Discovery Communications, Inc. (DISCA) Insider Bruce Campbell Sells 9,283 Shares

Discovery Communications, Inc. (NASDAQ:DISCA) insider Bruce Campbell sold 9,283 shares of Discovery Communications stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $26.43, for a total value of $245,349.69. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Discovery Communications, Inc. (NASDAQ:DISCA) traded down 3.48% during mid-day trading on Tuesday, reaching $25.51. The company had a trading volume of 2,682,613 shares. The firm has a market capitalization of $11.30 billion, a PE ratio of 13.34 and a beta of 1.61. The stock’s 50-day moving average price is $26.31 and its 200 day moving average price is $27.77. Discovery Communications, Inc. has a 52 week low of $23.66 and a 52 week high of $30.25.

Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings data on Tuesday, May 9th. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.08. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Discovery Communications had a net margin of 17.50% and a return on equity of 23.67%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 EPS. On average, equities research analysts predict that Discovery Communications, Inc. will post $2.27 EPS for the current year.

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A number of research analysts have issued reports on DISCA shares. Pivotal Research reiterated a “hold” rating and set a $28.00 price objective (up previously from $27.00) on shares of Discovery Communications in a research note on Sunday, April 23rd. Citigroup Inc. upgraded Discovery Communications from a “sell” rating to a “neutral” rating in a research note on Thursday, April 20th. MKM Partners reiterated a “neutral” rating and set a $30.00 price objective (up previously from $27.00) on shares of Discovery Communications in a research note on Tuesday, May 2nd. Zacks Investment Research cut Discovery Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $28.00 price objective on shares of Discovery Communications in a research note on Wednesday, February 22nd. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $29.07.

Several institutional investors have recently added to or reduced their stakes in the stock. TCW Group Inc. raised its position in Discovery Communications by 0.4% in the fourth quarter. TCW Group Inc. now owns 11,200 shares of the company’s stock worth $307,000 after buying an additional 50 shares during the last quarter. Martingale Asset Management L P raised its position in Discovery Communications by 0.3% in the first quarter. Martingale Asset Management L P now owns 20,553 shares of the company’s stock worth $598,000 after buying an additional 52 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Discovery Communications by 1.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,710 shares of the company’s stock worth $239,000 after buying an additional 92 shares during the last quarter. Cim Investment Mangement Inc. raised its position in Discovery Communications by 1.0% in the fourth quarter. Cim Investment Mangement Inc. now owns 9,555 shares of the company’s stock worth $262,000 after buying an additional 94 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD raised its position in Discovery Communications by 0.9% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,353 shares of the company’s stock worth $330,000 after buying an additional 103 shares during the last quarter. Institutional investors and hedge funds own 44.55% of the company’s stock.

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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