Morgan Stanley Lowers Position in Discovery Communications Inc. (NASDAQ:DISCA)

Morgan Stanley decreased its holdings in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 16.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,044,488 shares of the company’s stock after selling 208,337 shares during the quarter. Morgan Stanley owned 0.20% of Discovery Communications worth $20,306,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DISCA. BancorpSouth Bank lifted its position in Discovery Communications by 3.3% during the first quarter. BancorpSouth Bank now owns 18,156 shares of the company’s stock valued at $353,000 after purchasing an additional 585 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Discovery Communications by 7.4% during the 4th quarter. Private Advisor Group LLC now owns 9,942 shares of the company’s stock worth $326,000 after acquiring an additional 685 shares during the last quarter. Texas Permanent School Fund lifted its holdings in shares of Discovery Communications by 2.6% during the 1st quarter. Texas Permanent School Fund now owns 28,706 shares of the company’s stock worth $558,000 after acquiring an additional 724 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Discovery Communications by 7.4% in the first quarter. Commonwealth Equity Services LLC now owns 11,861 shares of the company’s stock worth $230,000 after acquiring an additional 820 shares in the last quarter. Finally, Osborn Williams & Donohoe LLC increased its stake in Discovery Communications by 6.5% in the fourth quarter. Osborn Williams & Donohoe LLC now owns 14,785 shares of the company’s stock valued at $484,000 after acquiring an additional 900 shares during the last quarter. 36.27% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director John C. Malone sold 5,229 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $21.44, for a total value of $112,109.76. Following the completion of the sale, the director now directly owns 780,591 shares of the company’s stock, valued at approximately $16,735,871.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 5.88% of the company’s stock.

DISCA has been the subject of a number of research reports. Royal Bank of Canada reiterated a “buy” rating and issued a $26.00 price objective on shares of Discovery Communications in a report on Thursday, May 7th. Cfra downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating and decreased their price target for the stock from $28.00 to $22.00 in a research note on Wednesday, May 6th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $24.00 price objective (down previously from $27.00) on shares of Discovery Communications in a research note on Sunday, May 10th. Zacks Investment Research upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating and set a $26.00 target price on the stock in a research report on Monday, June 8th. Finally, ValuEngine lowered shares of Discovery Communications from a “sell” rating to a “strong sell” rating in a research report on Monday, May 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $27.58.

Shares of NASDAQ:DISCA opened at $21.10 on Wednesday. The stock’s 50-day moving average is $21.80 and its 200 day moving average is $25.49. The company has a market cap of $11.06 billion, a PE ratio of 5.74, a P/E/G ratio of 0.58 and a beta of 1.51. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.61 and a quick ratio of 1.61. Discovery Communications Inc. has a 1 year low of $17.12 and a 1 year high of $33.65.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.03. Discovery Communications had a return on equity of 23.40% and a net margin of 18.54%. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the company earned $0.87 EPS. The business’s quarterly revenue was down .9% compared to the same quarter last year. Analysts expect that Discovery Communications Inc. will post 2.92 EPS for the current fiscal year.

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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