State of Alaska Department of Revenue raised its position in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 11.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,101 shares of the company’s stock after acquiring an additional 2,901 shares during the quarter. State of Alaska Department of Revenue’s holdings in Discovery Communications were worth $748,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of DISCA. Horizon Investments LLC bought a new stake in Discovery Communications during the 1st quarter valued at approximately $308,000. Mint Tower Capital Management B.V. bought a new stake in Discovery Communications during the 1st quarter valued at approximately $80,000. Amundi Pioneer Asset Management Inc. boosted its position in Discovery Communications by 92.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 199,431 shares of the company’s stock valued at $5,390,000 after acquiring an additional 96,008 shares in the last quarter. Anderson Hoagland & Co. boosted its position in Discovery Communications by 167.0% during the 2nd quarter. Anderson Hoagland & Co. now owns 91,168 shares of the company’s stock valued at $2,485,000 after acquiring an additional 57,023 shares in the last quarter. Finally, DNB Asset Management AS boosted its position in Discovery Communications by 45.6% during the 2nd quarter. DNB Asset Management AS now owns 89,335 shares of the company’s stock valued at $2,743,000 after acquiring an additional 27,998 shares in the last quarter. 34.01% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently commented on DISCA shares. ValuEngine raised Discovery Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Imperial Capital dropped their price target on Discovery Communications from $30.00 to $29.00 and set an “inline” rating on the stock in a research report on Tuesday, August 27th. BidaskClub cut Discovery Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, August 28th. Finally, Wells Fargo & Co started coverage on Discovery Communications in a research report on Monday, September 23rd. They issued an “outperform” rating and a $35.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Discovery Communications currently has a consensus rating of “Hold” and a consensus price target of $33.90.
Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.01). The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.89 billion. Discovery Communications had a net margin of 15.62% and a return on equity of 21.53%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.77 earnings per share. On average, equities analysts anticipate that Discovery Communications Inc. will post 3.62 EPS for the current year.
In other Discovery Communications news, General Counsel Savalle Sims sold 3,085 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $30.18, for a total transaction of $93,105.30. Following the completion of the sale, the general counsel now directly owns 46,388 shares in the company, valued at approximately $1,399,989.84. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Daniel E. Sanchez sold 1,059 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $28.40, for a total transaction of $30,075.60. Following the sale, the director now owns 16,789 shares of the company’s stock, valued at $476,807.60. The disclosure for this sale can be found here. Corporate insiders own 4.43% of the company’s stock.
Discovery Communications Company 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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