Discovery Communications Inc. (DISCA) Shares Bought by Empirical Finance LLC
Empirical Finance LLC increased its holdings in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 170.7% during the fourth quarter, HoldingsChannel reports. The firm owned 139,339 shares of the company’s stock after buying an additional 87,872 shares during the period. Discovery Communications comprises 1.0% of Empirical Finance LLC’s portfolio, making the stock its 14th biggest holding. Empirical Finance LLC’s holdings in Discovery Communications were worth $3,118,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Sentry Investment Management LLC lifted its holdings in shares of Discovery Communications by 1.1% during the second quarter. Sentry Investment Management LLC now owns 11,406 shares of the company’s stock valued at $295,000 after purchasing an additional 123 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in Discovery Communications by 0.4% in the second quarter. Thrivent Financial For Lutherans now owns 49,629 shares of the company’s stock valued at $1,282,000 after acquiring an additional 220 shares during the period. Mutual of America Capital Management LLC lifted its holdings in Discovery Communications by 4.0% in the second quarter. Mutual of America Capital Management LLC now owns 18,319 shares of the company’s stock valued at $473,000 after acquiring an additional 704 shares during the period. Nationwide Fund Advisors lifted its holdings in Discovery Communications by 1.2% in the second quarter. Nationwide Fund Advisors now owns 100,173 shares of the company’s stock valued at $2,587,000 after acquiring an additional 1,220 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Discovery Communications by 10.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 13,983 shares of the company’s stock valued at $361,000 after acquiring an additional 1,316 shares during the period. 48.25% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on the company. BidaskClub raised Discovery Communications from a “hold” rating to a “buy” rating in a report on Tuesday, January 23rd. Zacks Investment Research upgraded Discovery Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. Royal Bank of Canada upped their price target on Discovery Communications to $29.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. Wells Fargo & Co restated a “market perform” rating and issued a $25.00 price target (up previously from $18.00) on shares of Discovery Communications in a research report on Thursday, January 4th. Finally, ValuEngine cut Discovery Communications from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company’s stock. Discovery Communications presently has an average rating of “Hold” and a consensus price target of $24.44.
Discovery Communications (NASDAQ:DISCA) last released its earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.12). Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the business posted $0.47 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. research analysts predict that Discovery Communications Inc. will post 1.95 EPS for the current year.
In other Discovery Communications news, insider Bruce Campbell sold 15,976 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $21.50, for a total transaction of $343,484.00. Following the completion of the transaction, the insider now owns 85,298 shares in the company, valued at approximately $1,833,907. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gunnar Wiedenfels purchased 15,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were purchased at an average price of $15.45 per share, with a total value of $231,750.00. Following the acquisition, the chief financial officer now directly owns 50,000 shares in the company, valued at $772,500. The disclosure for this purchase can be found here. Insiders have purchased 527,523 shares of company stock valued at $9,629,104 in the last quarter. 6.81% of the stock is currently owned by company insiders.
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Discovery Communications 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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