Hartford Investment Management Co. Has $881,000 Position in Discovery Communications, Inc. (DISCA)
Hartford Investment Management Co. decreased its position in shares of Discovery Communications, Inc. (NASDAQ:DISCA) by 0.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 34,107 shares of the company’s stock after selling 322 shares during the period. Hartford Investment Management Co.’s holdings in Discovery Communications were worth $881,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. UBS Asset Management Americas Inc. boosted its stake in Discovery Communications by 3.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,038,265 shares of the company’s stock valued at $28,458,000 after buying an additional 35,018 shares during the last quarter. Teachers Advisors LLC boosted its stake in Discovery Communications by 5.1% in the fourth quarter. Teachers Advisors LLC now owns 316,997 shares of the company’s stock valued at $8,689,000 after buying an additional 15,272 shares during the last quarter. Kentucky Retirement Systems purchased a new stake in Discovery Communications during the fourth quarter valued at about $302,000. Macquarie Group Ltd. boosted its stake in Discovery Communications by 1.2% in the fourth quarter. Macquarie Group Ltd. now owns 57,377 shares of the company’s stock valued at $1,573,000 after buying an additional 690 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in Discovery Communications by 3.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 132,537 shares of the company’s stock valued at $3,856,000 after buying an additional 4,619 shares during the last quarter. Hedge funds and other institutional investors own 44.31% of the company’s stock.
Discovery Communications, Inc. (NASDAQ:DISCA) traded up 1.665% during trading on Monday, hitting $24.125. 2,111,093 shares of the company’s stock traded hands. Discovery Communications, Inc. has a 12-month low of $23.77 and a 12-month high of $30.25. The firm’s 50-day moving average price is $26.10 and its 200 day moving average price is $27.36. The stock has a market cap of $13.75 billion, a P/E ratio of 12.798 and a beta of 1.59.
Discovery Communications (NASDAQ:DISCA) last issued its earnings results on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by $0.04. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the prior year, the business posted $0.71 EPS. The business’s revenue was up 2.2% on a year-over-year basis. Analysts anticipate that Discovery Communications, Inc. will post $2.23 earnings per share for the current fiscal year.
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Several equities research analysts recently issued reports on the company. Cowen and Company reiterated a “hold” rating and issued a $25.00 price objective on shares of Discovery Communications in a report on Thursday. Barrington Research reiterated a “market perform” rating on shares of Discovery Communications in a report on Wednesday, August 2nd. MKM Partners reiterated a “neutral” rating and issued a $26.00 price objective (down from $30.00) on shares of Discovery Communications in a report on Wednesday, August 2nd. FBR & Co lowered their price objective on Discovery Communications from $30.00 to $28.00 and set a “mkt perform” rating on the stock in a report on Tuesday, August 1st. Finally, Citigroup Inc. upgraded Discovery Communications from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $30.00 to $29.00 in a report on Tuesday, August 1st. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.33.
In other news, CFO Gunnar Wiedenfels purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were purchased at an average price of $23.01 per share, with a total value of $460,200.00. Following the purchase, the chief financial officer now directly owns 20,000 shares of the company’s stock, valued at approximately $460,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director S Decker Anstrom purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were purchased at an average cost of $23.05 per share, for a total transaction of $230,500.00. The disclosure for this purchase can be found here. Company insiders own 5.78% of the company’s stock.
About Discovery Communications
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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