Discovery Communications, Inc. (DISCK) Shares Sold by Chevy Chase Trust Holdings Inc.

Chevy Chase Trust Holdings Inc. reduced its stake in shares of Discovery Communications, Inc. (NASDAQ:DISCK) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,732 shares of the company’s stock after selling 5,156 shares during the quarter. Chevy Chase Trust Holdings Inc.’s holdings in Discovery Communications were worth $3,641,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Cadence Capital Management LLC grew its position in Discovery Communications by 0.7% during the 2nd quarter. Cadence Capital Management LLC now owns 8,111 shares of the company’s stock worth $204,000 after purchasing an additional 55 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Discovery Communications by 0.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,866 shares of the company’s stock worth $1,131,000 after purchasing an additional 128 shares during the last quarter. Comerica Bank grew its position in Discovery Communications by 0.7% during the 2nd quarter. Comerica Bank now owns 80,264 shares of the company’s stock worth $2,045,000 after purchasing an additional 555 shares during the last quarter. HighTower Advisors LLC grew its position in Discovery Communications by 0.6% during the 2nd quarter. HighTower Advisors LLC now owns 192,293 shares of the company’s stock worth $4,849,000 after purchasing an additional 1,111 shares during the last quarter. Finally, Profund Advisors LLC grew its position in Discovery Communications by 6.5% during the 2nd quarter. Profund Advisors LLC now owns 19,471 shares of the company’s stock worth $491,000 after purchasing an additional 1,192 shares during the last quarter. Hedge funds and other institutional investors own 48.43% of the company’s stock.

Several brokerages have issued reports on DISCK. Morgan Stanley lowered their price objective on shares of Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 26th. Zacks Investment Research downgraded shares of Discovery Communications from a “hold” rating to a “sell” rating in a research report on Monday, September 25th. ValuEngine downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $25.50.

Discovery Communications, Inc. (NASDAQ DISCK) opened at $19.75 on Friday. Discovery Communications, Inc. has a 52-week low of $14.99 and a 52-week high of $29.18. The company has a debt-to-equity ratio of 2.56, a quick ratio of 5.87 and a current ratio of 5.87. The stock has a market cap of $7,486.32, a price-to-earnings ratio of 9.50 and a beta of 1.42.

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

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