Discovery Communications Inc. (NASDAQ:DISCA) Stake Raised by Raymond James & Associates

Raymond James & Associates grew its position in Discovery Communications Inc. (NASDAQ:DISCA) by 7.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 655,889 shares of the company’s stock after purchasing an additional 47,848 shares during the quarter. Raymond James & Associates owned approximately 0.13% of Discovery Communications worth $17,722,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Discovery Communications by 10.4% in the fourth quarter. FMR LLC now owns 13,217,760 shares of the company’s stock worth $327,007,000 after buying an additional 1,243,094 shares in the last quarter. BlackRock Inc. raised its stake in Discovery Communications by 11.8% in the fourth quarter. BlackRock Inc. now owns 10,885,778 shares of the company’s stock valued at $269,315,000 after purchasing an additional 1,151,368 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Discovery Communications by 4,198.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,944,085 shares of the company’s stock valued at $119,000 after purchasing an additional 2,875,598 shares in the last quarter. Geode Capital Management LLC raised its stake in Discovery Communications by 19.2% in the fourth quarter. Geode Capital Management LLC now owns 2,741,634 shares of the company’s stock valued at $67,746,000 after purchasing an additional 441,740 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Discovery Communications by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,189,118 shares of the company’s stock valued at $54,160,000 after purchasing an additional 8,803 shares in the last quarter. 34.49% of the stock is currently owned by institutional investors.

Discovery Communications stock traded down $0.87 during mid-day trading on Friday, hitting $29.02. The company’s stock had a trading volume of 4,978,351 shares, compared to its average volume of 4,023,902. The company has a market capitalization of $15.69 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 0.40 and a beta of 1.43. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.45. Discovery Communications Inc. has a one year low of $23.79 and a one year high of $34.89.

Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. Discovery Communications had a return on equity of 20.10% and a net margin of 9.00%. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The business’s revenue was up 17.3% compared to the same quarter last year. As a group, research analysts anticipate that Discovery Communications Inc. will post 3.81 earnings per share for the current year.

Several brokerages have commented on DISCA. BidaskClub raised Discovery Communications from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 9th. ValuEngine lowered Discovery Communications from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. Wolfe Research lowered Discovery Communications from an “outperform” rating to a “peer perform” rating in a research report on Thursday, May 30th. Barrington Research reaffirmed a “buy” rating and issued a $40.00 price target on shares of Discovery Communications in a research report on Tuesday, February 26th. Finally, Credit Suisse Group boosted their target price on Discovery Communications from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. Discovery Communications currently has an average rating of “Buy” and an average target price of $33.89.

In other news, CEO Peter Faricy acquired 35,900 shares of Discovery Communications stock in a transaction dated Tuesday, May 28th. The stock was purchased at an average cost of $27.91 per share, for a total transaction of $1,001,969.00. Following the completion of the purchase, the chief executive officer now directly owns 182,367 shares in the company, valued at approximately $5,089,862.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Bruce Campbell sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $28.89, for a total value of $288,900.00. The disclosure for this sale can be found here. 4.43% of the stock is owned by company insiders.

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About Discovery Communications

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, 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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