Delta Financial Advisors LLC boosted its holdings in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 32.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,650 shares of the company’s stock after acquiring an additional 5,535 shares during the quarter. Delta Financial Advisors LLC’s holdings in Discovery Communications were worth $742,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Evoke Wealth LLC purchased a new position in shares of Discovery Communications during the third quarter worth $26,000. Truewealth LLC purchased a new stake in Discovery Communications in the 4th quarter valued at approximately $26,000. Covington Capital Management boosted its holdings in Discovery Communications by 106.0% in the 3rd quarter. Covington Capital Management now owns 1,030 shares of the company’s stock valued at $27,000 after purchasing an additional 530 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its holdings in Discovery Communications by 74.0% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 835 shares of the company’s stock valued at $27,000 after purchasing an additional 355 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its holdings in Discovery Communications by 558.7% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 1,133 shares of the company’s stock valued at $30,000 after purchasing an additional 961 shares in the last quarter. 35.33% of the stock is owned by institutional investors.

DISCA stock opened at $30.30 on Friday. Discovery Communications Inc. has a 1 year low of $25.90 and a 1 year high of $33.65. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.52 and a current ratio of 1.52. The stock’s 50 day moving average price is $31.30 and its 200 day moving average price is $29.70. The firm has a market cap of $15.67 billion, a P/E ratio of 11.70, a PEG ratio of 0.34 and a beta of 1.57.

A number of equities research analysts have weighed in on the company. Barrington Research reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Discovery Communications in a report on Thursday, November 7th. ValuEngine lowered Discovery Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. UBS Group boosted their price target on Discovery Communications from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Rosenblatt Securities boosted their price target on Discovery Communications from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Sunday, November 10th. Finally, Wells Fargo & Co boosted their price target on Discovery Communications from $38.00 to $39.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Discovery Communications currently has an average rating of “Hold” and an average target price of $36.67.

In related news, insider David Leavy sold 44,970 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $32.25, for a total value of $1,450,282.50. Following the sale, the insider now owns 211,883 shares of the company’s stock, valued at approximately $6,833,226.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Bruce Campbell sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $33.01, for a total value of $825,250.00. Following the completion of the sale, the insider now directly owns 364,219 shares in the company, valued at approximately $12,022,869.19. The disclosure for this sale can be found here. 4.43% of the stock is currently owned by corporate insiders.

About Discovery Communications

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.

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

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