Tealwood Asset Management Inc. raised its stake in shares of Discovery Communications, Inc. (NASDAQ:DISCA) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,048 shares of the company’s stock after buying an additional 1,309 shares during the period. Tealwood Asset Management Inc.’s holdings in Discovery Communications were worth $1,629,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in DISCA. Kentucky Retirement Systems purchased a new stake in Discovery Communications during the fourth quarter worth about $302,000. Teachers Advisors LLC raised its stake in Discovery Communications by 5.1% in the fourth quarter. Teachers Advisors LLC now owns 316,997 shares of the company’s stock worth $8,689,000 after buying an additional 15,272 shares in the last quarter. Auxier Asset Management raised its stake in Discovery Communications by 2.6% in the fourth quarter. Auxier Asset Management now owns 207,836 shares of the company’s stock worth $5,697,000 after buying an additional 5,350 shares in the last quarter. USA Financial Portformulas Corp purchased a new stake in Discovery Communications during the fourth quarter worth about $250,000. Finally, UBS Asset Management Americas Inc. raised its stake in Discovery Communications by 3.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,038,265 shares of the company’s stock worth $28,458,000 after buying an additional 35,018 shares in the last quarter. 44.21% of the stock is owned by institutional investors and hedge funds.
Shares of Discovery Communications, Inc. (DISCA) traded up 4.319% on Wednesday, hitting $27.175. 5,667,346 shares of the stock traded hands. Discovery Communications, Inc. has a 52 week low of $23.96 and a 52 week high of $30.25. The firm has a market capitalization of $12.04 billion, a PE ratio of 14.213 and a beta of 1.60. The firm’s 50 day moving average is $26.16 and its 200 day moving average is $27.44.
Discovery Communications (NASDAQ:DISCA) last posted 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 $0.49 by $0.08. Discovery Communications had a net margin of 17.50% and a return on equity of 23.67%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the business earned $0.46 earnings per share. Discovery Communications’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts expect that Discovery Communications, Inc. will post $2.26 EPS for the current fiscal year.
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DISCA has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Discovery Communications from a “c+” rating to a “b-” rating in a report on Thursday, April 20th. Royal Bank Of Canada set a $32.00 price target on shares of Discovery Communications and gave the company a “buy” rating in a report on Monday, June 12th. BidaskClub upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. ValuEngine lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Pivotal Research restated a “hold” rating and set a $28.00 price target (up previously from $27.00) on shares of Discovery Communications in a report on Sunday, April 23rd. Six analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $28.63.
In other news, Director Paul A. Gould sold 8,832 shares of Discovery Communications stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $25.98, for a total value of $229,455.36. Following the sale, the director now directly owns 188,676 shares in the company, valued at $4,901,802.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bruce Campbell sold 9,283 shares of Discovery Communications 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. 5.78% of the stock is owned by company insiders.
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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