Norinchukin Bank The Lowers Position in Discovery Communications, Inc. (DISCK)
Norinchukin Bank The cut its holdings in Discovery Communications, Inc. (NASDAQ:DISCK) by 2.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,340 shares of the company’s stock after selling 1,070 shares during the quarter. Norinchukin Bank The’s holdings in Discovery Communications were worth $1,244,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Cadence Capital Management LLC lifted its stake in Discovery Communications by 0.7% in the second quarter. Cadence Capital Management LLC now owns 8,111 shares of the company’s stock worth $204,000 after acquiring an additional 55 shares during the period. Creative Planning lifted its stake in Discovery Communications by 1.0% in the second quarter. Creative Planning now owns 8,545 shares of the company’s stock worth $215,000 after acquiring an additional 87 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Discovery Communications by 0.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,866 shares of the company’s stock worth $1,131,000 after acquiring an additional 128 shares during the period. Thrivent Financial For Lutherans lifted its stake in Discovery Communications by 0.7% in the first quarter. Thrivent Financial For Lutherans now owns 42,510 shares of the company’s stock worth $1,203,000 after acquiring an additional 280 shares during the period. Finally, LS Investment Advisors LLC lifted its stake in Discovery Communications by 5.0% in the second quarter. LS Investment Advisors LLC now owns 10,607 shares of the company’s stock worth $267,000 after acquiring an additional 502 shares during the period. 45.30% of the stock is owned by institutional investors.
Discovery Communications, Inc. (NASDAQ DISCK) opened at 20.64 on Friday. The firm has a 50-day moving average of $21.54 and a 200-day moving average of $25.21. The company has a market capitalization of $11.76 billion, a P/E ratio of 10.95 and a beta of 1.46. Discovery Communications, Inc. has a one year low of $19.36 and a one year high of $29.18.
Discovery Communications (NASDAQ:DISCK) last announced its earnings results on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.04). Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The firm had revenue of $1.75 billion for the quarter. On average, analysts anticipate that Discovery Communications, Inc. will post $2.24 earnings per share for the current year.
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DISCK has been the subject of a number of research reports. Zacks Investment Research raised shares of Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Thursday, July 20th. BidaskClub lowered shares of Discovery Communications from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. ValuEngine lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Barrington Research reaffirmed a “market perform” rating on shares of Discovery Communications in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. Discovery Communications presently has a consensus rating of “Hold” and a consensus 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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