Rafferty Asset Management LLC reduced its stake in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 13.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,485 shares of the company’s stock after selling 1,751 shares during the period. Rafferty Asset Management LLC’s holdings in Discovery Communications were worth $290,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. World Asset Management Inc increased its stake in shares of Discovery Communications by 1.0% in the second quarter. World Asset Management Inc now owns 15,357 shares of the company’s stock valued at $387,000 after buying an additional 146 shares in the last quarter. Opera Trading Capital increased its stake in shares of Discovery Communications by 0.9% in the first quarter. Opera Trading Capital now owns 18,336 shares of the company’s stock valued at $524,000 after buying an additional 170 shares in the last quarter. LPL Financial LLC increased its stake in shares of Discovery Communications by 0.7% in the first quarter. LPL Financial LLC now owns 40,748 shares of the company’s stock valued at $1,166,000 after buying an additional 280 shares in the last quarter. Aviva PLC increased its stake in shares of Discovery Communications by 0.4% in the first quarter. Aviva PLC now owns 76,975 shares of the company’s stock valued at $2,204,000 after buying an additional 312 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Discovery Communications by 1.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,205 shares of the company’s stock valued at $560,000 after buying an additional 319 shares in the last quarter. 40.59% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Discovery Communications Inc. (NASDAQ:DISCA) traded down 0.61% during mid-day trading on Tuesday, hitting $24.40. 2,514,597 shares of the stock were exchanged. Discovery Communications Inc. has a one year low of $23.66 and a one year high of $31.80. The company has a 50-day moving average of $25.75 and a 200 day moving average of $26.77. The stock has a market cap of $10.20 billion, a PE ratio of 13.27 and a beta of 1.59.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Discovery Communications had a net margin of 18.06% and a return on equity of 23.45%. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the business posted $0.49 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. On average, equities analysts predict that Discovery Communications Inc. will post $1.98 earnings per share for the current year.

Several equities research analysts have weighed in on the company. Pivotal Research reaffirmed a “buy” rating on shares of Discovery Communications in a research report on Monday, August 1st. JPMorgan Chase & Co. reissued a “hold” rating on shares of Discovery Communications in a research note on Saturday, July 9th. Zacks Investment Research lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Argus reissued a “buy” rating and set a $40.00 target price on shares of Discovery Communications in a research note on Monday, August 15th. Finally, Jefferies Group reissued a “hold” rating on shares of Discovery Communications in a research note on Thursday, August 11th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $30.43.

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 and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments are U.S.

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