Cibc World Markets Corp Buys 23,943 Shares of Discovery Communications, Inc. (DISCK)
Cibc World Markets Corp raised its stake in shares of Discovery Communications, Inc. (NASDAQ:DISCK) by 106.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,459 shares of the company’s stock after buying an additional 23,943 shares during the quarter. Cibc World Markets Corp’s holdings in Discovery Communications were worth $1,171,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. Swiss National Bank grew its stake in shares of Discovery Communications by 0.8% in the second quarter. Swiss National Bank now owns 795,274 shares of the company’s stock worth $20,049,000 after acquiring an additional 6,300 shares during the last quarter. Teachers Advisors LLC increased its holdings in shares of Discovery Communications by 1.1% during the first quarter. Teachers Advisors LLC now owns 472,618 shares of the company’s stock valued at $13,380,000 after acquiring an additional 5,324 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its holdings in shares of Discovery Communications by 482.6% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 35,398 shares of the company’s stock valued at $892,000 after acquiring an additional 29,322 shares in the last quarter. Seizert Capital Partners LLC increased its holdings in shares of Discovery Communications by 11.2% during the second quarter. Seizert Capital Partners LLC now owns 3,237,316 shares of the company’s stock valued at $81,613,000 after acquiring an additional 325,593 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Discovery Communications by 24.7% during the second quarter. First Trust Advisors LP now owns 139,982 shares of the company’s stock valued at $3,529,000 after acquiring an additional 27,714 shares in the last quarter. 45.29% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Discovery Communications from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Thursday, July 20th. BidaskClub downgraded shares of Discovery Communications from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. ValuEngine downgraded shares of Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Barrington Research restated a “market perform” rating on shares of Discovery Communications in a research note on Tuesday, August 1st. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Discovery Communications currently has a consensus rating of “Hold” and an average target price of $29.00.
Shares of Discovery Communications, Inc. (DISCK) opened at 20.26 on Monday. The company’s 50 day moving average is $21.29 and its 200 day moving average is $25.07. The company has a market cap of $11.55 billion, a P/E ratio of 10.75 and a beta of 1.44. Discovery Communications, Inc. has a 12 month low of $19.36 and a 12 month high of $29.18.
Discovery Communications (NASDAQ:DISCK) last released its earnings results on Monday, July 31st. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.04). Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The company had revenue of $1.75 billion for the quarter. On average, equities research analysts predict that Discovery Communications, Inc. will post $2.24 EPS for the current fiscal year.
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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 (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.
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