Discovery Communications, Inc. (DISCA) CFO Gunnar Wiedenfels Acquires 20,000 Shares

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.

ILLEGAL ACTIVITY WARNING: “Discovery Communications, Inc. (DISCA) CFO Gunnar Wiedenfels Acquires 20,000 Shares” was originally posted by Rincon Hill News and is the property of of Rincon Hill News. If you are reading this report on another site, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://rinconhillneighbors.org/2017/08/19/insider-buying-discovery-communications-inc-disca-cfo-acquires-20000-shares-of-stock-updated-updated.html.

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.

Receive News & Ratings for Discovery Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications Inc. and related companies with our FREE daily email newsletter.

 

Latest News



Leave a Reply

 
© 2006-2017 Rincon Hill News.