Crossmark Global Holdings Inc. acquired a new position in Discovery Communications, Inc. (NASDAQ:DISCA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,008 shares of the company’s stock, valued at approximately $575,000.

Other institutional investors have also bought and sold shares of the company. Louisiana State Employees Retirement System raised its position in shares of Discovery Communications by 1.1% during the second 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 raised its position in shares of Discovery Communications by 0.9% during the second 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. Sentry Investment Management LLC raised its position in shares of Discovery Communications by 1.1% during the second quarter. Sentry Investment Management LLC now owns 11,406 shares of the company’s stock worth $295,000 after acquiring an additional 123 shares during the last quarter. Malaga Cove Capital LLC raised its position in shares of Discovery Communications by 1.0% during the second quarter. Malaga Cove Capital LLC now owns 19,536 shares of the company’s stock worth $505,000 after acquiring an additional 192 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Discovery Communications by 0.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,852 shares of the company’s stock worth $616,000 after acquiring an additional 206 shares during the last quarter. 45.34% of the stock is currently owned by institutional investors.

In other news, CFO Gunnar Wiedenfels acquired 15,000 shares of Discovery Communications stock in a transaction dated Friday, November 3rd. The stock was bought at an average cost of $15.45 per share, with a total value of $231,750.00. Following the completion of the transaction, the chief financial officer now directly owns 50,000 shares of the company’s stock, valued at $772,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J David Wargo acquired 100,000 shares of Discovery Communications stock in a transaction dated Monday, November 6th. The shares were purchased at an average cost of $15.76 per share, with a total value of $1,576,000.00. Following the completion of the transaction, the director now directly owns 147,591 shares of the company’s stock, valued at $2,326,034.16. The disclosure for this purchase can be found here. Insiders have bought 195,000 shares of company stock valued at $3,071,750 over the last ninety days. 6.81% of the stock is owned by insiders.

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Discovery Communications, Inc. (NASDAQ DISCA) opened at $17.55 on Friday. Discovery Communications, Inc. has a 52 week low of $15.99 and a 52 week high of $30.25. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 2.56. The stock has a market capitalization of $6,170.00, a PE ratio of 7.83, a price-to-earnings-growth ratio of 0.87 and a beta of 1.57.

Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.12). The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 earnings per share. equities research analysts predict that Discovery Communications, Inc. will post 2.05 EPS for the current year.

A number of equities research analysts have recently weighed in on DISCA shares. Royal Bank Of Canada restated an “outperform” rating and set a $24.00 target price (down previously from $29.00) on shares of Discovery Communications in a research report on Friday, November 3rd. Barclays PLC dropped their price objective on Discovery Communications from $25.00 to $18.00 and set an “underweight” rating for the company in a report on Friday, October 13th. ValuEngine upgraded Discovery Communications from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Credit Suisse Group dropped their price objective on Discovery Communications from $22.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, November 6th. Finally, UBS AG upgraded Discovery Communications from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $25.00 to $23.00 in a report on Tuesday, September 26th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. Discovery Communications has a consensus rating of “Hold” and a consensus price target of $24.27.

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.

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

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