Mn Services Vermogensbeheer B.V. lifted its position in Discovery Communications Inc. (NASDAQ:DISCA) by 1.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,408 shares of the company’s stock after buying an additional 1,200 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Discovery Communications were worth $2,622,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Thor Advisors LLC bought a new position in Discovery Communications during the first quarter valued at approximately $29,000. Duncker Streett & Co. Inc. purchased a new stake in shares of Discovery Communications during the second quarter valued at approximately $37,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Discovery Communications by 96.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,920 shares of the company’s stock valued at $52,000 after purchasing an additional 945 shares during the period. FTB Advisors Inc. boosted its stake in shares of Discovery Communications by 316.7% during the first quarter. FTB Advisors Inc. now owns 2,963 shares of the company’s stock valued at $78,000 after purchasing an additional 2,252 shares during the period. Finally, Mint Tower Capital Management B.V. purchased a new stake in shares of Discovery Communications during the first quarter valued at approximately $80,000. 35.02% of the stock is currently owned by hedge funds and other institutional investors.
In other Discovery Communications news, insider Bruce Campbell sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $28.89, for a total transaction of $288,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Peter Faricy acquired 35,900 shares of the stock in a transaction on Tuesday, May 28th. The shares were purchased at an average cost of $27.91 per share, with a total value of $1,001,969.00. Following the transaction, the chief executive officer now directly owns 182,367 shares of the company’s stock, valued at approximately $5,089,862.97. The disclosure for this purchase can be found here. Company insiders own 4.43% of the company’s stock.
Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.01). Discovery Communications had a return on equity of 21.53% and a net margin of 15.62%. The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the previous year, the business earned $0.77 EPS. The business’s revenue was up 1.4% compared to the same quarter last year. On average, equities analysts expect that Discovery Communications Inc. will post 3.92 EPS for the current year.
A number of analysts have recently weighed in on the company. Imperial Capital increased their price objective on Discovery Communications from $29.00 to $30.00 and gave the company an “in-line” rating in a research note on Monday, June 24th. Wolfe Research lowered Discovery Communications from an “outperform” rating to a “peer perform” rating in a research note on Thursday, May 30th. ValuEngine lowered Discovery Communications from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. Finally, BidaskClub lowered Discovery Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. Discovery Communications has an average rating of “Buy” and an average target price of $33.89.
Discovery Communications Profile
Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.
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