Ally Financial Inc. continued to hold its position in Discovery Communications, Inc. (NASDAQ:DISCA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,000 shares of the company’s stock at the end of the second quarter. Ally Financial Inc.’s holdings in Discovery Communications were worth $2,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Martingale Asset Management L P grew its holdings in Discovery Communications by 0.3% in the first quarter. Martingale Asset Management L P now owns 20,553 shares of the company’s stock valued at $598,000 after purchasing an additional 52 shares during the period. Louisiana State Employees Retirement System grew its holdings in Discovery Communications by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock valued at $245,000 after purchasing an additional 100 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Discovery Communications by 0.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,424 shares of the company’s stock valued at $295,000 after purchasing an additional 102 shares during the period. Advantus Capital Management Inc grew its holdings in Discovery Communications by 0.9% in the first quarter. Advantus Capital Management Inc now owns 15,202 shares of the company’s stock valued at $442,000 after purchasing an additional 130 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Discovery Communications by 1.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,339 shares of the company’s stock valued at $330,000 after purchasing an additional 145 shares during the period. 45.84% of the stock is owned by institutional investors and hedge funds.

Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings results on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.04). Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter last year, the business earned $0.71 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis.

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In related news, CFO Gunnar Wiedenfels purchased 20,000 shares of the stock in a transaction on Tuesday, August 1st. The shares were bought at an average price of $23.01 per share, for a total transaction of $460,200.00. Following the completion of the acquisition, the chief financial officer now directly owns 20,000 shares in the company, valued at approximately $460,200. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul J. Guagliardo purchased 10,000 shares of the stock in a transaction on Friday, August 18th. The shares were bought at an average price of $22.71 per share, for a total transaction of $227,100.00. Following the acquisition, the insider now owns 10,000 shares of the company’s stock, valued at $227,100. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 55,000 shares of company stock worth $1,243,300. Corporate insiders own 6.81% of the company’s stock.

A number of research firms recently issued reports on DISCA. Pivotal Research upgraded shares of Discovery Communications from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Tuesday, August 8th. MKM Partners restated a “neutral” rating and issued a $26.00 target price (down from $30.00) on shares of Discovery Communications in a report on Wednesday, August 2nd. Royal Bank Of Canada lowered their target price on shares of Discovery Communications from $32.00 to $29.00 and set an “outperform” rating for the company in a report on Thursday, August 17th. Jefferies Group LLC restated a “hold” rating and issued a $28.00 target price on shares of Discovery Communications in a report on Friday, June 16th. Finally, Credit Suisse Group restated an “underperform” rating and issued a $24.00 target price on shares of Discovery Communications in a report on Saturday, July 22nd. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. Discovery Communications currently has a consensus rating of “Hold” and a consensus price target of $27.13.

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

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