Alethea Capital Management LLC Acquires Shares of 14,394 Discovery Communications Inc. (DISCA)

Alethea Capital Management LLC acquired a new stake in Discovery Communications Inc. (NASDAQ:DISCA) during the first quarter, according to its most recent filing with the SEC. The firm acquired 14,394 shares of the company’s stock, valued at approximately $389,000.

Other large investors also recently bought and sold shares of the company. Karp Capital Management Corp bought a new position in shares of Discovery Communications in the 4th quarter worth $30,000. Smithfield Trust Co. bought a new position in shares of Discovery Communications in the 4th quarter worth $47,000. Pennsylvania Trust Co acquired a new stake in Discovery Communications during the 1st quarter worth $1,085,000. Rational Advisors LLC raised its stake in Discovery Communications by 26.3% during the 4th quarter. Rational Advisors LLC now owns 2,018 shares of the company’s stock worth $50,000 after buying an additional 420 shares during the period. Finally, Athena Capital Advisors LLC acquired a new stake in Discovery Communications during the 4th quarter worth $66,000. Institutional investors and hedge funds own 34.25% of the company’s stock.

In other Discovery Communications news, General Counsel Savalle Sims sold 16,623 shares of Discovery Communications stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $28.57, for a total value of $474,919.11. Following the sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.43% of the company’s stock.

Several analysts recently commented on the company. Zacks Investment Research downgraded Discovery Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, February 5th. Credit Suisse Group raised their price objective on Discovery Communications from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 27th. BidaskClub raised Discovery Communications from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 9th. TheStreet raised Discovery Communications from a “c” rating to a “b” rating in a research note on Tuesday, February 26th. Finally, Barrington Research reaffirmed a “buy” rating and set a $40.00 price objective on shares of Discovery Communications in a research note on Tuesday, February 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $33.89.

Shares of Discovery Communications stock opened at $27.74 on Wednesday. Discovery Communications Inc. has a 12 month low of $20.59 and a 12 month high of $34.89. The firm has a market cap of $14.91 billion, a P/E ratio of 13.15, a price-to-earnings-growth ratio of 0.40 and a beta of 1.41. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.16 and a current ratio of 1.16.

Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.08. Discovery Communications had a return on equity of 20.10% and a net margin of 9.00%. The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter last year, the business posted $0.53 EPS. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, analysts expect that Discovery Communications Inc. will post 3.67 EPS for the current year.

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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.

Further Reading: Average Daily Trade Volume – What You Need to Know

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

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