United States Steel & Carnegie Pension Fund continued to hold its position in Discovery Communications Inc. (NASDAQ:DISCK) during the first quarter, Holdings Channel reports. The fund owned 3,466,622 shares of the company’s stock at the end of the first quarter. Discovery Communications comprises about 3.0% of United States Steel & Carnegie Pension Fund’s investment portfolio, making the stock its 5th largest position. United States Steel & Carnegie Pension Fund owned about 0.59% of Discovery Communications worth $98,140,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Cim Investment Mangement Inc. raised its stake in shares of Discovery Communications by 1.1% in the fourth quarter. Cim Investment Mangement Inc. now owns 8,443 shares of the company’s stock worth $226,000 after buying an additional 94 shares during the last quarter. SG Americas Securities LLC raised its stake in Discovery Communications by 0.5% in the third quarter. SG Americas Securities LLC now owns 91,444 shares of the company’s stock valued at $2,406,000 after buying an additional 417 shares during the last quarter. Private Advisor Group LLC raised its stake in Discovery Communications by 4.7% in the fourth quarter. Private Advisor Group LLC now owns 10,019 shares of the company’s stock valued at $260,000 after buying an additional 454 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Discovery Communications by 2.2% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 37,164 shares of the company’s stock valued at $978,000 after buying an additional 816 shares during the last quarter. Finally, Macquarie Group Ltd. raised its stake in Discovery Communications by 1.5% in the fourth quarter. Macquarie Group Ltd. now owns 67,015 shares of the company’s stock valued at $1,795,000 after buying an additional 970 shares during the last quarter. Hedge funds and other institutional investors own 48.10% of the company’s stock.

Institutional Ownership by Quarter for Discovery Communications (NASDAQ:DISCK)

Shares of Discovery Communications Inc. (NASDAQ:DISCK) traded down 0.24% on Friday, hitting $28.65. 1,123,142 shares of the stock traded hands. The stock’s 50 day moving average price is $27.67 and its 200 day moving average price is $27.01. The stock has a market cap of $16.77 billion, a P/E ratio of 14.64 and a beta of 1.50. Discovery Communications Inc. has a 52-week low of $22.43 and a 52-week high of $29.11.

Discovery Communications (NASDAQ:DISCK) last announced its quarterly earnings data on Tuesday, February 14th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.47 by $0.09. Discovery Communications had a net margin of 17.14% and a return on equity of 22.76%. The business earned $1.67 billion during the quarter. On average, equities analysts expect that Discovery Communications Inc. will post $2.15 EPS for the current fiscal year.

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Several equities research analysts recently commented on the stock. TheStreet raised shares of Discovery Communications from a “c+” rating to a “b-” rating in a research note on Monday, April 10th. Zacks Investment Research raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, February 28th.

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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