Raymond James Financial Services Advisors Inc. purchased a new position in shares of Discovery Communications, Inc. (NASDAQ:DISCA) during the first quarter, Holdings Channel reports. The institutional investor purchased 12,667 shares of the company’s stock, valued at approximately $368,000.

Several other large investors have also recently modified their holdings of the stock. Mn Services Vermogensbeheer B.V. increased its stake in shares of Discovery Communications by 5.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,915 shares of the company’s stock worth $106,000 after buying an additional 215 shares during the period. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Discovery Communications during the fourth quarter worth $128,000. Daiwa Securities Group Inc. increased its stake in shares of Discovery Communications by 24.7% in the first quarter. Daiwa Securities Group Inc. now owns 4,540 shares of the company’s stock worth $132,000 after buying an additional 900 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Discovery Communications during the first quarter worth $134,000. Finally, Pacad Investment Ltd. purchased a new stake in shares of Discovery Communications during the fourth quarter worth $145,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

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

Discovery Communications, Inc. (NASDAQ DISCA) opened at 26.52 on Friday. The firm’s 50-day moving average price is $26.38 and its 200-day moving average price is $27.77. Discovery Communications, Inc. has a 12 month low of $23.66 and a 12 month high of $30.25. The firm has a market cap of $11.75 billion, a price-to-earnings ratio of 13.87 and a beta of 1.61.

Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings results on Tuesday, May 9th. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.08. Discovery Communications had a net margin of 17.50% and a return on equity of 23.67%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the business earned $0.46 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts predict that Discovery Communications, Inc. will post $2.27 earnings per share for the current year.

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A number of research analysts recently commented on DISCA shares. MKM Partners restated a “neutral” rating and set a $30.00 price objective (up from $27.00) on shares of Discovery Communications in a research note on Tuesday, May 2nd. Jefferies Group LLC restated a “hold” rating and set a $28.00 price objective on shares of Discovery Communications in a research note on Friday. Royal Bank Of Canada set a $32.00 price objective on Discovery Communications and gave the stock a “buy” rating in a research note on Monday, June 12th. ValuEngine downgraded Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Loop Capital downgraded Discovery Communications from a “buy” rating to a “hold” rating and set a $31.00 price objective for the company. in a research note on Wednesday, February 22nd. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has assigned a buy rating to the company. Discovery Communications currently has a consensus rating of “Hold” and an average price target of $29.07.

In other Discovery Communications news, Director Paul A. Gould sold 8,832 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $25.98, for a total value of $229,455.36. Following the transaction, the director now directly owns 188,676 shares in the company, valued at approximately $4,901,802.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.78% of the company’s stock.

Discovery Communications Company Profile

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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