DNB Asset Management AS increased its holdings in Discovery Communications Inc. (NASDAQ:DISCA) by 18.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,767 shares of the company’s stock after purchasing an additional 2,500 shares during the period. DNB Asset Management AS’s holdings in Discovery Communications were worth $505,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Dupont Capital Management Corp grew its position in Discovery Communications by 108.8% during the second quarter. Dupont Capital Management Corp now owns 6,010 shares of the company’s stock valued at $165,000 after acquiring an additional 3,132 shares during the period. Greenleaf Trust grew its position in Discovery Communications by 167.5% during the second quarter. Greenleaf Trust now owns 7,585 shares of the company’s stock valued at $209,000 after acquiring an additional 4,750 shares during the period. Fox Run Management L.L.C. purchased a new stake in Discovery Communications during the third quarter valued at about $249,000. Flossbach Von Storch AG purchased a new stake in Discovery Communications during the second quarter valued at about $223,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in Discovery Communications during the second quarter valued at about $260,000. 37.36% of the stock is owned by institutional investors and hedge funds.

In related news, Director Kenneth W. Lowe sold 183,621 shares of the business’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $25.58, for a total value of $4,697,025.18. Following the transaction, the director now owns 1,331,277 shares in the company, valued at $34,054,065.66. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Bruce Campbell sold 31,462 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $30.00, for a total value of $943,860.00. Following the sale, the insider now owns 72,256 shares in the company, valued at approximately $2,167,680. The disclosure for this sale can be found here. In the last quarter, insiders sold 317,374 shares of company stock worth $8,811,521. Insiders own 6.73% of the company’s stock.

Several equities research analysts have recently weighed in on the company. ValuEngine raised Discovery Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, September 12th. Macquarie set a $38.00 target price on Discovery Communications and gave the stock a “buy” rating in a research report on Friday, September 14th. Imperial Capital assumed coverage on Discovery Communications in a research report on Tuesday, June 26th. They issued an “outperform” rating and a $32.00 target price for the company. Credit Suisse Group assumed coverage on Discovery Communications in a research report on Tuesday, July 10th. They issued a “neutral” rating and a $30.00 target price for the company. Finally, Barrington Research reaffirmed a “buy” rating and issued a $30.00 target price on shares of Discovery Communications in a research report on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Discovery Communications currently has a consensus rating of “Buy” and a consensus price target of $30.31.

NASDAQ:DISCA opened at $33.40 on Friday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.45 and a current ratio of 1.45. Discovery Communications Inc. has a one year low of $15.99 and a one year high of $34.06. The stock has a market capitalization of $17.31 billion, a P/E ratio of 15.85, a price-to-earnings-growth ratio of 0.56 and a beta of 1.44.

Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings results on Tuesday, August 7th. The company reported $0.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.18). Discovery Communications had a positive return on equity of 17.68% and a negative net margin of 8.28%. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. As a group, equities research analysts predict that Discovery Communications Inc. will post 2.63 earnings per share for the current year.

Discovery Communications Profile

Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, The Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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

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