Murphy Pohlad Asset Management LLC held its stake in shares of Discovery Communications, Inc. (NASDAQ:DISCA) during the second quarter, Holdings Channel reports. The firm owned 16,611 shares of the company’s stock at the end of the second quarter. Murphy Pohlad Asset Management LLC’s holdings in Discovery Communications were worth $429,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Discovery Communications by 5.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,915 shares of the company’s stock valued at $106,000 after buying an additional 215 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Discovery Communications by 24.7% in the first quarter. Daiwa Securities Group Inc. now owns 4,540 shares of the company’s stock valued at $132,000 after buying an additional 900 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Discovery Communications during the first quarter valued at $134,000. Ameritas Investment Partners Inc. bought a new stake in shares of Discovery Communications during the first quarter worth $182,000. Finally, Feltz Wealth PLAN Inc. bought a new stake in shares of Discovery Communications during the first quarter worth $189,000. Institutional investors and hedge funds own 44.22% of the company’s stock.

Discovery Communications, Inc. (DISCA) opened at 22.76 on Wednesday. The stock has a 50 day moving average price of $25.43 and a 200-day moving average price of $27.05. The firm has a market capitalization of $12.97 billion, a price-to-earnings ratio of 12.07 and a beta of 1.59. Discovery Communications, Inc. has a one year low of $22.72 and a one year high of $30.25.

Discovery Communications (NASDAQ:DISCA) last announced its quarterly earnings results on Monday, July 31st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.72 by $0.04. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.71 earnings per share. On average, analysts predict that Discovery Communications, Inc. will post $2.23 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Murphy Pohlad Asset Management LLC Has $429,000 Position in Discovery Communications, Inc. (DISCA)” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The legal version of this news story can be viewed at https://www.watchlistnews.com/murphy-pohlad-asset-management-llc-has-429000-position-in-discovery-communications-inc-disca/1495438.html.

A number of equities research analysts recently weighed in on DISCA shares. TheStreet upgraded Discovery Communications from a “c+” rating to a “b-” rating in a research note on Thursday, April 20th. Royal Bank Of Canada set a $32.00 price objective on Discovery Communications and gave the stock a “buy” rating in a research note on Monday, June 12th. Citigroup Inc. upgraded Discovery Communications from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $30.00 to $29.00 in a research note on Tuesday, August 1st. Pivotal Research upgraded Discovery Communications from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Tuesday, August 8th. Finally, Jefferies Group LLC restated a “hold” rating and set a $28.00 price objective on shares of Discovery Communications in a research note on Friday, June 16th. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. Discovery Communications currently has an average rating of “Hold” and a consensus target price of $27.47.

In other news, Director S Decker Anstrom bought 10,000 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were acquired at an average price of $23.05 per share, for a total transaction of $230,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gunnar Wiedenfels bought 15,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were purchased at an average price of $21.70 per share, for a total transaction of $325,500.00. Following the transaction, the chief financial officer now directly owns 35,000 shares of the company’s stock, valued at approximately $759,500. The disclosure for this purchase can be found here. Insiders have bought 45,000 shares of company stock worth $1,016,200 in the last quarter. Insiders own 5.78% of the company’s stock.

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.

Want to see what other hedge funds are holding DISCA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Discovery Communications, Inc. (NASDAQ:DISCA).

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

Receive News & Ratings for Discovery Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discovery Communications Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.