Brown Advisory Inc. lessened its holdings in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,169,816 shares of the company’s stock after selling 20,224 shares during the period. Brown Advisory Inc.’s holdings in Discovery Communications were worth $26,181,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Discovery Communications by 0.7% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 18,729,826 shares of the company’s stock valued at $398,758,000 after buying an additional 123,603 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Discovery Communications by 12.2% in the third quarter. Bank of New York Mellon Corp now owns 11,966,987 shares of the company’s stock valued at $254,779,000 after buying an additional 1,297,175 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Discovery Communications by 2.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,030,018 shares of the company’s stock valued at $45,433,000 after buying an additional 56,827 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Discovery Communications by 25.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,881,497 shares of the company’s stock valued at $40,058,000 after buying an additional 383,048 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of Discovery Communications by 5.9% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,841,677 shares of the company’s stock valued at $39,210,000 after buying an additional 102,889 shares during the period. Institutional investors own 47.37% of the company’s stock.
Several analysts have recently weighed in on DISCA shares. Bank of America upgraded Discovery Communications from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Thursday, December 21st. Deutsche Bank cut their price objective on Discovery Communications from $26.00 to $21.00 and set a “hold” rating for the company in a report on Thursday, November 30th. BidaskClub lowered Discovery Communications from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Zacks Investment Research upgraded Discovery Communications from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $24.00 price objective (down previously from $29.00) on shares of Discovery Communications in a report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $24.44.
In related news, Director John C. Malone bought 332,523 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were bought at an average cost of $19.72 per share, with a total value of $6,557,353.56. Following the completion of the transaction, the director now directly owns 671,095 shares of the company’s stock, valued at $13,233,993.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bruce Campbell sold 15,976 shares of the business’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $21.50, for a total value of $343,484.00. Following the sale, the insider now directly owns 85,298 shares in the company, valued at $1,833,907. The disclosure for this sale can be found here. 6.81% of the stock is owned by insiders.
Shares of Discovery Communications Inc. (NASDAQ DISCA) opened at $24.01 on Friday. The stock has a market capitalization of $8,950.00, a price-to-earnings ratio of 18.91, a PEG ratio of 1.21 and a beta of 1.59. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 2.56. Discovery Communications Inc. has a 52-week low of $15.99 and a 52-week high of $30.25.
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About Discovery Communications
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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