Discovery Communications, Inc. (NASDAQ:DISCK) Position Boosted by Fmr LLC

FMR LLC boosted its stake in shares of Discovery Communications, Inc. (NASDAQ:DISCK) by 55.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 662,747 shares of the company’s stock after buying an additional 236,392 shares during the period. FMR LLC owned 0.11% of Discovery Communications worth $18,763,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Seizert Capital Partners LLC raised its stake in shares of Discovery Communications by 57.0% in the first quarter. Seizert Capital Partners LLC now owns 2,911,723 shares of the company’s stock valued at $82,431,000 after buying an additional 1,057,066 shares during the last quarter. First Manhattan Co. raised its stake in shares of Discovery Communications by 16.7% in the first quarter. First Manhattan Co. now owns 2,194,706 shares of the company’s stock valued at $57,742,000 after buying an additional 314,648 shares during the last quarter. Confluence Investment Management LLC raised its stake in shares of Discovery Communications by 11.1% in the first quarter. Confluence Investment Management LLC now owns 1,960,436 shares of the company’s stock valued at $55,500,000 after buying an additional 196,168 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Discovery Communications by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,479,476 shares of the company’s stock valued at $39,624,000 after buying an additional 26,951 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Discovery Communications during the fourth quarter valued at about $35,163,000. Hedge funds and other institutional investors own 46.79% of the company’s stock.

Discovery Communications, Inc. (NASDAQ DISCK) opened at 25.50 on Friday. Discovery Communications, Inc. has a one year low of $23.24 and a one year high of $29.18. The company has a market capitalization of $11.30 billion, a P/E ratio of 13.34 and a beta of 1.49. The firm has a 50-day moving average of $25.38 and a 200 day moving average of $26.69.

Discovery Communications (NASDAQ:DISCK) last released its earnings results on Tuesday, May 9th. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.09. Discovery Communications had a return on equity of 23.67% and a net margin of 17.50%. The firm had revenue of $1.61 billion for the quarter. On average, equities analysts forecast that Discovery Communications, Inc. will post $2.26 EPS for the current fiscal year.

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A number of research firms recently weighed in on DISCK. BidaskClub lowered shares of Discovery Communications from a “hold” rating to a “sell” rating in a research note on Thursday. TheStreet upgraded shares of Discovery Communications from a “c+” rating to a “b-” rating in a research note on Monday, April 10th. Zacks Investment Research upgraded shares of Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Thursday, July 20th. Finally, ValuEngine lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.

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.