Discovery Communications (NASDAQ:DISCA) had its target price decreased by Imperial Capital from $37.00 to $31.00 in a report published on Tuesday, Marketbeat.com reports. Imperial Capital currently has an inline rating on the stock. Imperial Capital also issued estimates for Discovery Communications’ FY2019 earnings at $2.69 EPS, Q1 2020 earnings at $0.71 EPS, Q2 2020 earnings at $0.97 EPS, Q3 2020 earnings at $0.82 EPS and FY2020 earnings at $3.38 EPS.

A number of other analysts have also issued reports on the company. Pivotal Research lowered Discovery Communications from a hold rating to a sell rating and set a $26.00 price target on the stock. in a research note on Tuesday, September 18th. Credit Suisse Group raised Discovery Communications from a neutral rating to an outperform rating and raised their price target for the stock from $30.00 to $40.00 in a research note on Wednesday, October 10th. Bank of America raised their price target on Discovery Communications from $30.00 to $35.50 and gave the stock a buy rating in a research note on Thursday, September 13th. Jefferies Financial Group raised Discovery Communications from a hold rating to a buy rating and set a $20.00 price target on the stock in a research note on Tuesday, August 21st. Finally, JPMorgan Chase & Co. raised their price target on Discovery Communications to $38.00 and gave the stock an overweight rating in a research note on Wednesday, October 10th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Discovery Communications currently has a consensus rating of Buy and an average target price of $32.79.

Shares of NASDAQ:DISCA opened at $28.93 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.61. Discovery Communications has a 12-month low of $19.11 and a 12-month high of $34.89. The stock has a market capitalization of $15.26 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 0.41 and a beta of 1.24.

Discovery Communications (NASDAQ:DISCA) last issued its quarterly earnings results on Thursday, November 8th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). Discovery Communications had a positive return on equity of 17.05% and a negative net margin of 8.52%. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same period in the previous year, the business posted $0.43 earnings per share. The firm’s quarterly revenue was up 57.0% on a year-over-year basis. Sell-side analysts expect that Discovery Communications will post 2.67 earnings per share for the current year.

In other news, General Counsel Savalle Sims sold 1,666 shares of Discovery Communications stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $28.21, for a total value of $46,997.86. Following the transaction, the general counsel now directly owns 208 shares of the company’s stock, valued at approximately $5,867.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kurt Wehner sold 7,233 shares of Discovery Communications stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $30.04, for a total value of $217,279.32. Following the completion of the transaction, the insider now directly owns 18,844 shares in the company, valued at $566,073.76. The disclosure for this sale can be found here. Insiders sold a total of 281,031 shares of company stock worth $8,506,185 over the last ninety days. Corporate insiders own 6.73% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Discovery Communications by 199.5% during the 3rd quarter. Vanguard Group Inc. now owns 50,745,309 shares of the company’s stock valued at $1,541,300,000 after buying an additional 33,804,647 shares during the period. Morgan Stanley raised its holdings in shares of Discovery Communications by 3.5% during the 3rd quarter. Morgan Stanley now owns 1,195,380 shares of the company’s stock valued at $38,252,000 after buying an additional 40,649 shares during the period. Legal & General Group Plc raised its holdings in shares of Discovery Communications by 0.4% during the 3rd quarter. Legal & General Group Plc now owns 784,614 shares of the company’s stock valued at $25,108,000 after buying an additional 3,148 shares during the period. Standard Life Aberdeen plc raised its holdings in shares of Discovery Communications by 7.7% during the 3rd quarter. Standard Life Aberdeen plc now owns 58,875 shares of the company’s stock valued at $1,884,000 after buying an additional 4,186 shares during the period. Finally, Auxier Asset Management raised its holdings in shares of Discovery Communications by 1.8% during the 3rd quarter. Auxier Asset Management now owns 214,733 shares of the company’s stock valued at $6,871,000 after buying an additional 3,884 shares during the period. 41.80% of the stock is currently owned by institutional investors and hedge funds.

About Discovery Communications

Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, The Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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