Montag A & Associates Inc. cut its stake in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 15.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 176,194 shares of the company’s stock after selling 31,611 shares during the quarter. Montag A & Associates Inc.’s holdings in Discovery Communications were worth $4,692,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. CSat Investment Advisory L.P. lifted its stake in shares of Discovery Communications by 89.5% in the 2nd quarter. CSat Investment Advisory L.P. now owns 902 shares of the company’s stock valued at $28,000 after purchasing an additional 426 shares during the period. Redhawk Wealth Advisors Inc. acquired a new position in shares of Discovery Communications in the 2nd quarter valued at about $30,000. Parkside Financial Bank & Trust lifted its stake in shares of Discovery Communications by 131.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,013 shares of the company’s stock valued at $31,000 after purchasing an additional 576 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Discovery Communications by 558.7% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 1,133 shares of the company’s stock valued at $30,000 after purchasing an additional 961 shares during the period. Finally, Duncker Streett & Co. Inc. acquired a new position in shares of Discovery Communications in the 2nd quarter valued at about $37,000. 34.02% of the stock is currently owned by hedge funds and other institutional investors.
Discovery Communications stock traded down $0.13 during midday trading on Friday, reaching $30.90. The stock had a trading volume of 8,144,300 shares, compared to its average volume of 3,928,025. Discovery Communications Inc. has a 12 month low of $23.79 and a 12 month high of $34.47. The company has a market capitalization of $15.03 billion, a P/E ratio of 14.65, a PEG ratio of 0.40 and a beta of 1.55. The company has a fifty day moving average price of $27.32 and a two-hundred day moving average price of $28.73. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.32.
Discovery Communications (NASDAQ:DISCA) last issued its earnings results on Thursday, November 7th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. Discovery Communications had a return on equity of 21.53% and a net margin of 15.62%. The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same period in the previous year, the company posted $0.79 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts predict that Discovery Communications Inc. will post 3.62 earnings per share for the current fiscal year.
A number of research analysts have recently issued reports on DISCA shares. Rosenblatt Securities started coverage on Discovery Communications in a research note on Sunday, November 3rd. They issued a “hold” rating and a $30.00 price objective on the stock. Barrington Research reissued a “buy” rating and issued a $40.00 price objective on shares of Discovery Communications in a research note on Thursday. BidaskClub downgraded Discovery Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, August 28th. Imperial Capital raised Discovery Communications from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $29.00 to $34.00 in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Co started coverage on Discovery Communications in a research report on Monday, September 23rd. They issued an “outperform” rating and a $35.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $34.70.
In other Discovery Communications news, Director Daniel E. Sanchez sold 1,059 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $28.40, for a total transaction of $30,075.60. Following the completion of the sale, the director now directly owns 16,789 shares of the company’s stock, valued at approximately $476,807.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Savalle Sims sold 3,085 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $30.18, for a total value of $93,105.30. Following the sale, the general counsel now directly owns 46,388 shares of the company’s stock, valued at $1,399,989.84. The disclosure for this sale can be found here. Insiders own 4.43% of the company’s stock.
Discovery Communications Profile
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.
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