Discovery Communications, Inc. (DISCA) Sets New 52-Week Low at $22.64
Shares of Discovery Communications, Inc. (NASDAQ:DISCA) reached a new 52-week low on Wednesday . The company traded as low as $22.64 and last traded at $22.60, with a volume of 1,521,549 shares. The stock had previously closed at $22.76.
A number of analysts recently weighed in on the stock. Piper Jaffray Companies assumed coverage on shares of Discovery Communications in a research note on Friday, August 11th. They issued a “neutral” rating and a $27.00 price objective for the company. Cowen and Company reaffirmed a “hold” rating and issued a $25.00 price objective on shares of Discovery Communications in a research note on Thursday, August 3rd. Barrington Research reaffirmed a “market perform” rating on shares of Discovery Communications in a research note on Wednesday, August 2nd. Royal Bank Of Canada set a $32.00 price objective on shares of Discovery Communications and gave the stock a “buy” rating in a research note on Monday, June 12th. Finally, FBR & Co lowered their price objective on shares of Discovery Communications from $30.00 to $28.00 and set a “mkt perform” rating for the company in a research note on Tuesday, August 1st. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $27.47.
The stock’s 50-day moving average is $25.43 and its 200-day moving average is $27.05. The company has a market cap of $12.87 billion, a PE ratio of 11.98 and a beta of 1.59.
Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings data on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by $0.04. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 EPS. Analysts forecast that Discovery Communications, Inc. will post $2.23 EPS for the current year.
In other Discovery Communications news, CFO Gunnar Wiedenfels bought 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average price of $21.70 per share, for a total transaction of $325,500.00. Following the completion of the purchase, the chief financial officer now directly owns 35,000 shares in the company, valued at $759,500. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director S Decker Anstrom bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were acquired at an average price of $23.05 per share, with a total value of $230,500.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 45,000 shares of company stock valued at $1,016,200. 5.78% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the company. Teachers Advisors LLC boosted its stake in Discovery Communications by 5.1% in the fourth quarter. Teachers Advisors LLC now owns 316,997 shares of the company’s stock valued at $8,689,000 after buying an additional 15,272 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of Discovery Communications by 1.2% in the fourth quarter. Macquarie Group Ltd. now owns 57,377 shares of the company’s stock worth $1,573,000 after buying an additional 690 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Discovery Communications by 3.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 132,537 shares of the company’s stock worth $3,856,000 after buying an additional 4,619 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of Discovery Communications by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 49,167 shares of the company’s stock worth $1,430,000 after buying an additional 600 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Discovery Communications by 8.4% in the first quarter. Bank of Montreal Can now owns 43,128 shares of the company’s stock worth $1,256,000 after buying an additional 3,355 shares in the last quarter. Hedge funds and other institutional investors own 44.22% of the company’s stock.
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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 (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.
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