GAM Holding AG lifted its holdings in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 31.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 121,119 shares of the company’s stock after buying an additional 29,290 shares during the period. GAM Holding AG’s holdings in Discovery Communications were worth $3,273,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Karp Capital Management Corp purchased a new position in Discovery Communications in the fourth quarter valued at about $30,000. Smithfield Trust Co. purchased a new position in shares of Discovery Communications during the 4th quarter worth approximately $47,000. Pennsylvania Trust Co purchased a new position in shares of Discovery Communications during the 1st quarter worth approximately $1,085,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Discovery Communications by 96.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,920 shares of the company’s stock worth $52,000 after purchasing an additional 945 shares in the last quarter. Finally, Rational Advisors LLC increased its stake in shares of Discovery Communications by 26.3% during the 4th quarter. Rational Advisors LLC now owns 2,018 shares of the company’s stock worth $50,000 after purchasing an additional 420 shares in the last quarter. Institutional investors and hedge funds own 34.42% of the company’s stock.
In related news, CEO Peter Faricy bought 35,900 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was bought at an average price of $27.91 per share, with a total value of $1,001,969.00. Following the transaction, the chief executive officer now owns 182,367 shares of the company’s stock, valued at $5,089,862.97. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bruce Campbell sold 10,000 shares of Discovery Communications stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $28.89, for a total transaction of $288,900.00. The disclosure for this sale can be found here. Insiders own 4.43% of the company’s stock.
Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.08. Discovery Communications had a net margin of 9.00% and a return on equity of 20.10%. The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the previous year, the firm posted $0.53 EPS. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. On average, equities research analysts forecast that Discovery Communications Inc. will post 3.81 EPS for the current fiscal year.
A number of research analysts have recently weighed in on DISCA shares. BidaskClub raised shares of Discovery Communications from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 9th. Imperial Capital raised their target price on shares of Discovery Communications from $29.00 to $30.00 and gave the stock an “in-line” rating in a research report on Monday. Wolfe Research lowered shares of Discovery Communications from an “outperform” rating to a “peer perform” rating in a research report on Thursday, May 30th. Finally, ValuEngine lowered shares of Discovery Communications from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $33.89.
Discovery Communications Profile
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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