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.

A number of equities research analysts have recently weighed in on the company. Loop Capital lowered their target price on Discovery Communications from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. Zacks Investment Research raised Discovery Communications from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. B. Riley reissued a “neutral” rating and issued a $19.00 target price (down previously from $23.00) on shares of Discovery Communications in a research note on Wednesday, November 1st. Royal Bank of Canada reaffirmed a “buy” rating and set a $29.00 price target on shares of Discovery Communications in a research report on Friday, October 20th. Finally, BidaskClub lowered Discovery Communications from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $23.67.

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.

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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.

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

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