Thompson Siegel & Walmsley LLC Has $120,000 Stake in Discovery Communications, Inc. (DISCA)

Thompson Siegel & Walmsley LLC held its stake in shares of Discovery Communications, Inc. (NASDAQ:DISCA) during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,636 shares of the company’s stock at the end of the second quarter. Thompson Siegel & Walmsley LLC’s holdings in Discovery Communications were worth $120,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in DISCA. Bank of Montreal Can increased its stake in shares of Discovery Communications by 8.4% during the 1st quarter. Bank of Montreal Can now owns 43,128 shares of the company’s stock worth $1,256,000 after purchasing an additional 3,355 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Discovery Communications during the 1st quarter worth $134,000. Shell Asset Management Co. increased its stake in shares of Discovery Communications by 22.6% during the 1st quarter. Shell Asset Management Co. now owns 14,535 shares of the company’s stock worth $423,000 after purchasing an additional 2,682 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Discovery Communications by 0.9% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,353 shares of the company’s stock worth $330,000 after purchasing an additional 103 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of Discovery Communications by 2.6% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 15,892 shares of the company’s stock worth $462,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 45.85% of the company’s stock.

Shares of Discovery Communications, Inc. (NASDAQ:DISCA) opened at 21.25 on Friday. The firm has a 50-day moving average of $23.50 and a 200-day moving average of $26.34. The company has a market capitalization of $12.11 billion, a P/E ratio of 11.27 and a beta of 1.59. Discovery Communications, Inc. has a one year low of $20.72 and a one year high of $30.25.

Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings data on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by $0.04. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the prior year, the firm earned $0.71 earnings per share. Discovery Communications’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities research analysts expect that Discovery Communications, Inc. will post $2.24 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Thompson Siegel & Walmsley LLC Has $120,000 Stake in Discovery Communications, Inc. (DISCA)” was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are reading this news story on another publication, it was stolen and reposted in violation of United States & international copyright laws. The original version of this news story can be accessed at https://www.themarketsdaily.com/2017/09/10/thompson-siegel-walmsley-llc-has-120000-stake-in-discovery-communications-inc-disca.html.

Several research analysts have recently commented on DISCA shares. Piper Jaffray Companies started coverage on shares of Discovery Communications in a research note on Friday, August 11th. They set a “neutral” rating and a $27.00 price target on the stock. ValuEngine downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $28.00 price objective on shares of Discovery Communications in a report on Friday, June 16th. BidaskClub raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $30.00 price objective (down from $32.00) on shares of Discovery Communications in a report on Friday, July 14th. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $27.27.

In related news, CFO Gunnar Wiedenfels acquired 20,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were purchased at an average cost of $23.01 per share, for a total transaction of $460,200.00. Following the completion of the acquisition, the chief financial officer now directly owns 20,000 shares in the company, valued at $460,200. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Bruce Campbell sold 9,283 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $26.43, for a total transaction of $245,349.69. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 55,000 shares of company stock worth $1,243,300. Corporate insiders own 6.81% of the company’s stock.

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.

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

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

Latest News

Leave a Reply