Gateway Investment Advisers LLC held its stake in shares of Discovery Communications, Inc. (NASDAQ:DISCA) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,381 shares of the company’s stock at the end of the second quarter. Gateway Investment Advisers LLC’s holdings in Discovery Communications were worth $268,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. American International Group Inc. raised its position in Discovery Communications by 0.3% in the first quarter. American International Group Inc. now owns 73,984 shares of the company’s stock valued at $2,152,000 after buying an additional 192 shares during the period. BlackRock Inc. raised its position in Discovery Communications by 2,394.5% in the first quarter. BlackRock Inc. now owns 9,346,002 shares of the company’s stock valued at $271,875,000 after buying an additional 8,971,338 shares during the period. Dimensional Fund Advisors LP raised its position in Discovery Communications by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,036,397 shares of the company’s stock valued at $28,412,000 after buying an additional 7,468 shares during the period. Comerica Bank increased its position in shares of Discovery Communications by 4.6% in the first quarter. Comerica Bank now owns 48,580 shares of the company’s stock valued at $1,428,000 after buying an additional 2,145 shares during the period. Finally, British Columbia Investment Management Corp increased its position in shares of Discovery Communications by 206.7% in the first quarter. British Columbia Investment Management Corp now owns 248,582 shares of the company’s stock valued at $7,231,000 after buying an additional 167,537 shares during the period. 44.31% of the stock is currently owned by institutional investors and hedge funds.
Shares of Discovery Communications, Inc. (NASDAQ:DISCA) traded up 1.94% during mid-day trading on Monday, hitting $24.19. The stock had a trading volume of 4,118,598 shares. Discovery Communications, Inc. has a one year low of $23.77 and a one year high of $30.25. The stock has a market cap of $13.79 billion, a price-to-earnings ratio of 12.83 and a beta of 1.59. The firm has a 50 day moving average of $26.10 and a 200 day moving average of $27.36.
Discovery Communications (NASDAQ:DISCA) last announced its earnings results on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.72 by $0.04. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the company earned $0.71 EPS. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts forecast that Discovery Communications, Inc. will post $2.23 earnings per share for the current year.
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Several research analysts have weighed in on the company. TheStreet downgraded Discovery Communications from a “b-” rating to a “c+” rating in a research note on Thursday, May 18th. MKM Partners restated a “neutral” rating and issued a $26.00 price target (down from $30.00) on shares of Discovery Communications in a research note on Wednesday, August 2nd. Cowen and Company restated a “hold” rating and issued a $29.00 price target on shares of Discovery Communications in a research note on Tuesday, July 11th. Barrington Research reissued a “market perform” rating on shares of Discovery Communications in a report on Wednesday, August 2nd. Finally, BidaskClub cut Discovery Communications from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company’s stock. Discovery Communications presently has a consensus rating of “Hold” and a consensus target price of $28.33.
In related news, Director S Decker Anstrom bought 10,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were purchased at an average price of $23.05 per share, for a total transaction of $230,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Bruce Campbell sold 9,283 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $26.43, for a total transaction of $245,349.69. The disclosure for this sale can be found here. Company insiders own 5.78% of the company’s stock.
About Discovery Communications
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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