Texas Permanent School Fund Reduces Stock Position in Discovery Communications Inc. (NASDAQ:DISCA)

Texas Permanent School Fund lessened its stake in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,438 shares of the company’s stock after selling 1,003 shares during the quarter. Texas Permanent School Fund’s holdings in Discovery Communications were worth $784,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DISCA. CSat Investment Advisory L.P. raised its stake in Discovery Communications by 89.5% during the 2nd quarter. CSat Investment Advisory L.P. now owns 902 shares of the company’s stock worth $28,000 after acquiring an additional 426 shares during the period. Redhawk Wealth Advisors Inc. bought a new stake in Discovery Communications during the 2nd quarter worth approximately $30,000. Parkside Financial Bank & Trust raised its stake in Discovery Communications by 131.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,013 shares of the company’s stock worth $31,000 after acquiring an additional 576 shares during the period. Steward Partners Investment Advisory LLC raised its stake in Discovery Communications by 558.7% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 1,133 shares of the company’s stock worth $30,000 after acquiring an additional 961 shares during the period. Finally, Duncker Streett & Co. Inc. bought a new stake in Discovery Communications during the 2nd quarter worth approximately $37,000. 33.94% of the stock is currently owned by institutional investors.

In other news, Director Daniel E. Sanchez sold 1,059 shares of Discovery Communications stock in a transaction that occurred 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 in the company, valued at $476,807.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 4.43% of the company’s stock.

A number of research firms have commented on DISCA. UBS Group raised their target price on shares of Discovery Communications from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday. Imperial Capital upgraded shares of Discovery Communications from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $29.00 to $34.00 in a research note on Tuesday, October 22nd. Rosenblatt Securities raised their target price on shares of Discovery Communications from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Sunday. ValuEngine upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Barrington Research restated a “buy” rating and set a $40.00 target price on shares of Discovery Communications in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $34.82.

Shares of Discovery Communications stock traded down $0.86 on Wednesday, hitting $29.88. 6,239,500 shares of the company traded hands, compared to its average volume of 3,935,854. The stock has a market capitalization of $16.62 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 0.44 and a beta of 1.55. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.52 and a current ratio of 1.52. Discovery Communications Inc. has a 52 week low of $23.79 and a 52 week high of $32.87. The business has a 50-day simple moving average of $27.68 and a 200 day simple moving average of $28.76.

Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.05. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Discovery Communications had a net margin of 16.81% and a return on equity of 23.29%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 earnings per share. Research analysts expect that Discovery Communications Inc. will post 3.63 earnings per share for the current year.

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.

Recommended Story: How to Track your Portfolio in Google Finance

Want to see what other hedge funds are holding DISCA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Discovery Communications Inc. (NASDAQ:DISCA).

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

Receive News & Ratings for Discovery Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications and related companies with MarketBeat.com's FREE daily email newsletter.