UBS Asset Management Americas Inc. raised its stake in shares of Discovery Communications Inc. (NASDAQ:DISCA) by 9.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 872,198 shares of the company’s stock after buying an additional 76,093 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.21% of Discovery Communications worth $22,005,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Nordea Investment Management AB increased its stake in Discovery Communications by 10.1% in the second quarter. Nordea Investment Management AB now owns 4,141 shares of the company’s stock valued at $104,000 after buying an additional 381 shares during the period. Creative Planning increased its stake in shares of Discovery Communications by 10.7% in the second quarter. Creative Planning now owns 5,220 shares of the company’s stock worth $132,000 after buying an additional 503 shares during the last quarter. Euclid Advisors LLC increased its stake in shares of Discovery Communications by 9.5% in the first quarter. Euclid Advisors LLC now owns 5,200 shares of the company’s stock worth $149,000 after buying an additional 450 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of Discovery Communications by 6.4% in the second quarter. LS Investment Advisors LLC now owns 8,083 shares of the company’s stock worth $204,000 after buying an additional 485 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Discovery Communications during the second quarter worth about $256,000. 40.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of Discovery Communications Inc. (NASDAQ:DISCA) opened at 24.35 on Friday. The company has a 50-day moving average of $25.85 and a 200 day moving average of $26.82. Discovery Communications Inc. has a 12-month low of $23.66 and a 12-month high of $31.80. The company has a market cap of $10.18 billion, a PE ratio of 13.24 and a beta of 1.59.

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

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reissued a “hold” rating on shares of Discovery Communications in a report on Saturday, July 9th. Zacks Investment Research raised shares of Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Wednesday, July 27th. Jefferies Group reissued a “hold” rating on shares of Discovery Communications in a report on Thursday, August 11th. MKM Partners lowered their price target on shares of Discovery Communications from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, July 18th. Finally, Macquarie raised shares of Discovery Communications from an “underperform” rating to a “neutral” rating and lowered their price target for the stock from $28.76 to $27.00 in a report on Wednesday, August 3rd. Three research 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’s stock. Discovery Communications has a consensus rating of “Hold” and an average target price of $30.43.

About Discovery Communications

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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