Suntrust Banks Inc. Acquires 34,148 Shares of Discovery Communications Inc. (DISCA)

Suntrust Banks Inc. increased its stake in Discovery Communications Inc. (NASDAQ:DISCA) by 331.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,448 shares of the company’s stock after purchasing an additional 34,148 shares during the period. Suntrust Banks Inc.’s holdings in Discovery Communications were worth $1,100,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Two Sigma Advisers LP acquired a new stake in Discovery Communications during the fourth quarter valued at $3,162,000. Two Sigma Investments LP lifted its position in shares of Discovery Communications by 10,796.6% in the fourth quarter. Two Sigma Investments LP now owns 261,518 shares of the company’s stock worth $6,470,000 after buying an additional 259,118 shares during the last quarter. LMR Partners LLP acquired a new stake in shares of Discovery Communications in the fourth quarter worth about $828,000. BOKF NA acquired a new stake in shares of Discovery Communications in the fourth quarter worth about $656,000. Finally, Geode Capital Management LLC lifted its position in shares of Discovery Communications by 19.2% in the fourth quarter. Geode Capital Management LLC now owns 2,741,634 shares of the company’s stock worth $67,746,000 after buying an additional 441,740 shares during the last quarter. 34.18% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DISCA traded down $0.28 on Friday, hitting $30.13. The company’s stock had a trading volume of 2,685,359 shares, compared to its average volume of 3,964,743. The company has a market capitalization of $15.79 billion, a P/E ratio of 14.28, a PEG ratio of 0.41 and a beta of 1.36. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.06 and a quick ratio of 1.06. Discovery Communications Inc. has a fifty-two week low of $20.59 and a fifty-two week high of $34.89.

Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings data on Tuesday, February 26th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.07). Discovery Communications had a return on equity of 17.30% and a net margin of 5.63%. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period in the prior year, the company posted $0.37 EPS. The firm’s quarterly revenue was up 50.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Discovery Communications Inc. will post 3.48 EPS for the current fiscal year.

A number of analysts have weighed in on DISCA shares. Zacks Investment Research raised Discovery Communications from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Wednesday, January 2nd. ValuEngine raised Discovery Communications from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Imperial Capital reissued an “in-line” rating and set a $30.00 price objective (down previously from $31.00) on shares of Discovery Communications in a research report on Wednesday, January 9th. Barrington Research reissued a “buy” rating and set a $40.00 price objective on shares of Discovery Communications in a research report on Tuesday, February 26th. Finally, Credit Suisse Group boosted their price target on 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 assigned a buy rating and one has given a strong buy rating to the company’s stock. Discovery Communications has a consensus rating of “Buy” and an average target price of $33.34.

In other Discovery Communications news, General Counsel Savalle Sims sold 16,623 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $28.57, for a total transaction of $474,919.11. Following the transaction, the general counsel now owns 48,684 shares of the company’s stock, valued at approximately $1,390,901.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 4.43% of the stock is currently owned by corporate insiders.

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About Discovery Communications

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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