Principal Financial Group Inc. Has $9,301,000 Position in Discovery Communications Inc. (DISCK)
Principal Financial Group Inc. decreased its position in shares of Discovery Communications Inc. (NASDAQ:DISCK) by 0.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 389,977 shares of the company’s stock after selling 965 shares during the period. Principal Financial Group Inc. owned about 0.09% of Discovery Communications worth $9,301,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in Discovery Communications by 210.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,955,814 shares of the company’s stock worth $52,807,000 after buying an additional 1,325,671 shares during the period. Dimensional Fund Advisors LP raised its stake in Discovery Communications by 38.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,338,909 shares of the company’s stock worth $31,928,000 after buying an additional 372,999 shares during the period. BB&T Securities LLC raised its stake in Discovery Communications by 35.1% in the first quarter. BB&T Securities LLC now owns 883,395 shares of the company’s stock worth $23,851,000 after buying an additional 229,363 shares during the period. Barclays PLC raised its stake in Discovery Communications by 215.6% in the first quarter. Barclays PLC now owns 335,472 shares of the company’s stock worth $9,059,000 after buying an additional 229,167 shares during the period. Finally, Bank of Montreal Can acquired a new stake in Discovery Communications during the second quarter worth $4,931,000. Institutional investors and hedge funds own 50.61% of the company’s stock.
Discovery Communications Inc. (NASDAQ:DISCK) opened at 24.73 on Monday. The firm has a market cap of $10.34 billion, a P/E ratio of 13.45 and a beta of 1.44. The company has a 50-day moving average of $25.09 and a 200 day moving average of $25.66. Discovery Communications Inc. has a one year low of $22.43 and a one year high of $29.93.
Separately, Zacks Investment Research raised shares of Discovery Communications from a “sell” rating to a “strong-buy” rating and set a $29.00 price target for the company in a research report on Friday, August 5th.
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 and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments are U.S.
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