Great West Life Assurance Co. Can boosted its position in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 0.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 86,931 shares of the company’s stock after purchasing an additional 608 shares during the period. Great West Life Assurance Co. Can’s holdings in Discovery Communications were worth $2,047,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Discovery Communications by 199.5% during the 3rd quarter. Vanguard Group Inc. now owns 50,745,309 shares of the company’s stock worth $1,541,300,000 after purchasing an additional 33,804,647 shares during the period. FMR LLC increased its holdings in shares of Discovery Communications by 7.6% during the 3rd quarter. FMR LLC now owns 11,974,666 shares of the company’s stock worth $383,189,000 after purchasing an additional 841,302 shares during the period. BlackRock Inc. increased its holdings in shares of Discovery Communications by 11.8% during the 4th quarter. BlackRock Inc. now owns 10,885,778 shares of the company’s stock worth $269,315,000 after purchasing an additional 1,151,368 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Discovery Communications by 4,198.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,944,085 shares of the company’s stock worth $119,000 after purchasing an additional 2,875,598 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Discovery Communications by 14.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,180,315 shares of the company’s stock worth $69,767,000 after purchasing an additional 274,033 shares during the period. Hedge funds and other institutional investors own 34.21% of the company’s stock.
Several research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Discovery Communications from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 9th. Imperial Capital reissued an “in-line” rating and issued a $30.00 target price (down previously from $31.00) on shares of Discovery Communications in a research note on Wednesday, January 9th. Zacks Investment Research raised shares of Discovery Communications from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Wednesday, January 2nd. Barrington Research reissued a “buy” rating and issued a $40.00 target price on shares of Discovery Communications in a research note on Tuesday, February 26th. Finally, Credit Suisse Group upped their target price on shares of Discovery Communications from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Wednesday, February 27th. Six research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Discovery Communications presently has an average rating of “Buy” and a consensus target price of $33.34.
NASDAQ:DISCA traded up $0.03 during trading hours on Monday, hitting $30.05. The stock had a trading volume of 1,811,722 shares, compared to its average volume of 4,019,597. Discovery Communications Inc. has a one year low of $20.59 and a one year high of $34.89. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $15.70 billion, a PE ratio of 14.24, a PEG ratio of 0.35 and a beta of 1.36.
Discovery Communications (NASDAQ:DISCA) last issued its earnings results on Tuesday, February 26th. The company reported $0.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.07). Discovery Communications had a net margin of 5.63% and a return on equity of 17.30%. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the previous year, the company posted $0.37 EPS. The firm’s revenue for the quarter was up 50.7% on a year-over-year basis. On average, sell-side analysts forecast that Discovery Communications Inc. will post 3.49 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.
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