Discovery Communications, Inc. (NASDAQ:DISCA) Director J David Wargo bought 80,000 shares of the stock in a transaction on Friday, November 3rd. The stock was purchased at an average cost of $15.80 per share, with a total value of $1,264,000.00. Following the purchase, the director now directly owns 147,591 shares of the company’s stock, valued at approximately $2,331,937.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

J David Wargo also recently made the following trade(s):

  • On Monday, November 6th, J David Wargo bought 100,000 shares of Discovery Communications stock. The stock was purchased at an average cost of $15.76 per share, with a total value of $1,576,000.00.

Shares of Discovery Communications, Inc. (NASDAQ DISCA) traded up $0.58 on Monday, reaching $17.10. 10,451,647 shares of the company traded hands, compared to its average volume of 5,811,562. Discovery Communications, Inc. has a fifty-two week low of $16.20 and a fifty-two week high of $30.25. The firm has a market capitalization of $6,260.52, a PE ratio of 7.94, a price-to-earnings-growth ratio of 0.68 and a beta of 1.55. The company has a debt-to-equity ratio of 2.56, a current ratio of 5.87 and a quick ratio of 5.87.

Discovery Communications (NASDAQ:DISCA) last announced its earnings results on Thursday, November 2nd. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.12). Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the company posted $0.47 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. equities research analysts predict that Discovery Communications, Inc. will post 2.24 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Insider Buying: Discovery Communications, Inc. (DISCA) Director Acquires 80,000 Shares of Stock” was posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/11/06/insider-buying-discovery-communications-inc-disca-director-acquires-80000-shares-of-stock.html.

Several equities research analysts have commented on DISCA shares. Cowen and Company reaffirmed a “hold” rating and issued a $29.00 target price on shares of Discovery Communications in a research note on Tuesday, July 11th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $32.00 target price on shares of Discovery Communications in a research note on Friday, July 14th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $30.00 target price (down previously from $32.00) on shares of Discovery Communications in a research note on Friday, July 14th. Wells Fargo & Company started coverage on shares of Discovery Communications in a research note on Thursday, July 20th. They issued a “market perform” rating and a $28.00 target price for the company. Finally, Credit Suisse Group reaffirmed an “underperform” rating and issued a $24.00 target price on shares of Discovery Communications in a research note on Saturday, July 22nd. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $24.64.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC boosted its holdings in Discovery Communications by 5.2% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 18,606,223 shares of the company’s stock worth $480,599,000 after purchasing an additional 917,632 shares during the last quarter. Vanguard Group Inc. lifted its stake in Discovery Communications by 5.4% in the second quarter. Vanguard Group Inc. now owns 16,661,316 shares of the company’s stock valued at $430,362,000 after acquiring an additional 858,015 shares during the last quarter. BlackRock Inc. lifted its stake in Discovery Communications by 2.0% in the second quarter. BlackRock Inc. now owns 9,533,783 shares of the company’s stock valued at $246,259,000 after acquiring an additional 187,781 shares during the last quarter. State Street Corp lifted its stake in Discovery Communications by 5.4% in the second quarter. State Street Corp now owns 7,346,135 shares of the company’s stock valued at $189,736,000 after acquiring an additional 376,975 shares during the last quarter. Finally, FMR LLC lifted its stake in Discovery Communications by 32.7% in the second quarter. FMR LLC now owns 4,938,569 shares of the company’s stock valued at $127,563,000 after acquiring an additional 1,216,517 shares during the last quarter. Institutional investors and hedge funds own 45.81% of the company’s stock.

About Discovery Communications

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.

Insider Buying and Selling by Quarter for Discovery Communications (NASDAQ:DISCA)

Receive News & Ratings for Discovery Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications Inc. and related companies with MarketBeat.com's FREE daily email newsletter.