ING Groep NV lifted its holdings in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 12.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,780 shares of the company’s stock after buying an additional 2,070 shares during the period. ING Groep NV’s holdings in Discovery Communications were worth $601,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of DISCA. Allianz Asset Management GmbH increased its stake in Discovery Communications by 297.7% during the first quarter. Allianz Asset Management GmbH now owns 62,024 shares of the company’s stock worth $1,329,000 after acquiring an additional 93,402 shares during the last quarter. James Investment Research Inc. increased its stake in Discovery Communications by 12.9% during the second quarter. James Investment Research Inc. now owns 90,075 shares of the company’s stock worth $2,477,000 after acquiring an additional 10,295 shares during the last quarter. Douglas Lane & Associates LLC acquired a new stake in Discovery Communications during the second quarter worth about $1,928,000. Unigestion Holding SA acquired a new stake in Discovery Communications during the second quarter worth about $23,579,000. Finally, Janney Montgomery Scott LLC increased its stake in Discovery Communications by 6.4% during the second quarter. Janney Montgomery Scott LLC now owns 80,984 shares of the company’s stock worth $2,227,000 after acquiring an additional 4,848 shares during the last quarter. Institutional investors and hedge funds own 35.94% of the company’s stock.

In other Discovery Communications news, insider Kurt Wehner sold 7,233 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $30.04, for a total transaction of $217,279.32. Following the completion of the sale, the insider now owns 18,844 shares in the company, valued at approximately $566,073.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Savalle Sims sold 1,666 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $28.21, for a total value of $46,997.86. Following the sale, the general counsel now owns 208 shares of the company’s stock, valued at approximately $5,867.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 464,652 shares of company stock valued at $13,203,210. 6.73% of the stock is owned by insiders.

DISCA stock opened at $30.47 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.61. Discovery Communications Inc. has a 1 year low of $16.98 and a 1 year high of $34.89. The stock has a market capitalization of $16.46 billion, a PE ratio of 14.42, a P/E/G ratio of 0.44 and a beta of 1.24.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings data on Thursday, November 8th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). Discovery Communications had a negative net margin of 8.52% and a positive return on equity of 17.05%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter last year, the business earned $0.43 EPS. Discovery Communications’s revenue for the quarter was up 57.0% compared to the same quarter last year. Equities analysts predict that Discovery Communications Inc. will post 2.67 earnings per share for the current year.

Several equities research analysts have commented on DISCA shares. Zacks Investment Research upgraded Discovery Communications from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. ValuEngine upgraded Discovery Communications from a “strong sell” rating to a “sell” rating in a research note on Monday, July 30th. Pivotal Research restated a “hold” rating and set a $26.00 price target on shares of Discovery Communications in a research note on Tuesday, August 7th. Barrington Research restated a “buy” rating and set a $30.00 price target on shares of Discovery Communications in a research note on Tuesday, August 7th. Finally, Imperial Capital lowered their target price on Discovery Communications from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $32.91.

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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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