HM Payson & Co. trimmed its holdings in Discovery Communications, Inc. (NASDAQ:DISCA) by 22.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,382 shares of the company’s stock after selling 17,554 shares during the quarter. HM Payson & Co.’s holdings in Discovery Communications were worth $1,285,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in DISCA. Tower Research Capital LLC TRC boosted its holdings in Discovery Communications by 437.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,969 shares of the company’s stock valued at $102,000 after purchasing an additional 3,230 shares in the last quarter. Ballentine Partners LLC acquired a new position in Discovery Communications in the second quarter valued at approximately $133,000. Montag A & Associates Inc. acquired a new position in Discovery Communications in the second quarter valued at approximately $209,000. OLD National Bancorp IN acquired a new position in Discovery Communications in the third quarter valued at approximately $222,000. Finally, MUFG Americas Holdings Corp boosted its holdings in Discovery Communications by 13.9% in the second quarter. MUFG Americas Holdings Corp now owns 8,997 shares of the company’s stock valued at $232,000 after purchasing an additional 1,100 shares in the last quarter. 45.81% of the stock is owned by hedge funds and other institutional investors.
In other Discovery Communications news, insider Paul J. Guagliardo acquired 10,000 shares of the business’s stock in a transaction on Friday, August 18th. The stock was purchased at an average price of $22.71 per share, for a total transaction of $227,100.00. Following the completion of the transaction, the insider now owns 10,000 shares of the company’s stock, valued at approximately $227,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Gunnar Wiedenfels acquired 15,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was acquired at an average price of $21.70 per share, with a total value of $325,500.00. Following the transaction, the chief financial officer now directly owns 35,000 shares of the company’s stock, valued at approximately $759,500. The disclosure for this purchase can be found here. Insiders acquired 220,000 shares of company stock valued at $3,624,350 in the last quarter. 6.81% of the stock is currently owned by company insiders.
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DISCA has been the subject of a number of research analyst reports. Wells Fargo & Company initiated coverage on Discovery Communications in a report on Thursday, July 20th. They issued a “market perform” rating and a $28.00 price target for the company. Credit Suisse Group reissued an “underperform” rating and issued a $24.00 price objective on shares of Discovery Communications in a report on Saturday, July 22nd. BidaskClub downgraded Discovery Communications from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Citigroup Inc. raised Discovery Communications from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $30.00 to $29.00 in a report on Tuesday, August 1st. Finally, FBR & Co decreased their price objective on Discovery Communications from $30.00 to $28.00 and set a “mkt perform” rating for the company in a report on Tuesday, August 1st. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. Discovery Communications currently has an average rating of “Hold” and an average price target of $24.27.
Discovery Communications, Inc. (DISCA) traded up $0.02 during trading 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 stock has a market capitalization of $6,515.94, a PE ratio of 8.26, a PEG ratio of 0.92 and a beta of 1.55. The company has a debt-to-equity ratio of 2.56, a current ratio of 5.87 and a quick ratio of 5.87. Discovery Communications, Inc. has a twelve month low of $16.20 and a twelve month high of $30.25.
Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.12). The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS. sell-side analysts expect that Discovery Communications, Inc. will post 2.05 EPS for the current fiscal year.
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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