Princeton Portfolio Strategies Group LLC decreased its holdings in DISCOVERY COMMUNICATIONS INC. Common Stock (NASDAQ:DISCA) by 29.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 98,140 shares of the company’s stock after selling 41,700 shares during the quarter. Princeton Portfolio Strategies Group LLC’s holdings in DISCOVERY COMMUNICATIONS INC. Common Stock were worth $2,699,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its holdings in DISCOVERY COMMUNICATIONS INC. Common Stock by 734.2% in the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 61,500 shares of the company’s stock valued at $1,296,000 after buying an additional 54,128 shares during the period. General American Investors Co. Inc. increased its stake in DISCOVERY COMMUNICATIONS INC. Common Stock by 113.6% during the first quarter. General American Investors Co. Inc. now owns 404,285 shares of the company’s stock worth $8,664,000 after purchasing an additional 215,000 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in DISCOVERY COMMUNICATIONS INC. Common Stock by 66.2% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 41,763 shares of the company’s stock worth $895,000 after purchasing an additional 16,641 shares during the period. Oppenheimer & Co. Inc. increased its stake in DISCOVERY COMMUNICATIONS INC. Common Stock by 37.8% during the first quarter. Oppenheimer & Co. Inc. now owns 44,072 shares of the company’s stock worth $944,000 after purchasing an additional 12,099 shares during the period. Finally, Westpac Banking Corp increased its stake in DISCOVERY COMMUNICATIONS INC. Common Stock by 48.7% during the first quarter. Westpac Banking Corp now owns 111,696 shares of the company’s stock worth $2,394,000 after purchasing an additional 36,600 shares during the period. 38.20% of the stock is currently owned by institutional investors.

DISCA stock opened at $26.39 on Friday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.45 and a current ratio of 1.45. DISCOVERY COMMUNICATIONS INC. Common Stock has a fifty-two week low of $15.99 and a fifty-two week high of $28.78. The company has a market cap of $13.57 billion, a P/E ratio of 11.78, a PEG ratio of 0.63 and a beta of 1.45.

DISCOVERY COMMUNICATIONS INC. Common Stock (NASDAQ:DISCA) last released its earnings results on Tuesday, August 7th. The company reported $0.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.18). DISCOVERY COMMUNICATIONS INC. Common Stock had a positive return on equity of 17.68% and a negative net margin of 8.28%. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.85 billion. analysts anticipate that DISCOVERY COMMUNICATIONS INC. Common Stock will post 2.74 EPS for the current year.

A number of analysts have issued reports on DISCA shares. JPMorgan Chase & Co. upgraded shares of DISCOVERY COMMUNICATIONS INC. Common Stock from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $26.77 to $29.00 in a research note on Thursday, May 3rd. ValuEngine upgraded shares of DISCOVERY COMMUNICATIONS INC. Common Stock from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 16th. Zacks Investment Research lowered shares of DISCOVERY COMMUNICATIONS INC. Common Stock from a “buy” rating to a “hold” rating in a research note on Thursday, May 3rd. BidaskClub upgraded shares of DISCOVERY COMMUNICATIONS INC. Common Stock from a “hold” rating to a “buy” rating in a research note on Saturday, June 16th. Finally, MKM Partners boosted their price target on shares of DISCOVERY COMMUNICATIONS INC. Common Stock to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, July 3rd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $27.15.

In other DISCOVERY COMMUNICATIONS INC. Common Stock news, Director John C. Malone purchased 1,407,000 shares of the stock in a transaction that occurred on Wednesday, June 13th. The stock was purchased at an average cost of $23.44 per share, with a total value of $32,980,080.00. Following the completion of the acquisition, the director now directly owns 780,335 shares of the company’s stock, valued at approximately $18,291,052.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.73% of the stock is currently owned by corporate insiders.

About DISCOVERY COMMUNICATIONS INC. Common Stock

Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, The Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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Institutional Ownership by Quarter for DISCOVERY COMMUNICATIONS INC. Common Stock (NASDAQ:DISCA)

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