Shell Asset Management Co. lifted its stake in Discovery Communications, Inc. (NASDAQ:DISCA) by 52.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,217 shares of the company’s stock after purchasing an additional 7,682 shares during the quarter. Shell Asset Management Co.’s holdings in Discovery Communications were worth $840,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Achmea Investment Management B.V. purchased a new position in shares of Discovery Communications in the 2nd quarter valued at approximately $1,745,000. Sentry Investment Management LLC raised its position in shares of Discovery Communications by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 11,406 shares of the company’s stock valued at $295,000 after purchasing an additional 123 shares during the last quarter. Toronto Dominion Bank raised its position in shares of Discovery Communications by 26.5% in the 2nd quarter. Toronto Dominion Bank now owns 52,078 shares of the company’s stock valued at $1,345,000 after purchasing an additional 10,898 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Discovery Communications in the 2nd quarter valued at approximately $339,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of Discovery Communications by 0.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 697,493 shares of the company’s stock valued at $18,016,000 after purchasing an additional 2,355 shares during the last quarter. 45.80% of the stock is owned by hedge funds and other institutional investors.

Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings data on Monday, July 31st. The company reported $0.68 earnings per share 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 business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the prior year, the company earned $0.71 EPS. The company’s revenue was up 2.2% on a year-over-year basis.

Several equities analysts recently weighed in on DISCA shares. Barclays PLC cut their price target on shares of Discovery Communications from $25.00 to $18.00 and set an “underweight” rating on the stock in a report on Friday, October 13th. ValuEngine upgraded shares of Discovery Communications from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. UBS AG upgraded shares of Discovery Communications from a “sell” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $23.00 in a report on Tuesday, September 26th. Zacks Investment Research downgraded shares of Discovery Communications from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Finally, Piper Jaffray Companies started coverage on shares of Discovery Communications in a report on Friday, August 11th. They issued a “neutral” rating and a $27.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $26.57.

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In other Discovery Communications news, CFO Gunnar Wiedenfels acquired 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were purchased at an average price of $21.70 per share, with a total value of $325,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 35,000 shares of the company’s stock, valued at approximately $759,500. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul J. Guagliardo acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were acquired at an average cost of $22.71 per share, for a total transaction of $227,100.00. Following the acquisition, the insider now directly owns 10,000 shares of the company’s stock, valued at $227,100. The disclosure for this purchase can be found here. Corporate insiders own 6.81% 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.

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

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