Insider Selling: DISCOVERY COMMUNICATIONS INC. Common Stock (DISCA) Insider Sells 7,233 Shares of Stock

DISCOVERY COMMUNICATIONS INC. Common Stock (NASDAQ:DISCA) insider Kurt Wehner sold 7,233 shares of DISCOVERY COMMUNICATIONS INC. Common Stock stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $30.04, for a total value of $217,279.32. Following the completion of the sale, the insider now owns 18,844 shares of the company’s stock, valued at approximately $566,073.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

DISCOVERY COMMUNICATIONS INC. Common Stock stock opened at $32.18 on Friday. The company has a market cap of $16.04 billion, a P/E ratio of 14.37, a P/E/G ratio of 0.53 and a beta of 1.49. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.84. DISCOVERY COMMUNICATIONS INC. Common Stock has a one year low of $15.99 and a one year high of $32.65.

DISCOVERY COMMUNICATIONS INC. Common Stock (NASDAQ:DISCA) last released its quarterly earnings results on Tuesday, August 7th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.18). The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. DISCOVERY COMMUNICATIONS INC. Common Stock had a positive return on equity of 17.68% and a negative net margin of 8.28%. sell-side analysts expect that DISCOVERY COMMUNICATIONS INC. Common Stock will post 2.63 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Dupont Capital Management Corp raised its position in shares of DISCOVERY COMMUNICATIONS INC. Common Stock by 108.8% in the 2nd quarter. Dupont Capital Management Corp now owns 6,010 shares of the company’s stock valued at $165,000 after purchasing an additional 3,132 shares in the last quarter. Greenleaf Trust raised its position in shares of DISCOVERY COMMUNICATIONS INC. Common Stock by 167.5% in the 2nd quarter. Greenleaf Trust now owns 7,585 shares of the company’s stock valued at $209,000 after purchasing an additional 4,750 shares in the last quarter. Flossbach Von Storch AG acquired a new position in shares of DISCOVERY COMMUNICATIONS INC. Common Stock in the 2nd quarter valued at approximately $223,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of DISCOVERY COMMUNICATIONS INC. Common Stock in the 2nd quarter valued at approximately $260,000. Finally, First Mercantile Trust Co. raised its position in shares of DISCOVERY COMMUNICATIONS INC. Common Stock by 33.5% in the 1st quarter. First Mercantile Trust Co. now owns 10,600 shares of the company’s stock valued at $227,000 after purchasing an additional 2,660 shares in the last quarter. 37.34% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on DISCA shares. Zacks Investment Research cut DISCOVERY COMMUNICATIONS INC. Common Stock from a “buy” rating to a “hold” rating in a report on Wednesday, May 23rd. BidaskClub cut DISCOVERY COMMUNICATIONS INC. Common Stock from a “hold” rating to a “sell” rating in a report on Saturday, May 26th. Pivotal Research upgraded DISCOVERY COMMUNICATIONS INC. Common Stock from a “hold” rating to a “buy” rating and boosted their target price for the stock from $24.00 to $28.00 in a report on Monday, June 4th. MKM Partners upgraded DISCOVERY COMMUNICATIONS INC. Common Stock from a “neutral” rating to a “buy” rating and set a $28.00 target price for the company in a report on Tuesday, June 5th. Finally, ValuEngine upgraded DISCOVERY COMMUNICATIONS INC. Common Stock from a “strong sell” rating to a “sell” rating in a report on Saturday, June 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. DISCOVERY COMMUNICATIONS INC. Common Stock currently has an average rating of “Buy” and a consensus target price of $28.18.

DISCOVERY COMMUNICATIONS INC. Common Stock Company Profile

Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, The Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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Insider Buying and Selling by Quarter for DISCOVERY COMMUNICATIONS INC. Common Stock (NASDAQ:DISCA)

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