Discovery Communications, Inc. (DISCA) Shares Bought by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio increased its holdings in shares of Discovery Communications, Inc. (NASDAQ:DISCA) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 697,493 shares of the company’s stock after acquiring an additional 2,355 shares during the period. Public Employees Retirement System of Ohio owned about 0.12% of Discovery Communications worth $18,016,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in Discovery Communications by 437.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,969 shares of the company’s stock worth $102,000 after buying an additional 3,230 shares in the last quarter. Ballentine Partners LLC acquired a new position in Discovery Communications during the 2nd quarter worth $133,000. Ameritas Investment Partners Inc. acquired a new position in Discovery Communications during the 1st quarter worth $182,000. Horizon Investment Services LLC acquired a new position in Discovery Communications during the 1st quarter worth $202,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in Discovery Communications by 112.1% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,000 shares of the company’s stock worth $204,000 after buying an additional 3,700 shares in the last quarter. Institutional investors and hedge funds own 45.83% of the company’s stock.
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In other news, Director S Decker Anstrom bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were acquired at an average price of $23.05 per share, for a total transaction of $230,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gunnar Wiedenfels bought 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was purchased at an average price of $23.01 per share, for a total transaction of $460,200.00. Following the acquisition, the chief financial officer now owns 20,000 shares of the company’s stock, valued at $460,200. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 55,000 shares of company stock worth $1,243,300. 6.81% of the stock is owned by company insiders.
Several research firms have issued reports on DISCA. Wells Fargo & Company began coverage on Discovery Communications in a report on Thursday, July 20th. They set a “market perform” rating and a $28.00 price objective on the stock. Credit Suisse Group reaffirmed an “underperform” rating and set a $24.00 price objective on shares of Discovery Communications in a report on Saturday, July 22nd. BidaskClub downgraded Discovery Communications from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Cowen and Company reaffirmed a “hold” rating and set a $29.00 price objective on shares of Discovery Communications in a report on Tuesday, July 11th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $30.00 price objective (down previously from $32.00) on shares of Discovery Communications in a report on Friday, July 14th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. Discovery Communications has an average rating of “Hold” and a consensus price target of $26.57.
Shares of Discovery Communications, Inc. (DISCA) traded down 1.26% during mid-day trading on Tuesday, reaching $18.82. The company had a trading volume of 1,336,466 shares. The stock has a 50 day moving average of $21.33 and a 200-day moving average of $25.03. Discovery Communications, Inc. has a one year low of $18.79 and a one year high of $30.25. The firm has a market capitalization of $10.73 billion, a price-to-earnings ratio of 9.98 and a beta of 1.56.
Discovery Communications (NASDAQ:DISCA) last released its earnings results on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.04). The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.76 billion. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. Discovery Communications’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 EPS. Equities analysts predict that Discovery Communications, Inc. will post $2.22 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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