Discovery Communications, Inc. (DISCA) Stake Lowered by New York State Teachers Retirement System

New York State Teachers Retirement System cut its holdings in Discovery Communications, Inc. (NASDAQ:DISCA) by 6.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 263,256 shares of the company’s stock after selling 16,790 shares during the period. New York State Teachers Retirement System’s holdings in Discovery Communications were worth $5,605,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Discovery Communications by 5.9% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,841,677 shares of the company’s stock valued at $39,210,000 after acquiring an additional 102,889 shares during the period. Victory Capital Management Inc. increased its stake in Discovery Communications by 40.9% during the third quarter. Victory Capital Management Inc. now owns 69,958 shares of the company’s stock valued at $1,489,000 after acquiring an additional 20,303 shares during the period. OLD National Bancorp IN bought a new position in Discovery Communications during the third quarter valued at about $222,000. Crossmark Global Holdings Inc. bought a new position in Discovery Communications during the third quarter valued at about $575,000. Finally, Murphy Pohlad Asset Management LLC increased its stake in Discovery Communications by 160.5% during the third quarter. Murphy Pohlad Asset Management LLC now owns 43,276 shares of the company’s stock valued at $921,000 after acquiring an additional 26,665 shares during the period. Institutional investors and hedge funds own 45.81% of the company’s stock.

Discovery Communications, Inc. (NASDAQ:DISCA) opened at $17.19 on Friday. The company has a market capitalization of $6,508.36, a P/E ratio of 8.25, a PEG ratio of 0.92 and a beta of 1.55. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 2.56. Discovery Communications, Inc. has a 1-year low of $16.20 and a 1-year high of $30.25.

Discovery Communications (NASDAQ:DISCA) last announced its earnings results on Thursday, November 2nd. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.12). Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the firm earned $0.47 earnings per share. The firm’s revenue was up 6.1% compared to the same quarter last year. research analysts anticipate that Discovery Communications, Inc. will post 2.05 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on the company. B. Riley restated a “neutral” rating and set a $19.00 price target (down from $23.00) on shares of Discovery Communications in a research note on Wednesday, November 1st. Royal Bank Of Canada restated an “outperform” rating and set a $24.00 price target (down from $29.00) on shares of Discovery Communications in a research note on Friday, November 3rd. Barrington Research restated a “market perform” rating on shares of Discovery Communications in a research note on Wednesday, August 2nd. Loop Capital lowered their price target on Discovery Communications from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, November 3rd. Finally, Piper Jaffray Companies assumed coverage on Discovery Communications in a research note on Friday, August 11th. They set a “neutral” rating and a $27.00 price target on the stock. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. Discovery Communications presently has a consensus rating of “Hold” and a consensus price target of $24.27.

In other news, insider Paul J. Guagliardo acquired 10,000 shares of Discovery Communications 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 acquisition, the insider now owns 10,000 shares in the company, valued at $227,100. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Gunnar Wiedenfels acquired 15,000 shares of Discovery Communications stock in a transaction on Tuesday, August 15th. The shares were purchased at an average cost of $21.70 per share, for a total transaction of $325,500.00. Following the acquisition, the chief financial officer now owns 35,000 shares in the company, valued at approximately $759,500. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 220,000 shares of company stock worth $3,624,350. Company insiders own 6.81% of the company’s stock.

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About Discovery Communications

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

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