Discovery Communications Inc. (NASDAQ:DISCA) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP boosted its stake in Discovery Communications Inc. (NASDAQ:DISCA) by 5.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 537,514 shares of the company’s stock after purchasing an additional 28,873 shares during the period. First Trust Advisors LP’s holdings in Discovery Communications were worth $14,314,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Daiwa Securities Group Inc. increased its holdings in Discovery Communications by 13.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 6,100 shares of the company’s stock valued at $162,000 after purchasing an additional 700 shares during the last quarter. Creative Planning increased its holdings in Discovery Communications by 13.8% in the 3rd quarter. Creative Planning now owns 8,033 shares of the company’s stock valued at $214,000 after purchasing an additional 974 shares during the last quarter. First Mercantile Trust Co. increased its holdings in Discovery Communications by 3.9% in the 3rd quarter. First Mercantile Trust Co. now owns 11,525 shares of the company’s stock valued at $307,000 after purchasing an additional 430 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in Discovery Communications by 182.4% in the 3rd quarter. IFM Investors Pty Ltd now owns 19,564 shares of the company’s stock valued at $521,000 after purchasing an additional 12,637 shares during the last quarter. Finally, Atlas Capital Advisors LLC increased its holdings in Discovery Communications by 14.1% in the 3rd quarter. Atlas Capital Advisors LLC now owns 8,875 shares of the company’s stock valued at $236,000 after purchasing an additional 1,097 shares during the last quarter. Hedge funds and other institutional investors own 33.94% of the company’s stock.

Shares of DISCA stock opened at $29.72 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $15.71 billion, a PE ratio of 14.09, a P/E/G ratio of 0.42 and a beta of 1.55. Discovery Communications Inc. has a 52 week low of $23.79 and a 52 week high of $32.87. The firm has a 50 day moving average of $27.88 and a two-hundred day moving average of $28.74.

Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.67 billion. Discovery Communications had a net margin of 16.81% and a return on equity of 23.29%. Discovery Communications’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.79 earnings per share. Analysts expect that Discovery Communications Inc. will post 3.67 EPS for the current fiscal year.

Several equities analysts have commented on DISCA shares. Imperial Capital raised shares of Discovery Communications from an “in-line” rating to an “outperform” rating and raised their price target for the company from $29.00 to $34.00 in a research report on Tuesday, October 22nd. Wells Fargo & Co started coverage on shares of Discovery Communications in a research report on Monday, September 23rd. They issued an “outperform” rating and a $35.00 price target for the company. Barrington Research reissued a “buy” rating and issued a $40.00 price target on shares of Discovery Communications in a research report on Thursday, November 7th. ValuEngine raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Rosenblatt Securities raised their price target on shares of Discovery Communications from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Sunday, November 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $34.10.

In other Discovery Communications news, Director Daniel E. Sanchez sold 1,059 shares of Discovery Communications stock in a transaction on Monday, August 19th. The shares were sold at an average price of $28.40, for a total value of $30,075.60. Following the transaction, the director now directly owns 16,789 shares in the company, valued at $476,807.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 4.43% of the company’s stock.

Discovery Communications Profile

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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

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