Creative Planning lifted its position in Discovery Communications Inc. (NASDAQ:DISCA) by 13.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,033 shares of the company’s stock after acquiring an additional 974 shares during the period. Creative Planning’s holdings in Discovery Communications were worth $214,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vestmark Advisory Solutions Inc. raised its stake in Discovery Communications by 1.7% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 20,856 shares of the company’s stock valued at $640,000 after purchasing an additional 358 shares during the last quarter. MML Investors Services LLC increased its holdings in Discovery Communications by 4.5% in the 2nd quarter. MML Investors Services LLC now owns 9,185 shares of the company’s stock valued at $282,000 after buying an additional 393 shares during the period. BancorpSouth Bank increased its holdings in Discovery Communications by 2.4% in the 2nd quarter. BancorpSouth Bank now owns 18,285 shares of the company’s stock valued at $561,000 after buying an additional 426 shares during the period. CSat Investment Advisory L.P. increased its holdings in Discovery Communications by 89.5% in the 2nd quarter. CSat Investment Advisory L.P. now owns 902 shares of the company’s stock valued at $28,000 after buying an additional 426 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in Discovery Communications by 1.3% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 33,830 shares of the company’s stock valued at $1,039,000 after buying an additional 430 shares during the period. 34.15% of the stock is currently owned by institutional investors and hedge funds.

DISCA opened at $29.72 on Monday. The firm’s 50-day simple moving average is $27.88 and its 200-day simple moving average is $28.74. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.52 and a current ratio of 1.52. Discovery Communications Inc. has a twelve month low of $23.79 and a twelve month high of $32.87. The firm has a market cap of $15.71 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 0.42 and a beta of 1.55.

Discovery Communications (NASDAQ:DISCA) last posted its earnings results on Thursday, November 7th. The company reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.05. Discovery Communications had a net margin of 16.81% and a return on equity of 23.29%. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the prior year, the firm earned $0.79 EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Discovery Communications Inc. will post 3.67 EPS for the current fiscal year.

Several brokerages have issued reports on DISCA. BidaskClub lowered shares of Discovery Communications from a “hold” rating to a “sell” rating in a report on Wednesday, August 28th. Wells Fargo & Co began coverage on shares of Discovery Communications in a report on Monday, September 23rd. They issued an “outperform” rating and a $35.00 price target on the stock. Imperial Capital raised shares of Discovery Communications from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $29.00 to $34.00 in a report on Tuesday, October 22nd. Barrington Research reissued a “buy” rating and issued a $40.00 price target on shares of Discovery Communications in a report on Thursday, November 7th. Finally, Rosenblatt Securities boosted their price target on shares of Discovery Communications from $30.00 to $33.00 and gave the company a “neutral” rating in a report on Sunday, November 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $34.10.

Discovery Communications Company Profile

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

Featured Story: Fibonacci Channel

Want to see what other hedge funds are holding DISCA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Discovery Communications Inc. (NASDAQ:DISCA).

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

Receive News & Ratings for Discovery Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications and related companies with MarketBeat.com's FREE daily email newsletter.