RNC Capital Management LLC trimmed its stake in shares of Discovery Communications Inc. (NASDAQ:DISCK) by 42.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 73,597 shares of the company’s stock after selling 53,925 shares during the period. RNC Capital Management LLC’s holdings in Discovery Communications were worth $1,558,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. raised its holdings in shares of Discovery Communications by 6.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 868,072 shares of the company’s stock worth $21,885,000 after purchasing an additional 51,790 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Discovery Communications by 326.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 740,082 shares of the company’s stock worth $18,657,000 after purchasing an additional 566,611 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Discovery Communications by 53.6% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 24,225 shares of the company’s stock worth $611,000 after purchasing an additional 8,450 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Discovery Communications by 16.3% in the 2nd quarter. Franklin Resources Inc. now owns 12,881 shares of the company’s stock worth $325,000 after purchasing an additional 1,803 shares in the last quarter. Finally, Teachers Advisors LLC raised its holdings in shares of Discovery Communications by 4.8% in the 2nd quarter. Teachers Advisors LLC now owns 495,102 shares of the company’s stock worth $12,482,000 after purchasing an additional 22,484 shares in the last quarter. Institutional investors own 48.07% of the company’s stock.

A number of analysts recently commented on the stock. Zacks Investment Research downgraded shares of Discovery Communications from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. BidaskClub downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. ValuEngine downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Morgan Stanley dropped their target price on shares of Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 26th. Five analysts have rated the stock with a hold rating, Discovery Communications has a consensus rating of “Hold” and an average target price of $25.50.

Discovery Communications Inc. (NASDAQ DISCK) opened at $23.20 on Wednesday. The firm has a market cap of $8,718.24, a P/E ratio of 12.15 and a beta of 1.42. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 2.56. Discovery Communications Inc. has a 1 year low of $14.99 and a 1 year high of $29.18.

Discovery Communications (NASDAQ:DISCK) last released its earnings results on Thursday, November 2nd. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.10). Discovery Communications had a return on equity of 22.24% and a net margin of 16.63%. research analysts predict that Discovery Communications Inc. will post 2.17 EPS for the current year.

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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.

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

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