Discovery Communications, Inc. (DISCK) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP raised its holdings in Discovery Communications, Inc. (NASDAQ:DISCK) by 25.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,959,719 shares of the company’s stock after acquiring an additional 402,766 shares during the quarter. Dimensional Fund Advisors LP owned 0.34% of Discovery Communications worth $49,406,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Fiduciary Trust Co. acquired a new stake in Discovery Communications in the 2nd quarter valued at about $160,000. Cadence Capital Management LLC lifted its holdings in Discovery Communications by 0.7% in the 2nd quarter. Cadence Capital Management LLC now owns 8,111 shares of the company’s stock valued at $204,000 after acquiring an additional 55 shares during the last quarter. Creative Planning lifted its holdings in Discovery Communications by 1.0% in the 2nd quarter. Creative Planning now owns 8,545 shares of the company’s stock valued at $215,000 after acquiring an additional 87 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in Discovery Communications by 5.0% in the 2nd quarter. LS Investment Advisors LLC now owns 10,607 shares of the company’s stock valued at $267,000 after acquiring an additional 502 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in Discovery Communications by 86.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 11,748 shares of the company’s stock valued at $295,000 after acquiring an additional 5,459 shares during the last quarter. 45.30% of the stock is owned by institutional investors.
DISCK has been the topic of several recent analyst reports. Zacks Investment Research upgraded Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Thursday, July 20th. BidaskClub downgraded Discovery Communications from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Barrington Research restated a “market perform” rating on shares of Discovery Communications in a report on Tuesday, August 1st. Finally, ValuEngine downgraded Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Discovery Communications currently has an average rating of “Hold” and a consensus target price of $29.00.
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Shares of Discovery Communications, Inc. (NASDAQ DISCK) opened at 19.26 on Friday. The firm has a market cap of $10.98 billion, a P/E ratio of 10.22 and a beta of 1.43. Discovery Communications, Inc. has a 12-month low of $17.97 and a 12-month high of $29.18. The firm’s 50-day moving average price is $19.84 and its 200 day moving average price is $23.84.
Discovery Communications (NASDAQ:DISCK) last issued its earnings results on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.04). Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The company had revenue of $1.75 billion for the quarter. On average, equities analysts expect that Discovery Communications, Inc. will post $2.23 earnings per share for the current fiscal year.
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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