Pacer Advisors Inc. decreased its position in Discovery Communications Inc. (NASDAQ:DISCA) by 0.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 188,693 shares of the company’s stock after selling 1,121 shares during the quarter. Pacer Advisors Inc.’s holdings in Discovery Communications were worth $5,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Anderson Hoagland & Co. increased its position in shares of Discovery Communications by 0.6% during the 3rd quarter. Anderson Hoagland & Co. now owns 91,670 shares of the company’s stock valued at $2,530,000 after purchasing an additional 502 shares during the last quarter. Polianta Ltd bought a new position in shares of Discovery Communications during the 3rd quarter valued at approximately $1,099,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in shares of Discovery Communications by 19.7% during the 3rd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 10,664 shares of the company’s stock valued at $283,000 after purchasing an additional 1,753 shares during the last quarter. Douglass Winthrop Advisors LLC bought a new position in shares of Discovery Communications during the 3rd quarter valued at approximately $413,000. Finally, First Hawaiian Bank increased its position in shares of Discovery Communications by 19.4% during the 3rd quarter. First Hawaiian Bank now owns 11,043 shares of the company’s stock valued at $294,000 after purchasing an additional 1,796 shares during the last quarter. 34.00% of the stock is currently owned by hedge funds and other institutional investors.
DISCA has been the subject of a number of recent analyst reports. Wells Fargo & Co initiated coverage on Discovery Communications in a report on Monday, September 23rd. They set an “outperform” rating and a $35.00 price objective for the company. Imperial Capital dropped their price objective on Discovery Communications from $30.00 to $29.00 and set an “inline” rating for the company in a report on Tuesday, August 27th. BidaskClub cut Discovery Communications from a “hold” rating to a “sell” rating in a report on Wednesday, August 28th. Finally, ValuEngine upgraded Discovery Communications from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Discovery Communications presently has an average rating of “Hold” and an average target price of $33.90.
DISCA opened at $27.97 on Friday. Discovery Communications Inc. has a 52-week low of $23.79 and a 52-week high of $34.89. The stock has a market cap of $15.04 billion, a P/E ratio of 13.26, a PEG ratio of 0.39 and a beta of 1.53. The business has a fifty day moving average of $27.18 and a 200 day moving average of $28.87. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.32.
Discovery Communications (NASDAQ:DISCA) last issued its earnings results on Tuesday, August 6th. The company reported $0.98 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by ($0.01). Discovery Communications had a return on equity of 21.53% and a net margin of 15.62%. The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. Discovery Communications’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities analysts anticipate that Discovery Communications Inc. will post 3.62 EPS for the current fiscal year.
In other Discovery Communications news, Director Daniel E. Sanchez sold 1,059 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $28.40, for a total value of $30,075.60. Following the completion of the sale, the director now directly owns 16,789 shares in the company, valued at approximately $476,807.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Savalle Sims sold 3,085 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $30.18, for a total value of $93,105.30. Following the completion of the sale, the general counsel now owns 46,388 shares of the company’s stock, valued at $1,399,989.84. The disclosure for this sale can be found here. 4.43% of the stock is currently owned by corporate insiders.
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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