Teachers Advisors LLC increased its stake in shares of Discovery Communications, Inc. (NASDAQ:DISCK) by 1.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 472,618 shares of the company’s stock after buying an additional 5,324 shares during the period. Teachers Advisors LLC owned approximately 0.08% of Discovery Communications worth $13,380,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Discovery Communications during the fourth quarter worth about $35,163,000. Seizert Capital Partners LLC raised its position 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 worth $82,431,000 after buying an additional 1,057,066 shares during the last quarter. TD Asset Management Inc. raised its position in shares of Discovery Communications by 82.3% in the first quarter. TD Asset Management Inc. now owns 1,057,069 shares of the company’s stock worth $29,926,000 after buying an additional 477,180 shares during the last quarter. First Manhattan Co. raised its position 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 worth $57,742,000 after buying an additional 314,648 shares during the last quarter. Finally, FMR LLC raised its position in shares of Discovery Communications by 55.4% in the first quarter. FMR LLC now owns 662,747 shares of the company’s stock worth $18,763,000 after buying an additional 236,392 shares during the last quarter. 46.96% of the stock is owned by institutional investors.
Discovery Communications (NASDAQ:DISCK) last issued its quarterly earnings data on Tuesday, May 9th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.09. The company had revenue of $1.61 billion for the quarter. Discovery Communications had a net margin of 17.50% and a return on equity of 23.67%.
DISCK has been the subject of a number of recent research reports. ValuEngine lowered Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub downgraded shares of Discovery Communications from a “hold” rating to a “sell” rating in a research report on Thursday. TheStreet raised shares of Discovery Communications from a “c+” rating to a “b-” rating in a research report on Monday, April 10th. Finally, Zacks Investment Research raised shares of Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Thursday, July 20th.
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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