Eaton Vance Management decreased its holdings in Discovery Communications, Inc. (NASDAQ:DISCK) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 37,492 shares of the company’s stock after selling 696 shares during the period. Eaton Vance Management’s holdings in Discovery Communications were worth $945,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Teachers Advisors LLC grew its position in Discovery Communications by 1.1% during the 1st quarter. Teachers Advisors LLC now owns 472,618 shares of the company’s stock worth $13,380,000 after acquiring an additional 5,324 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its position in Discovery Communications by 482.6% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 35,398 shares of the company’s stock worth $892,000 after acquiring an additional 29,322 shares during the last quarter. Swiss National Bank grew its position in Discovery Communications by 0.8% during the 2nd quarter. Swiss National Bank now owns 795,274 shares of the company’s stock worth $20,049,000 after acquiring an additional 6,300 shares during the last quarter. Seizert Capital Partners LLC grew its position in Discovery Communications by 11.2% during the 2nd quarter. Seizert Capital Partners LLC now owns 3,237,316 shares of the company’s stock worth $81,613,000 after acquiring an additional 325,593 shares during the last quarter. Finally, First Trust Advisors LP grew its position in Discovery Communications by 24.7% during the 2nd quarter. First Trust Advisors LP now owns 139,982 shares of the company’s stock worth $3,529,000 after acquiring an additional 27,714 shares during the last quarter. Institutional investors own 45.29% of the company’s stock.

Shares of Discovery Communications, Inc. (DISCK) opened at 20.42 on Friday. The company has a market cap of $11.64 billion, a price-to-earnings ratio of 10.83 and a beta of 1.46. The firm has a 50 day moving average price of $21.29 and a 200-day moving average price of $25.07. Discovery Communications, Inc. has a 52-week low of $19.36 and a 52-week high of $29.18.

Discovery Communications (NASDAQ:DISCK) last released its quarterly earnings results 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 net margin of 16.88% and a return on equity of 22.74%. The firm had revenue of $1.75 billion for the quarter. Equities research analysts anticipate that Discovery Communications, Inc. will post $2.24 earnings per share for the current year.

A number of brokerages recently weighed in on DISCK. Barrington Research restated a “market perform” rating on shares of Discovery Communications in a research report on Tuesday, August 1st. Zacks Investment Research lowered Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. ValuEngine lowered Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub upgraded Discovery Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $29.00.

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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.

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

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