Discovery Communications, Inc. (NASDAQ:DISCA) CFO Gunnar Wiedenfels acquired 15,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was acquired at an average cost of $21.70 per share, with a total value of $325,500.00. Following the acquisition, the chief financial officer now owns 35,000 shares of the company’s stock, valued at $759,500. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Gunnar Wiedenfels also recently made the following trade(s):

  • On Tuesday, August 1st, Gunnar Wiedenfels acquired 20,000 shares of Discovery Communications stock. The stock was acquired at an average cost of $23.01 per share, with a total value of $460,200.00.

Shares of Discovery Communications, Inc. (DISCA) traded down 0.61% during midday trading on Tuesday, hitting $22.76. 2,270,774 shares of the company were exchanged. Discovery Communications, Inc. has a one year low of $22.72 and a one year high of $30.25. The company’s 50 day moving average price is $25.53 and its 200 day moving average price is $27.09. The firm has a market cap of $12.97 billion, a P/E ratio of 12.07 and a beta of 1.59.

Discovery Communications (NASDAQ:DISCA) last issued its earnings results on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by $0.04. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. Equities analysts expect that Discovery Communications, Inc. will post $2.23 EPS for the current year.

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A number of equities analysts have commented on DISCA shares. Zacks Investment Research downgraded shares of Discovery Communications from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Citigroup Inc. raised shares of Discovery Communications from a “sell” rating to a “neutral” rating in a report on Thursday, April 20th. Pivotal Research reaffirmed a “hold” rating and issued a $28.00 price objective (up previously from $27.00) on shares of Discovery Communications in a report on Sunday, April 23rd. TheStreet raised shares of Discovery Communications from a “c+” rating to a “b-” rating in a report on Thursday, April 20th. Finally, MKM Partners reaffirmed a “neutral” rating and issued a $30.00 price objective (up previously from $27.00) on shares of Discovery Communications in a report on Tuesday, May 2nd. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $28.25.

Several hedge funds and other institutional investors have recently modified their holdings of DISCA. Teachers Advisors LLC boosted its stake in Discovery Communications by 5.1% in the fourth quarter. Teachers Advisors LLC now owns 316,997 shares of the company’s stock valued at $8,689,000 after buying an additional 15,272 shares during the last quarter. Macquarie Group Ltd. boosted its stake in Discovery Communications by 1.2% in the fourth quarter. Macquarie Group Ltd. now owns 57,377 shares of the company’s stock valued at $1,573,000 after buying an additional 690 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in Discovery Communications by 3.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 132,537 shares of the company’s stock valued at $3,856,000 after buying an additional 4,619 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in Discovery Communications by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 49,167 shares of the company’s stock valued at $1,430,000 after buying an additional 600 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in Discovery Communications by 8.4% in the first quarter. Bank of Montreal Can now owns 43,128 shares of the company’s stock valued at $1,256,000 after buying an additional 3,355 shares during the last quarter. Institutional investors own 44.22% 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.

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