Discovery Communications, Inc. (NASDAQ:DISCA) CFO Gunnar Wiedenfels acquired 20,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was acquired at an average cost of $23.01 per share, for a total transaction of $460,200.00. Following the transaction, the chief financial officer now owns 20,000 shares of the company’s stock, valued at approximately $460,200. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Gunnar Wiedenfels also recently made the following trade(s):
- On Tuesday, August 15th, Gunnar Wiedenfels bought 15,000 shares of Discovery Communications stock. The stock was purchased at an average price of $21.70 per share, for a total transaction of $325,500.00.
Shares of Discovery Communications, Inc. (NASDAQ DISCA) traded up 1.12% during trading on Friday, reaching $22.49. The company’s stock had a trading volume of 4,179,155 shares. The company has a market cap of $12.82 billion, a PE ratio of 11.93 and a beta of 1.59. Discovery Communications, Inc. has a 12-month low of $22.12 and a 12-month high of $30.25. The company has a 50 day moving average of $25.12 and a 200 day moving average of $26.95.
Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings results on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.72 by $0.04. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.76 billion. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. Discovery Communications’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 earnings per share. On average, analysts anticipate that Discovery Communications, Inc. will post $2.23 EPS for the current fiscal year.
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Large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of Discovery Communications by 2,394.5% in the first quarter. BlackRock Inc. now owns 9,346,002 shares of the company’s stock valued at $271,875,000 after buying an additional 8,971,338 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Discovery Communications by 20.3% in the first quarter. Bank of New York Mellon Corp now owns 10,967,133 shares of the company’s stock valued at $319,034,000 after buying an additional 1,848,329 shares during the period. Strs Ohio boosted its stake in shares of Discovery Communications by 59,357.5% in the first quarter. Strs Ohio now owns 1,277,148 shares of the company’s stock valued at $37,152,000 after buying an additional 1,275,000 shares during the period. FMR LLC boosted its stake in shares of Discovery Communications by 32.7% in the second quarter. FMR LLC now owns 4,938,569 shares of the company’s stock valued at $127,563,000 after buying an additional 1,216,517 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Discovery Communications by 5.2% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 18,606,223 shares of the company’s stock valued at $480,599,000 after buying an additional 917,632 shares during the period. 44.22% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have issued reports on DISCA. Piper Jaffray Companies began coverage on Discovery Communications in a research note on Friday, August 11th. They issued a “neutral” rating and a $27.00 target price on the stock. Barrington Research restated a “market perform” rating on shares of Discovery Communications in a research note on Wednesday, August 2nd. Royal Bank Of Canada lowered their target price on Discovery Communications from $32.00 to $29.00 and set an “outperform” rating on the stock in a research note on Thursday. BidaskClub lowered Discovery Communications from a “sell” rating to a “strong sell” rating in a research note on Friday. Finally, FBR & Co lowered their target price on Discovery Communications from $30.00 to $28.00 and set a “mkt perform” rating on the stock in a research note on Tuesday, August 1st. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $27.27.
About Discovery Communications
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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