Doyle Wealth Management raised its stake in DISH Network Corporation (NASDAQ:DISH) by 12.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 142,283 shares of the company’s stock after buying an additional 15,391 shares during the period. DISH Network Corporation comprises approximately 1.7% of Doyle Wealth Management’s holdings, making the stock its 26th largest position. Doyle Wealth Management’s holdings in DISH Network Corporation were worth $8,930,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in DISH. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of DISH Network Corporation by 14.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,845 shares of the company’s stock valued at $107,000 after buying an additional 233 shares in the last quarter. Elkfork Partners LLC acquired a new position in shares of DISH Network Corporation during the first quarter valued at about $110,000. Bronfman E.L. Rothschild L.P. boosted its position in shares of DISH Network Corporation by 3,872.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,907 shares of the company’s stock valued at $121,000 after buying an additional 1,859 shares in the last quarter. Meadow Creek Investment Management LLC acquired a new position in shares of DISH Network Corporation during the first quarter valued at about $141,000. Finally, Huntington National Bank boosted its position in shares of DISH Network Corporation by 0.8% in the first quarter. Huntington National Bank now owns 2,319 shares of the company’s stock valued at $147,000 after buying an additional 19 shares in the last quarter. 49.99% of the stock is currently owned by institutional investors.
Shares of DISH Network Corporation (DISH) opened at 59.74 on Thursday. The stock has a 50 day moving average of $63.65 and a 200-day moving average of $62.79. The firm has a market capitalization of $27.83 billion, a PE ratio of 20.18 and a beta of 0.96. DISH Network Corporation has a 52 week low of $48.51 and a 52 week high of $66.50.
DISH Network Corporation (NASDAQ:DISH) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.76 by $0.67. The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.71 billion. DISH Network Corporation had a net margin of 7.21% and a return on equity of 27.88%. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 EPS. Equities analysts anticipate that DISH Network Corporation will post $2.46 earnings per share for the current fiscal year.
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Several research analysts have recently weighed in on the stock. UBS AG reissued a “neutral” rating and issued a $68.00 target price (up from $63.00) on shares of DISH Network Corporation in a research report on Tuesday, May 2nd. Barclays PLC raised shares of DISH Network Corporation from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $62.00 to $74.00 in a research report on Thursday, April 27th. Macquarie reaffirmed a “hold” rating and set a $65.00 price objective on shares of DISH Network Corporation in a research report on Monday, May 1st. Wells Fargo & Company reaffirmed an “outperform” rating on shares of DISH Network Corporation in a research report on Wednesday, June 28th. Finally, Hilliard Lyons downgraded shares of DISH Network Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, May 1st. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $70.31.
In other news, EVP R Stanton Dodge sold 1,000 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $66.20, for a total value of $66,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Roger Lynch sold 25,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $59.73, for a total value of $1,493,250.00. The disclosure for this sale can be found here. In the last three months, insiders sold 26,100 shares of company stock valued at $1,565,779. 49.30% of the stock is currently owned by insiders.
About DISH Network Corporation
DISH Network Corporation is a holding company. The Company operates through two segments: Pay-TV and Broadband, and Wireless. It offers pay-TV services under the DISH brand and the Sling brand (collectively Pay-TV services). The DISH branded pay-TV service consists of Federal Communications Commission (FCC) licenses authorizing it to use direct broadcast satellite and Fixed Satellite Service spectrum, its owned and leased satellites, receiver systems, third-party broadcast operations, customer service facilities, a leased fiber optic network, in-home service and call center operations, and certain other assets utilized in its operations.
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