Stifel Financial Corp Sells 35,920 Shares of Discovery Communications, Inc. (NASDAQ:DISCK)

Stifel Financial Corp trimmed its position in shares of Discovery Communications, Inc. (NASDAQ:DISCK) by 35.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,726 shares of the company’s stock after selling 35,920 shares during the period. Stifel Financial Corp’s holdings in Discovery Communications were worth $1,681,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Swiss National Bank lifted its position in Discovery Communications by 0.8% during the 2nd quarter. Swiss National Bank now owns 795,274 shares of the company’s stock worth $20,049,000 after acquiring an additional 6,300 shares during the last quarter. Seizert Capital Partners LLC lifted its position in Discovery Communications by 11.2% during the 2nd quarter. Seizert Capital Partners LLC now owns 3,237,316 shares of the company’s stock worth $81,613,000 after acquiring an additional 325,593 shares during the last quarter. Teachers Advisors LLC lifted its position in Discovery Communications by 1.1% during the 1st quarter. Teachers Advisors LLC now owns 472,618 shares of the company’s stock worth $13,380,000 after acquiring an additional 5,324 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its position in Discovery Communications by 482.6% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 35,398 shares of the company’s stock worth $892,000 after acquiring an additional 29,322 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Discovery Communications by 24.7% during the 2nd quarter. First Trust Advisors LP now owns 139,982 shares of the company’s stock worth $3,529,000 after acquiring an additional 27,714 shares during the last quarter. Institutional investors and hedge funds own 45.45% of the company’s stock.

Shares of Discovery Communications, Inc. (DISCK) opened at 18.27 on Friday. Discovery Communications, Inc. has a 12-month low of $17.58 and a 12-month high of $29.18. The firm has a market capitalization of $10.41 billion, a price-to-earnings ratio of 9.69 and a beta of 1.43. The firm has a 50-day moving average of $19.67 and a 200 day moving average of $23.59.

Discovery Communications (NASDAQ:DISCK) last issued its earnings results on Monday, July 31st. The company reported $0.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.04). Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The business had revenue of $1.75 billion during the quarter. On average, equities research analysts expect that Discovery Communications, Inc. will post $2.23 earnings per share for the current year.

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DISCK has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Thursday, July 20th. ValuEngine cut shares of Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub cut shares of Discovery Communications from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Barrington Research reissued a “market perform” rating on shares of Discovery Communications in a research note on Tuesday, August 1st. Finally, Morgan Stanley cut their price objective on shares of Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Discovery Communications presently has a consensus rating of “Hold” and a consensus target price of $25.50.

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.

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

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