Sumitomo Mitsui Asset Management Company LTD continued to hold its position in shares of Discovery Communications, Inc. (NASDAQ:DISCA) during the second quarter, Holdings Channel reports. The firm owned 11,353 shares of the company’s stock at the end of the second quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Discovery Communications were worth $293,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Martingale Asset Management L P boosted its position in shares of Discovery Communications by 0.3% in the first quarter. Martingale Asset Management L P now owns 20,553 shares of the company’s stock valued at $598,000 after buying an additional 52 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Discovery Communications by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock valued at $245,000 after buying an additional 100 shares during the period. Advantus Capital Management Inc boosted its position in shares of Discovery Communications by 0.9% in the first quarter. Advantus Capital Management Inc now owns 15,202 shares of the company’s stock valued at $442,000 after buying an additional 130 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Discovery Communications by 1.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,339 shares of the company’s stock valued at $330,000 after buying an additional 145 shares during the period. Finally, American International Group Inc. boosted its position in shares of Discovery Communications by 0.3% in the first quarter. American International Group Inc. now owns 73,984 shares of the company’s stock valued at $2,152,000 after buying an additional 192 shares during the period. 44.31% of the stock is owned by institutional investors and hedge funds.

Discovery Communications, Inc. (DISCA) opened at 22.91 on Friday. The firm has a market capitalization of $13.06 billion, a PE ratio of 12.15 and a beta of 1.59. Discovery Communications, Inc. has a 12-month low of $22.82 and a 12-month high of $30.25. The company has a 50-day moving average price of $25.61 and a 200-day moving average price of $27.14.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings data on Monday, July 31st. The company reported $0.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by $0.04. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period last year, the business earned $0.71 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts predict that Discovery Communications, Inc. will post $2.24 earnings per share for the current year.

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A number of research firms recently weighed in on DISCA. TheStreet cut Discovery Communications from a “b-” rating to a “c+” rating in a report on Thursday, May 18th. MKM Partners reaffirmed a “neutral” rating and issued a $26.00 price target (down previously from $30.00) on shares of Discovery Communications in a report on Wednesday, August 2nd. Piper Jaffray Companies began coverage on Discovery Communications in a report on Friday. They issued a “neutral” rating and a $27.00 price target for the company. Cowen and Company reaffirmed a “hold” rating and issued a $29.00 price target on shares of Discovery Communications in a report on Tuesday, July 11th. Finally, Barrington Research reaffirmed a “market perform” rating on shares of Discovery Communications in a report on Wednesday, August 2nd. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. Discovery Communications presently has an average rating of “Hold” and an average target price of $28.25.

In other news, CFO Gunnar Wiedenfels bought 20,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was purchased at an average cost of $23.01 per share, with a total value of $460,200.00. Following the purchase, the chief financial officer now owns 20,000 shares of the company’s stock, valued at $460,200. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director S Decker Anstrom bought 10,000 shares of the stock in a transaction on Wednesday, August 2nd. The stock was purchased at an average cost of $23.05 per share, with a total value 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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Institutional Ownership by Quarter for Discovery Communications (NASDAQ:DISCA)

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