Discovery Communications, Inc. (DISCA) Insider Bruce Campbell Sells 9,283 Shares
Discovery Communications, Inc. (NASDAQ:DISCA) insider Bruce Campbell sold 9,283 shares of Discovery Communications stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $26.43, for a total value of $245,349.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Discovery Communications, Inc. (DISCA) traded down 3.48% during mid-day trading on Tuesday, hitting $25.51. 2,682,613 shares of the stock traded hands. The stock’s 50 day moving average is $26.31 and its 200-day moving average is $27.77. Discovery Communications, Inc. has a 12 month low of $23.66 and a 12 month high of $30.25. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 13.34 and a beta of 1.61.
Discovery Communications (NASDAQ:DISCA) last announced its earnings results on Tuesday, May 9th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.08. Discovery Communications had a return on equity of 23.67% and a net margin of 17.50%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the business posted $0.46 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts anticipate that Discovery Communications, Inc. will post $2.27 EPS for the current year.
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DISCA has been the topic of several research analyst reports. BidaskClub upgraded Discovery Communications from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Moffett Nathanson restated a “sell” rating on shares of Discovery Communications in a report on Friday, June 9th. TheStreet upgraded Discovery Communications from a “c+” rating to a “b-” rating in a report on Thursday, April 20th. Citigroup Inc. upgraded Discovery Communications from a “sell” rating to a “neutral” rating in a report on Thursday, April 20th. Finally, Pivotal Research restated a “hold” rating and set a $28.00 target price (up from $27.00) on shares of Discovery Communications in a report on Sunday, April 23rd. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has issued a buy rating to the company. Discovery Communications has a consensus rating of “Hold” and a consensus price target of $29.07.
Hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Discovery Communications by 2,394.5% in the first quarter. BlackRock Inc. now owns 9,346,002 shares of the company’s stock worth $271,875,000 after buying an additional 8,971,338 shares during the period. Bank of New York Mellon Corp raised its position in shares of Discovery Communications by 20.3% in the first quarter. Bank of New York Mellon Corp now owns 10,967,133 shares of the company’s stock worth $319,034,000 after buying an additional 1,848,329 shares during the period. Norges Bank bought a new position in shares of Discovery Communications during the fourth quarter worth $40,919,000. Strs Ohio raised its position in shares of Discovery Communications by 59,357.5% in the first quarter. Strs Ohio now owns 1,277,148 shares of the company’s stock worth $37,152,000 after buying an additional 1,275,000 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Discovery Communications by 5.4% in the first quarter. Vanguard Group Inc. now owns 15,803,301 shares of the company’s stock worth $459,718,000 after buying an additional 803,848 shares during the period. Hedge funds and other institutional investors own 44.55% of the company’s stock.
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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