Dimensional Fund Advisors LP Boosts Holdings in Discovery Communications Inc. (NASDAQ:DISCA)

Dimensional Fund Advisors LP boosted its holdings in Discovery Communications Inc. (NASDAQ:DISCA) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,189,118 shares of the company’s stock after buying an additional 8,803 shares during the period. Dimensional Fund Advisors LP owned approximately 0.42% of Discovery Communications worth $54,160,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DISCA. Vanguard Group Inc. lifted its stake in Discovery Communications by 199.5% in the third 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 last quarter. FMR LLC raised its stake in shares of Discovery Communications by 7.6% during the third quarter. FMR LLC now owns 11,974,666 shares of the company’s stock valued at $383,189,000 after acquiring an additional 841,302 shares during the last quarter. BlackRock Inc. raised its stake in shares of Discovery Communications by 11.8% during the fourth quarter. BlackRock Inc. now owns 10,885,778 shares of the company’s stock valued at $269,315,000 after acquiring an additional 1,151,368 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Discovery Communications by 4,198.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,944,085 shares of the company’s stock valued at $119,000 after acquiring an additional 2,875,598 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Discovery Communications by 2.6% during the fourth quarter. Northern Trust Corp now owns 1,969,250 shares of the company’s stock valued at $48,719,000 after acquiring an additional 49,891 shares during the last quarter. Institutional investors and hedge funds own 34.18% of the company’s stock.

Discovery Communications stock traded down $0.28 during midday trading on Friday, reaching $30.13. 2,685,359 shares of the company traded hands, compared to its average volume of 3,964,743. The company has a market cap of $15.79 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 0.41 and a beta of 1.36. Discovery Communications Inc. has a 12 month low of $20.59 and a 12 month high of $34.89. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.50.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings data on Tuesday, February 26th. The company reported $0.74 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter last year, the company earned $0.37 EPS. The firm’s revenue for the quarter was up 50.7% on a year-over-year basis. Sell-side analysts expect that Discovery Communications Inc. will post 3.48 EPS for the current fiscal year.

Several equities analysts recently issued reports on the stock. Barrington Research reiterated a “buy” rating and set a $40.00 price target on shares of Discovery Communications in a research report on Tuesday, February 26th. BidaskClub cut shares of Discovery Communications from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th. Zacks Investment Research downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, February 5th. Credit Suisse Group upped their target price on shares of Discovery Communications from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 27th. Finally, ValuEngine upgraded shares of Discovery Communications from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 2nd. Six analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $33.34.

In other news, General Counsel Savalle Sims sold 16,623 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $28.57, for a total value of $474,919.11. Following the completion of the sale, the general counsel now directly owns 48,684 shares of the company’s stock, valued at $1,390,901.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.43% of the stock is currently owned by company insiders.

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

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