Standard Life Aberdeen plc grew its position in Discovery Communications Inc. (NASDAQ:DISCA) by 1.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 59,821 shares of the company’s stock after buying an additional 946 shares during the period. Standard Life Aberdeen plc’s holdings in Discovery Communications were worth $1,483,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. grew its holdings in shares of Discovery Communications by 36.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 135,231 shares of the company’s stock worth $4,320,000 after purchasing an additional 35,943 shares during the period. Engineers Gate Manager LP purchased a new position in shares of Discovery Communications in the 3rd quarter valued at about $202,000. Chicago Equity Partners LLC purchased a new position in shares of Discovery Communications in the 3rd quarter valued at about $200,000. Private Advisor Group LLC purchased a new position in shares of Discovery Communications in the 3rd quarter valued at about $274,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Discovery Communications by 5.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 85,445 shares of the company’s stock valued at $2,734,000 after buying an additional 4,461 shares during the period. 34.32% of the stock is owned by institutional investors.

In other Discovery Communications news, General Counsel Savalle Sims sold 16,623 shares of Discovery Communications stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $28.57, for a total transaction of $474,919.11. Following the transaction, the general counsel now owns 48,684 shares of the company’s stock, valued at $1,390,901.88. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 6.73% of the company’s stock.

DISCA has been the topic of several research analyst reports. Zacks Investment Research lowered Discovery Communications from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. Cannonball Research lowered Discovery Communications to a “hold” rating and set a $33.00 target price on the stock. in a research report on Monday, November 19th. Citigroup raised their target price on Discovery Communications from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, November 20th. Imperial Capital cut their target price on Discovery Communications from $37.00 to $31.00 and set an “inline” rating on the stock in a research report on Tuesday, December 4th. Finally, Barclays reissued a “hold” rating on shares of Discovery Communications in a research report on Tuesday, December 4th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $33.03.

DISCA opened at $27.43 on Friday. The company has a market cap of $14.37 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 0.31 and a beta of 1.37. Discovery Communications Inc. has a 52 week low of $20.59 and a 52 week high of $34.89. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.50.

Discovery Communications (NASDAQ:DISCA) last released its quarterly earnings results on Tuesday, February 26th. The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.07). The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.85 billion. Discovery Communications had a return on equity of 17.30% and a net margin of 5.63%. The company’s quarterly revenue was up 50.7% on a year-over-year basis. During the same period last year, the firm earned $0.37 EPS. Equities analysts predict that Discovery Communications Inc. will post 3.67 earnings per share for the current fiscal year.

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Discovery Communications Company Profile

Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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Institutional Ownership by Quarter for Discovery Communications (NASDAQ:DISCA)

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