Global Financial Private Capital LLC Takes Position in Discovery Communications Inc. (DISCA)

Global Financial Private Capital LLC Takes Position in Discovery Communications Inc. (DISCA)

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC raised its stake in Discovery Communications by 1.4% in the first quarter. TIAA CREF Investment Management LLC now owns 1,613,771 shares of the company’s stock valued at $46,945,000 after buying an additional 21,967 shares during the period. Teachers Advisors LLC raised its stake in Discovery Communications by 2.4% in the first quarter. Teachers Advisors LLC now owns 324,725 shares of the company’s stock valued at $9,446,000 after buying an additional 7,728 shares during the period. Advantus Capital Management Inc raised its stake in Discovery Communications by 0.9% in the first quarter. Advantus Capital Management Inc now owns 15,202 shares of the company’s stock valued at $442,000 after buying an additional 130 shares during the period. FMR LLC raised its stake in Discovery Communications by 22.8% in the first quarter. FMR LLC now owns 3,722,052 shares of the company’s stock valued at $108,275,000 after buying an additional 691,746 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new stake in Discovery Communications during the first quarter valued at about $956,000. Hedge funds and other institutional investors own 41.96% of the company’s stock.

Global Financial Private Capital LLC bought a new position in shares of Discovery Communications Inc. (NASDAQ:DISCA) during the first quarter, Holdings Channel reports. The fund bought 8,725 shares of the company’s stock, valued at approximately $254,000.

Shares of Discovery Communications Inc. (NASDAQ:DISCA) opened at 26.50 on Thursday. The company has a market cap of $11.74 billion, a price-to-earnings ratio of 13.86 and a beta of 1.60. Discovery Communications Inc. has a 12-month low of $23.66 and a 12-month high of $30.25. The company’s 50-day moving average is $27.23 and its 200-day moving average is $27.88.

Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.08. Discovery Communications had a net margin of 17.14% and a return on equity of 22.76%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the company earned $0.46 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. Equities research analysts predict that Discovery Communications Inc. will post $2.28 earnings per share for the current year.

Several analysts have recently issued reports on DISCA shares. Jefferies Group LLC reissued a “hold” rating and issued a $28.00 price target on shares of Discovery Communications in a research report on Wednesday, February 22nd. Zacks Investment Research raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, March 28th. Pivotal Research reissued a “hold” rating and issued a $28.00 price target (up previously from $27.00) on shares of Discovery Communications in a research report on Sunday, April 23rd. Loop Capital lowered shares of Discovery Communications from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a research report on Wednesday, February 22nd. They noted that the move was a valuation call. Finally, Deutsche Bank AG started coverage on shares of Discovery Communications in a research report on Friday, February 10th. They issued a “hold” rating and a $32.00 price target on the stock. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the stock. Discovery Communications presently has a consensus rating of “Hold” and a consensus target price of $29.29.

In other news, Director Paul A. Gould sold 8,832 shares of the company’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $25.98, for a total transaction of $229,455.36. Following the transaction, the director now owns 188,676 shares in the company, valued at $4,901,802.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.78% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:DISCA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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