A number of institutional investors have recently bought and sold shares of DISCA. Zacks Lowered stocks of Discovery Communications from a "hold" recommendation to a "sell" recommendation in a analysis note on early Thur, May 4th. Clearbridge Investments LLC now owns 17,843,671 shares of the company's stock worth $519,072,000 after buying an additional 399,171 shares during the last quarter. Hotchkis & Wiley Capital Management LLC added to its ownership by buying 537,357 shares an increase of 10.1% in the 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. Strs Ohio increased its position in Discovery Communications by 31.3% in the second quarter.
Suntrust Banks Inc, which manages about $16.64 billion US Long portfolio, upped its stake in Dollar Gen Corp New (NYSE:DG) by 10,818 shares to 62,497 shares, valued at $4.63 million in 2016Q4, according to the filing. 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. FMR LLC boosted its stake in Discovery Communications by 32.7% in the second quarter. The value in dollars increased from $3,296,000 to $3,380,000 a change of 2.5% quarter over quarter.
Piper Jaffray bumped up the target of Discovery Communications (NDAQ:DISCA) to $27.00 stating a potential upside of 0.17%.
In the market the company is trading up by 0.86% since yesterday's close of $23.3.
About 1.74 million shares traded. Discovery Communications, Inc. has a 1-year low of $22.82 and a 1-year high of $30.25.
The firm has a 50-day moving average of $24.68 and a 200-day moving average of $26.40. Market valuation of the company is $12.43 B, a PE book ratio of 11.56 along with a stock beta of 1.47.
Discovery Communications (NASDAQ:DISCK) last announced its quarterly earnings results on Monday, July 31st. The value of the investment in DISCB decreased from $2,000 to $2,000 decreasing 0.0% quarter to quarter. The company had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.76 billion.
Discovery Communications, Inc. (DISCK) stock exposed a turn of -7.04% in most recent week and accomplished -13.97% performance over the last one month. During the same quarter in the previous year, the company posted $0.71 earnings per share. As of the latest earnings report the EPS was $1.88 and is projected to be $2.24 for the current year with 570,000,000 shares now outstanding.
COPYRIGHT VIOLATION WARNING: This piece of content was posted by Rincon Hill News and is the sole property of of Rincon Hill News. If you are reading this news story on another domain, it was illegally copied and republished in violation of USA & worldwide trademark and copyright law. Finally, Weik Investment Services Inc. acquired a new position in Discovery Communications during the first quarter valued at $209,000. 1 equities equity analyst has recommended the share with a sell recommendation, two has issued a hold recommendation and 1 has given a buy recommendation to the firms shares. Deutsche Bank maintained the shares of MU in report on Wednesday, October 5 with "Buy" rating. Pivotal Research reiterated a "hold" rating and set a $28.00 price objective (up from $27.00) on shares of Discovery Communications in a report on Sunday, April 23rd. Five research 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. FBR Capital has "Mkt Perform" rating and $28 target. Also, CFO Gunnar Wiedenfels purchased 20,000 shares of the stock in a transaction dated Tuesday, August 1st. It also increased its holding in Raytheon Co (NYSE:RTN) by 15,494 shares in the quarter, for a total of 259,817 shares, and has risen its stake in Morgan Stanley (NYSE:MS). The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. $28.09's average target is 22.40% above currents $22.95 stock price. The disclosure for this sale can be found here.
About shares traded. Discovery Communications Inc. 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. The Company's divisions include U.S.