Northwestern Mutual Wealth Management Co. increased its position in shares of Discovery Inc Series C (NASDAQ:DISCK) by 47.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,603 shares of the company’s stock after purchasing an additional 1,478 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Discovery Inc Series C were worth $117,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Northwestern Mutual Investment Management Company LLC boosted its holdings in Discovery Inc Series C by 0.9% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 54,772 shares of the company’s stock worth $1,392,000 after purchasing an additional 504 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Discovery Inc Series C by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,365,666 shares of the company’s stock worth $85,554,000 after purchasing an additional 98,396 shares in the last quarter. Tredje AP fonden lifted its position in Discovery Inc Series C by 87.8% during the 1st quarter. Tredje AP fonden now owns 21,957 shares of the company’s stock worth $558,000 after acquiring an additional 10,265 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Discovery Inc Series C by 1.6% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 49,575 shares of the company’s stock worth $1,260,000 after acquiring an additional 784 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Discovery Inc Series C by 6.3% during the first quarter. PNC Financial Services Group Inc. now owns 42,276 shares of the company’s stock valued at $1,074,000 after buying an additional 2,499 shares during the last quarter. 56.60% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:DISCK opened at $27.77 on Friday. Discovery Inc Series C has a 12-month low of $21.99 and a 12-month high of $31.55. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $14.28 billion, a P/E ratio of 13.16 and a beta of 1.34.

Discovery Inc Series C (NASDAQ:DISCK) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.04. Discovery Inc Series C had a net margin of 9.00% and a return on equity of 20.10%. The firm had revenue of $2.71 billion during the quarter. Equities analysts predict that Discovery Inc Series C will post 4.09 EPS for the current fiscal year.

A number of research analysts have recently commented on DISCK shares. TheStreet raised shares of Discovery Inc Series C from a “c” rating to a “b” rating in a research report on Tuesday, February 26th. BidaskClub lowered shares of Discovery Inc Series C from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, Zacks Investment Research raised shares of Discovery Inc Series C from a “sell” rating to a “hold” rating in a research report on Thursday, February 28th.

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Discovery Inc Series C 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 Inc Series C (NASDAQ:DISCK)

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