Bridgewater Associates LP bought a new position in Discovery Communications, Inc. (NASDAQ:DISCA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 568,025 shares of the company’s stock, valued at approximately $14,672,000. Bridgewater Associates LP owned about 0.10% of Discovery Communications as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Martingale Asset Management L P grew its holdings in Discovery Communications by 0.3% during the 1st quarter. Martingale Asset Management L P now owns 20,553 shares of the company’s stock worth $598,000 after acquiring an additional 52 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Discovery Communications by 1.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock worth $245,000 after acquiring an additional 100 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Discovery Communications by 0.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,424 shares of the company’s stock worth $295,000 after acquiring an additional 102 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its holdings in Discovery Communications by 0.9% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,353 shares of the company’s stock worth $330,000 after acquiring an additional 103 shares during the last quarter. Finally, Advantus Capital Management Inc grew its holdings in Discovery Communications by 0.9% during the 1st quarter. Advantus Capital Management Inc now owns 15,202 shares of the company’s stock worth $442,000 after acquiring an additional 130 shares during the last quarter. 45.85% of the stock is currently owned by institutional investors and hedge funds.

Shares of Discovery Communications, Inc. (NASDAQ:DISCA) traded up 0.33% during trading on Wednesday, hitting $21.07. 881,302 shares of the stock traded hands. The company has a 50-day moving average of $23.34 and a 200-day moving average of $26.23. Discovery Communications, Inc. has a 52 week low of $20.72 and a 52 week high of $30.25. The firm has a market cap of $12.01 billion, a P/E ratio of 11.18 and a beta of 1.59.

Discovery Communications (NASDAQ:DISCA) last issued its earnings results on Monday, July 31st. The company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.04). Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the previous year, the company earned $0.71 earnings per share. Discovery Communications’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts forecast that Discovery Communications, Inc. will post $2.24 EPS for the current fiscal year.

A number of equities research analysts have commented on the stock. Sanford C. Bernstein reissued an “underperform” rating on shares of Discovery Communications in a report on Tuesday. Cowen and Company reissued a “hold” rating and set a $25.00 price objective on shares of Discovery Communications in a report on Friday, September 8th. ValuEngine lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub lowered shares of Discovery Communications from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, Royal Bank Of Canada decreased their price objective on shares of Discovery Communications from $32.00 to $29.00 and set an “outperform” rating on the stock in a report on Thursday, August 17th. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. Discovery Communications currently has an average rating of “Hold” and an average price target of $27.27.

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In related news, insider Bruce Campbell sold 9,283 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $26.43, for a total transaction of $245,349.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gunnar Wiedenfels purchased 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were bought at an average price of $23.01 per share, with a total value of $460,200.00. Following the acquisition, the chief financial officer now directly owns 20,000 shares of the company’s stock, valued at approximately $460,200. The disclosure for this purchase can be found here. Insiders have purchased 55,000 shares of company stock valued at $1,243,300 in the last quarter. 6.81% of the stock is currently owned by corporate insiders.

Discovery Communications 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:DISCA)

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