Geode Capital Management LLC lessened its position in Discovery Communications Inc. (NASDAQ:DISCK) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,308,226 shares of the company’s stock after selling 14,203 shares during the quarter. Geode Capital Management LLC owned 0.61% of Discovery Communications worth $48,767,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Cohen Klingenstein LLC purchased a new position in Discovery Communications in the 4th quarter worth about $204,000. Creative Planning purchased a new position in Discovery Communications in the 4th quarter worth about $207,000. Mint Tower Capital Management B.V. purchased a new position in Discovery Communications in the 3rd quarter worth about $215,000. Bfsg LLC purchased a new position in Discovery Communications in the 4th quarter worth about $243,000. Finally, Gyroscope Capital Management Group LLC purchased a new position in Discovery Communications in the 3rd quarter worth about $248,000. Hedge funds and other institutional investors own 51.80% of the company’s stock.
Several research analysts recently commented on the stock. BidaskClub raised shares of Discovery Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, January 23rd. ValuEngine downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Morgan Stanley raised their price target on shares of Discovery Communications from $22.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Finally, Zacks Investment Research raised shares of Discovery Communications from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Five equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average target price of $29.00.
NASDAQ DISCK remained flat at $$20.73 during trading on Friday. 3,982,367 shares of the company’s stock were exchanged, compared to its average volume of 5,732,211. The company has a quick ratio of 5.34, a current ratio of 5.34 and a debt-to-equity ratio of 3.20. The stock has a market cap of $7,916.93, a P/E ratio of 10.42 and a beta of 1.46. Discovery Communications Inc. has a 1-year low of $14.99 and a 1-year high of $29.18.
Discovery Communications (NASDAQ:DISCK) last posted its earnings results on Tuesday, February 27th. The company reported $0.47 EPS for the quarter. The business had revenue of $1.86 billion for the quarter. Discovery Communications had a negative net margin of 4.90% and a positive return on equity of 21.68%.
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Discovery Communications Company 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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