TD Asset Management Inc. increased its stake in Discovery Communications, Inc. (NASDAQ:DISCK) by 5.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,119,477 shares of the company’s stock after buying an additional 62,408 shares during the period. TD Asset Management Inc.’s holdings in Discovery Communications were worth $28,222,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Discovery Communications by 2.2% in the first quarter. Vanguard Group Inc. now owns 21,390,878 shares of the company’s stock worth $605,575,000 after buying an additional 460,591 shares during the period. BlackRock Inc. boosted its position in shares of Discovery Communications by 2,766.5% in the first quarter. BlackRock Inc. now owns 13,447,103 shares of the company’s stock worth $380,687,000 after buying an additional 12,977,986 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Discovery Communications by 0.3% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 5,340,964 shares of the company’s stock worth $151,203,000 after buying an additional 14,321 shares during the period. Seizert Capital Partners LLC boosted its position in shares of Discovery Communications by 57.0% in the first quarter. Seizert Capital Partners LLC now owns 2,911,723 shares of the company’s stock worth $82,431,000 after buying an additional 1,057,066 shares during the period. Finally, First Manhattan Co. boosted its position in shares of Discovery Communications by 30.2% in the second quarter. First Manhattan Co. now owns 2,806,374 shares of the company’s stock worth $70,748,000 after buying an additional 651,642 shares during the period. 46.82% of the stock is currently owned by institutional investors and hedge funds.

Shares of Discovery Communications, Inc. (NASDAQ DISCK) opened at 21.93 on Friday. The stock has a market cap of $12.50 billion, a price-to-earnings ratio of 11.63 and a beta of 1.47. Discovery Communications, Inc. has a 1-year low of $21.83 and a 1-year high of $29.18. The stock’s 50 day moving average is $24.76 and its 200-day moving average is $26.44.

Discovery Communications (NASDAQ:DISCK) last announced its earnings results on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by $0.04. The company had revenue of $1.75 billion for the quarter. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. On average, analysts anticipate that Discovery Communications, Inc. will post $2.24 EPS for the current year.

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A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Discovery Communications from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. ValuEngine lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub lowered shares of Discovery Communications from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. TheStreet lowered shares of Discovery Communications from a “b-” rating to a “c+” rating in a research note on Wednesday, May 17th. Finally, Barrington Research reiterated a “market perform” rating on shares of Discovery Communications in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $29.00.

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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Institutional Ownership by Quarter for Discovery Communications (NASDAQ:DISCK)

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