Voya Investment Management LLC Has $3.37 Million Position in Discovery Communications, Inc. (DISCA)

Voya Investment Management LLC lowered its stake in shares of Discovery Communications, Inc. (NASDAQ:DISCA) by 10.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,272 shares of the company’s stock after selling 15,323 shares during the quarter. Voya Investment Management LLC’s holdings in Discovery Communications were worth $3,366,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC boosted its position in Discovery Communications by 5.2% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 18,606,223 shares of the company’s stock worth $480,599,000 after acquiring an additional 917,632 shares during the period. Clearbridge Investments LLC boosted its position in Discovery Communications by 2.3% during the 1st quarter. Clearbridge Investments LLC now owns 17,843,671 shares of the company’s stock worth $519,072,000 after acquiring an additional 399,171 shares during the period. Vanguard Group Inc. boosted its position in Discovery Communications by 5.4% during the 2nd quarter. Vanguard Group Inc. now owns 16,661,316 shares of the company’s stock worth $430,362,000 after acquiring an additional 858,015 shares during the period. BlackRock Inc. boosted its position in Discovery Communications by 2.0% during the 2nd quarter. BlackRock Inc. now owns 9,533,783 shares of the company’s stock worth $246,259,000 after acquiring an additional 187,781 shares during the period. Finally, State Street Corp boosted its position in Discovery Communications by 5.1% during the 1st quarter. State Street Corp now owns 6,969,160 shares of the company’s stock worth $202,733,000 after acquiring an additional 336,015 shares during the period. Institutional investors and hedge funds own 45.84% of the company’s stock.

Shares of Discovery Communications, Inc. (NASDAQ DISCA) opened at 19.24 on Friday. Discovery Communications, Inc. has a 52-week low of $19.01 and a 52-week high of $30.25. The company’s 50-day moving average price is $21.37 and its 200-day moving average price is $25.07. The company has a market capitalization of $10.97 billion, a price-to-earnings ratio of 10.21 and a beta of 1.56.

Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings data on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.04). Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities research analysts forecast that Discovery Communications, Inc. will post $2.22 EPS for the current fiscal year.

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In other news, CFO Gunnar Wiedenfels acquired 20,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was acquired at an average cost of $23.01 per share, for a total transaction of $460,200.00. Following the completion of the transaction, the chief financial officer now directly owns 20,000 shares in the company, valued at $460,200. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul J. Guagliardo acquired 10,000 shares of the stock in a transaction on Friday, August 18th. The shares were purchased at an average price of $22.71 per share, with a total value of $227,100.00. Following the completion of the transaction, the insider now owns 10,000 shares of the company’s stock, valued at $227,100. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 55,000 shares of company stock valued at $1,243,300. Company insiders own 6.81% of the company’s stock.

DISCA has been the subject of a number of analyst reports. Cowen and Company reiterated a “hold” rating and set a $29.00 price target on shares of Discovery Communications in a research report on Tuesday, July 11th. Piper Jaffray Companies initiated coverage on Discovery Communications in a research report on Friday, August 11th. They set a “neutral” rating and a $27.00 price target for the company. Zacks Investment Research upgraded Discovery Communications from a “sell” rating to a “hold” rating in a research report on Thursday. Royal Bank Of Canada reiterated a “buy” rating and set a $32.00 price target on shares of Discovery Communications in a research report on Friday, July 14th. Finally, BidaskClub lowered Discovery Communications from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $26.57.

Discovery Communications 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.

Institutional Ownership by Quarter for Discovery Communications (NASDAQ:DISCA)

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