Warren Averett Asset Management LLC reduced its position in shares of Discovery Communications, Inc. (NASDAQ:DISCK) by 12.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,301 shares of the company’s stock after selling 3,351 shares during the period. Warren Averett Asset Management LLC’s holdings in Discovery Communications were worth $613,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NGAM Advisors L.P. boosted its position in shares of Discovery Communications by 3.4% in the second quarter. NGAM Advisors L.P. now owns 158,728 shares of the company’s stock worth $4,002,000 after buying an additional 5,210 shares during the last quarter. Greenleaf Trust boosted its position in shares of Discovery Communications by 12.8% in the second quarter. Greenleaf Trust now owns 143,745 shares of the company’s stock worth $3,624,000 after buying an additional 16,300 shares during the last quarter. APG Asset Management N.V. boosted its position in shares of Discovery Communications by 31.3% in the second quarter. APG Asset Management N.V. now owns 1,255,704 shares of the company’s stock worth $31,656,000 after buying an additional 299,600 shares during the last quarter. Doyle Wealth Management bought a new position in shares of Discovery Communications during the second quarter worth about $470,000. Finally, BB&T Corp boosted its position in shares of Discovery Communications by 3.9% in the second quarter. BB&T Corp now owns 240,789 shares of the company’s stock worth $6,070,000 after buying an additional 9,019 shares during the last quarter. Institutional investors own 46.82% of the company’s stock.
Shares of Discovery Communications, Inc. (DISCK) traded down 0.27% during mid-day trading on Friday, hitting $21.87. The company had a trading volume of 2,111,494 shares. Discovery Communications, Inc. has a 1-year low of $21.75 and a 1-year high of $29.18. The company has a market capitalization of $12.47 billion, a price-to-earnings ratio of 11.60 and a beta of 1.47. The company has a 50-day moving average price of $24.68 and a 200-day moving average price of $26.40.
Discovery Communications (NASDAQ:DISCK) last issued its earnings results on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.72 by $0.04. The firm had revenue of $1.75 billion during the quarter. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. On average, equities analysts anticipate that Discovery Communications, Inc. will post $2.24 EPS for the current year.
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A number of brokerages have issued reports on DISCK. BidaskClub cut Discovery Communications from a “sell” rating to a “strong sell” rating in a research note on Saturday. Barrington Research restated a “market perform” rating on shares of Discovery Communications in a research note on Tuesday, August 1st. Zacks Investment Research upgraded Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Thursday, July 20th. ValuEngine cut Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, TheStreet cut Discovery Communications from a “b-” rating to a “c+” rating in a research note on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $29.00.
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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