Comerica Bank boosted its holdings in Discovery Communications Inc. (NASDAQ:DISCK) by 36.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 93,847 shares of the company’s stock after acquiring an additional 24,961 shares during the quarter. Comerica Bank’s holdings in Discovery Communications were worth $2,029,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DISCK. State of Wisconsin Investment Board boosted its stake in Discovery Communications by 101.1% in the fourth quarter. State of Wisconsin Investment Board now owns 13,528,070 shares of the company’s stock valued at $286,389,000 after buying an additional 6,799,916 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Discovery Communications by 130.0% during the fourth quarter. Mackenzie Financial Corp now owns 3,083,624 shares of the company’s stock valued at $65,280,000 after purchasing an additional 1,743,195 shares in the last quarter. Contrarius Investment Management Ltd acquired a new stake in shares of Discovery Communications during the first quarter valued at about $25,746,000. Cheyne Capital Management UK LLP acquired a new stake in shares of Discovery Communications during the fourth quarter valued at about $23,488,000. Finally, Douglass Winthrop Advisors LLC acquired a new stake in shares of Discovery Communications during the fourth quarter valued at about $22,383,000. 73.50% of the stock is currently owned by institutional investors and hedge funds.

Shares of DISCK stock opened at $21.24 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 2.00. The stock has a market cap of $11.14 billion, a PE ratio of 10.11 and a beta of 1.44. Discovery Communications Inc. has a 12 month low of $14.99 and a 12 month high of $27.15.

Discovery Communications (NASDAQ:DISCK) last posted its quarterly earnings data on Tuesday, May 8th. The company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.13. The company had revenue of $2.31 billion for the quarter. Discovery Communications had a positive return on equity of 19.34% and a negative net margin of 7.40%.

A number of analysts have recently commented on the company. Morgan Stanley cut their price target on Discovery Communications to $29.00 and set an “equal weight” rating on the stock in a research note on Monday, May 7th. BidaskClub lowered Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, May 4th. Finally, ValuEngine lowered Discovery Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $29.00.

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:DISCK)

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