cut shares of Discovery Communications from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, Royal Bank Of Canada decreased their price target on shares of Discovery Communications from $32.00 to $29.00 and set an “outperform” rating for the company in a report on Thursday, August 17th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.27.
Discovery Communications, Inc. (NASDAQ DISCA) opened at 21.20 on Thursday. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 11.25 and a beta of 1.59. Discovery Communications, Inc. has a 52-week low of $20.53 and a 52-week high of $30.25. The company has a 50-day moving average of $23.18 and a 200 day moving average of $26.17.
Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings data on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.04). The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.76 billion. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 EPS. On average, equities research analysts anticipate that Discovery Communications, Inc. will post $2.24 EPS for the current year.
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.
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