Insider Buying: Discovery Communications, Inc. (DISCA) Director Acquires 332,523 Shares of Stock
Discovery Communications, Inc. (NASDAQ:DISCA) Director John C. Malone bought 332,523 shares of Discovery Communications stock in a transaction that occurred on Wednesday, December 13th. The shares were acquired at an average price of $19.72 per share, with a total value of $6,557,353.56. Following the completion of the transaction, the director now owns 671,095 shares of the company’s stock, valued at $13,233,993.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Discovery Communications, Inc. (NASDAQ DISCA) traded up $0.14 on Thursday, reaching $19.79. The company’s stock had a trading volume of 5,523,700 shares, compared to its average volume of 3,917,387. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 2.56. Discovery Communications, Inc. has a 1-year low of $15.99 and a 1-year high of $30.25. The stock has a market cap of $7,448.41, a P/E ratio of 9.45, a price-to-earnings-growth ratio of 1.11 and a beta of 1.55.
Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.12). The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.64 billion. Discovery Communications had a net margin of 16.63% and a return on equity of 22.24%. Discovery Communications’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 earnings per share. equities analysts expect that Discovery Communications, Inc. will post 1.94 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DISCA. Hotchkis & Wiley Capital Management LLC increased its stake in Discovery Communications by 0.7% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 18,729,826 shares of the company’s stock worth $398,758,000 after buying an additional 123,603 shares in the last quarter. Vanguard Group Inc. increased its stake in Discovery Communications by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 16,661,316 shares of the company’s stock worth $430,362,000 after buying an additional 858,015 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Discovery Communications by 12.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 11,966,987 shares of the company’s stock worth $254,779,000 after buying an additional 1,297,175 shares in the last quarter. BlackRock Inc. increased its stake in Discovery Communications by 2.0% in the 2nd quarter. BlackRock Inc. now owns 9,533,783 shares of the company’s stock worth $246,259,000 after buying an additional 187,781 shares in the last quarter. Finally, State Street Corp increased its stake in Discovery Communications by 5.4% in the 2nd quarter. State Street Corp now owns 7,346,135 shares of the company’s stock worth $189,736,000 after buying an additional 376,975 shares in the last quarter. 48.25% of the stock is currently owned by hedge funds and other institutional investors.
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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