Discovery Communications, Inc. (DISCA) Position Cut by Teachers Advisors LLC
Teachers Advisors LLC reduced its position in shares of Discovery Communications, Inc. (NASDAQ:DISCA) by 5.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 301,725 shares of the company’s stock after selling 17,925 shares during the period. Teachers Advisors LLC owned approximately 0.07% of Discovery Communications worth $8,122,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in DISCA. Nordea Investment Management AB raised its position in Discovery Communications by 10.1% in the second quarter. Nordea Investment Management AB now owns 4,141 shares of the company’s stock valued at $104,000 after buying an additional 381 shares during the period. Pacer Advisors Inc. raised its position in Discovery Communications by 3.7% in the second quarter. Pacer Advisors Inc. now owns 4,507 shares of the company’s stock valued at $114,000 after buying an additional 160 shares during the period. Advisor Group Inc. acquired a new position in Discovery Communications during the second quarter valued at $116,000. Toronto Dominion Bank raised its position in Discovery Communications by 433.8% in the third quarter. Toronto Dominion Bank now owns 4,404 shares of the company’s stock valued at $119,000 after buying an additional 3,579 shares during the period. Finally, Tredje AP fonden acquired a new position in Discovery Communications during the second quarter valued at $188,000. Hedge funds and other institutional investors own 41.36% of the company’s stock.
Shares of Discovery Communications, Inc. (NASDAQ:DISCA) traded up 0.85% during trading on Friday, reaching $27.43. The company’s stock had a trading volume of 420,563 shares. The stock’s 50 day moving average price is $27.95 and its 200 day moving average price is $26.34. The company has a market cap of $12.54 billion, a PE ratio of 15.51 and a beta of 1.59. Discovery Communications, Inc. has a 52 week low of $23.66 and a 52 week high of $29.75.
Discovery Communications (NASDAQ:DISCA) last posted its earnings results on Tuesday, November 1st. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.58 billion. Discovery Communications had a return on equity of 22.76% and a net margin of 17.14%. Discovery Communications’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 earnings per share. Equities research analysts predict that Discovery Communications, Inc. will post $1.91 EPS for the current year.
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DISCA has been the subject of several research reports. Pivotal Research restated a “hold” rating and set a $28.00 price objective (down previously from $33.00) on shares of Discovery Communications in a research report on Thursday. Argus lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, November 11th. Zacks Investment Research upgraded shares of Discovery Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, November 8th. Needham & Company LLC restated a “hold” rating on shares of Discovery Communications in a research report on Thursday, October 13th. Finally, Barrington Research lowered shares of Discovery Communications from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 29th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. Discovery Communications has an average rating of “Hold” and a consensus target price of $29.50.
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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