Brown Advisory Inc. Has $26.18 Million Holdings in Discovery Communications Inc. (DISCA)

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.

TRADEMARK VIOLATION NOTICE: This story was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. & international trademark and copyright laws. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/02/24/brown-advisory-inc-has-26-18-million-holdings-in-discovery-communications-inc-disca.html.

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.

Want to see what other hedge funds are holding DISCA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Discovery Communications Inc. (NASDAQ:DISCA).

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

Receive News & Ratings for Discovery Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply