Stifel Financial Corp Acquires 53,570 Shares of Discovery Communications, Inc. (DISCA)
Stifel Financial Corp boosted its holdings in shares of Discovery Communications, Inc. (NASDAQ:DISCA) by 14.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 435,106 shares of the company’s stock after buying an additional 53,570 shares during the quarter. Stifel Financial Corp owned 0.08% of Discovery Communications worth $11,257,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Ballentine Partners LLC acquired a new position in shares of Discovery Communications in the 2nd quarter valued at about $133,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Discovery Communications in the first quarter worth about $182,000. Horizon Investment Services LLC purchased a new stake in shares of Discovery Communications in the first quarter worth about $202,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Discovery Communications by 112.1% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,000 shares of the company’s stock worth $204,000 after buying an additional 3,700 shares during the last quarter. Finally, Montag A & Associates Inc. purchased a new stake in shares of Discovery Communications in the second quarter worth about $209,000. 45.84% of the stock is owned by institutional investors.
Several brokerages recently weighed in on DISCA. Citigroup Inc. upgraded Discovery Communications from a “neutral” rating to a “buy” rating and reduced their price target for the company from $30.00 to $29.00 in a research report on Tuesday, August 1st. Royal Bank Of Canada reissued a “buy” rating and issued a $32.00 price target on shares of Discovery Communications in a report on Friday, July 14th. Pivotal Research upgraded Discovery Communications from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Tuesday, August 8th. Jefferies Group LLC restated a “hold” rating and issued a $28.00 price objective on shares of Discovery Communications in a research report on Friday, June 16th. Finally, BidaskClub raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $27.27.
In other Discovery Communications news, insider Paul J. Guagliardo purchased 10,000 shares of Discovery Communications stock in a transaction on Friday, August 18th. The shares were bought at an average price of $22.71 per share, with a total value of $227,100.00. Following the completion of the acquisition, the insider now directly owns 10,000 shares of the company’s stock, valued at $227,100. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Gunnar Wiedenfels purchased 20,000 shares of Discovery Communications stock in a transaction on Tuesday, August 1st. The stock was acquired at an average cost of $23.01 per share, for a total transaction of $460,200.00. Following the acquisition, the chief financial officer now directly owns 20,000 shares of the company’s stock, valued at $460,200. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 55,000 shares of company stock worth $1,243,300. 6.81% of the stock is owned by company insiders.
Discovery Communications, Inc. (DISCA) opened at 21.53 on Tuesday. The firm’s 50 day moving average price is $21.85 and its 200-day moving average price is $25.49. Discovery Communications, Inc. has a one year low of $20.14 and a one year high of $30.25. The firm has a market cap of $12.27 billion, a PE ratio of 11.42 and a beta of 1.56.
Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings data on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.04). The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.76 billion. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 earnings per share. Equities analysts predict that Discovery Communications, Inc. will post $2.24 EPS for the current fiscal year.
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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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