R.H. Dinel Investment Counsel Inc. decreased its position in Discovery Communications Inc. (NASDAQ:DISCA) by 7.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,425 shares of the company’s stock after selling 875 shares during the quarter. R.H. Dinel Investment Counsel Inc.’s holdings in Discovery Communications were worth $320,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in DISCA. Voit & Company LLC increased its stake in shares of Discovery Communications by 3.2% during the 1st quarter. Voit & Company LLC now owns 15,900 shares of the company’s stock valued at $430,000 after acquiring an additional 500 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Discovery Communications by 4.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 74,397 shares of the company’s stock worth $2,010,000 after purchasing an additional 3,508 shares during the period. DNB Asset Management AS grew its holdings in shares of Discovery Communications by 342.3% during the 1st quarter. DNB Asset Management AS now owns 61,337 shares of the company’s stock worth $1,657,000 after purchasing an additional 47,470 shares during the period. US Bancorp DE grew its holdings in shares of Discovery Communications by 291.4% during the 1st quarter. US Bancorp DE now owns 55,249 shares of the company’s stock worth $1,493,000 after purchasing an additional 41,133 shares during the period. Finally, Inlet Private Wealth LLC purchased a new stake in shares of Discovery Communications during the 1st quarter worth about $203,000. 35.17% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on the company. ValuEngine cut Discovery Communications from a “hold” rating to a “sell” rating in a report on Monday, May 13th. Imperial Capital boosted their target price on Discovery Communications from $29.00 to $30.00 and gave the stock an “in-line” rating in a report on Monday, June 24th. BidaskClub cut Discovery Communications from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, Wolfe Research cut Discovery Communications from an “outperform” rating to a “peer perform” rating in a report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $33.89.

NASDAQ DISCA traded up $0.19 on Tuesday, reaching $29.44. The company had a trading volume of 263,136 shares, compared to its average volume of 4,345,310. The firm has a market capitalization of $15.46 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 0.41 and a beta of 1.53. Discovery Communications Inc. has a 1 year low of $23.79 and a 1 year high of $34.89. The firm’s 50-day moving average is $30.79. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.32.

Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.98 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.01). The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Discovery Communications had a return on equity of 21.53% and a net margin of 15.62%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 EPS. As a group, analysts forecast that Discovery Communications Inc. will post 3.76 earnings per share for the current fiscal year.

In other news, insider Bruce Campbell sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $28.89, for a total transaction of $288,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Peter Faricy bought 35,900 shares of Discovery Communications stock in a transaction dated Tuesday, May 28th. The shares were acquired at an average price of $27.91 per share, with a total value of $1,001,969.00. Following the completion of the purchase, the chief executive officer now owns 182,367 shares in the company, valued at approximately $5,089,862.97. The disclosure for this purchase can be found here. 4.43% of the stock is owned by corporate insiders.

About Discovery Communications

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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Institutional Ownership by Quarter for Discovery Communications (NASDAQ:DISCA)

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