Ballentine Partners LLC grew its stake in Discovery Communications, Inc. (NASDAQ:DISCA) by 203.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,472 shares of the company’s stock after acquiring an additional 10,365 shares during the quarter. Ballentine Partners LLC’s holdings in Discovery Communications were worth $330,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Discovery Communications by 5.2% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 18,606,223 shares of the company’s stock worth $480,599,000 after purchasing an additional 917,632 shares during the period. Vanguard Group Inc. grew its holdings in shares of Discovery Communications by 5.4% during the 2nd quarter. Vanguard Group Inc. now owns 16,661,316 shares of the company’s stock worth $430,362,000 after purchasing an additional 858,015 shares during the period. BlackRock Inc. grew its holdings in shares of Discovery Communications by 2.0% during the 2nd quarter. BlackRock Inc. now owns 9,533,783 shares of the company’s stock worth $246,259,000 after purchasing an additional 187,781 shares during the period. State Street Corp grew its holdings in shares of Discovery Communications by 5.4% during the 2nd quarter. State Street Corp now owns 7,346,135 shares of the company’s stock worth $189,736,000 after purchasing an additional 376,975 shares during the period. Finally, FMR LLC grew its holdings in shares of Discovery Communications by 32.7% during the 2nd quarter. FMR LLC now owns 4,938,569 shares of the company’s stock worth $127,563,000 after purchasing an additional 1,216,517 shares during the period. 45.81% of the stock is owned by institutional investors and hedge funds.
Discovery Communications, Inc. (DISCA) traded up $0.02 during trading hours on Friday, hitting $17.19. The stock had a trading volume of 3,376,800 shares, compared to its average volume of 6,303,949. The firm has a market capitalization of $6,515.94, a price-to-earnings ratio of 8.26, a P/E/G ratio of 0.92 and a beta of 1.55. The company has a debt-to-equity ratio of 2.56, a quick ratio of 5.87 and a current ratio of 5.87. Discovery Communications, Inc. has a 1-year low of $16.20 and a 1-year high of $30.25.
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 Zacks’ consensus estimate of $0.55 by ($0.12). The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. Discovery Communications had a net margin of 16.63% and a return on equity of 22.24%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 EPS. analysts expect that Discovery Communications, Inc. will post 2.05 earnings per share for the current fiscal year.
In other Discovery Communications news, Director J David Wargo purchased 100,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average cost of $15.76 per share, for a total transaction of $1,576,000.00. Following the completion of the purchase, the director now directly owns 147,591 shares in the company, valued at $2,326,034.16. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul J. Guagliardo purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average price of $22.71 per share, for a total transaction of $227,100.00. Following the completion of the purchase, the insider now owns 10,000 shares of the company’s stock, valued at $227,100. The disclosure for this purchase can be found here. In the last three months, insiders bought 220,000 shares of company stock worth $3,624,350. Corporate insiders own 6.81% of the company’s stock.
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A number of equities analysts recently commented on DISCA shares. Barclays PLC lowered their target price on Discovery Communications from $25.00 to $18.00 and set an “underweight” rating for the company in a report on Friday, October 13th. ValuEngine upgraded Discovery Communications from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Royal Bank Of Canada restated an “outperform” rating and set a $24.00 target price (down from $29.00) on shares of Discovery Communications in a report on Friday, November 3rd. Credit Suisse Group lowered their target price on Discovery Communications from $22.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, November 6th. Finally, UBS AG upgraded Discovery Communications from a “sell” rating to a “neutral” rating and decreased their price objective for the company from $25.00 to $23.00 in a research note on Tuesday, September 26th. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.27.
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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