Cigna Investments Inc. New reduced its stake in shares of Discovery Communications, Inc. (NASDAQ:DISCK) by 20.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,182 shares of the company’s stock after selling 11,775 shares during the period. Cigna Investments Inc. New’s holdings in Discovery Communications were worth $1,139,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Teachers Advisors LLC increased its position in Discovery Communications by 1.1% in the first quarter. Teachers Advisors LLC now owns 472,618 shares of the company’s stock valued at $13,380,000 after buying an additional 5,324 shares in the last quarter. Macquarie Group Ltd. increased its position in Discovery Communications by 1.5% in the fourth quarter. Macquarie Group Ltd. now owns 67,015 shares of the company’s stock valued at $1,795,000 after buying an additional 970 shares in the last quarter. Bank of Montreal Can increased its position in Discovery Communications by 1.7% in the first quarter. Bank of Montreal Can now owns 206,041 shares of the company’s stock valued at $5,833,000 after buying an additional 3,413 shares in the last quarter. BB&T Corp increased its position in Discovery Communications by 4.5% in the first quarter. BB&T Corp now owns 231,770 shares of the company’s stock valued at $6,561,000 after buying an additional 9,905 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in Discovery Communications by 2.9% in the first quarter. Prudential Financial Inc. now owns 1,051,013 shares of the company’s stock valued at $29,754,000 after buying an additional 29,409 shares in the last quarter. 46.82% of the stock is currently owned by hedge funds and other institutional investors.

Discovery Communications, Inc. (DISCK) opened at 21.93 on Friday. Discovery Communications, Inc. has a 1-year low of $21.83 and a 1-year high of $29.18. The stock has a 50 day moving average of $24.76 and a 200 day moving average of $26.44. The stock has a market capitalization of $12.50 billion, a P/E ratio of 11.63 and a beta of 1.47.

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

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DISCK has been the topic of several research reports. Zacks Investment Research downgraded shares of Discovery Communications from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. ValuEngine downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Barrington Research reissued a “market perform” rating on shares of Discovery Communications in a research note on Tuesday, August 1st. Finally, TheStreet downgraded shares of Discovery Communications from a “b-” rating to a “c+” rating in a research note on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $29.00.

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

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