TD Asset Management Inc. Has $23.97 Million Stake in Discovery Communications, Inc. (DISCK)
TD Asset Management Inc. lifted its stake in Discovery Communications, Inc. (NASDAQ:DISCK) by 5.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,183,286 shares of the company’s stock after purchasing an additional 63,809 shares during the quarter. TD Asset Management Inc. owned about 0.31% of Discovery Communications worth $23,973,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. BB&T Investment Services Inc. purchased a new position in Discovery Communications in the 2nd quarter worth approximately $102,000. Fiduciary Trust Co. purchased a new position in Discovery Communications in the 2nd quarter worth approximately $160,000. Ontario Teachers Pension Plan Board purchased a new position in Discovery Communications in the 2nd quarter worth approximately $196,000. Cadence Capital Management LLC raised its holdings in Discovery Communications by 0.7% in the 2nd quarter. Cadence Capital Management LLC now owns 8,111 shares of the company’s stock worth $204,000 after acquiring an additional 55 shares during the last quarter. Finally, Creative Planning raised its holdings in Discovery Communications by 1.0% in the 2nd quarter. Creative Planning now owns 8,545 shares of the company’s stock worth $215,000 after acquiring an additional 87 shares during the last quarter. 48.43% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently weighed in on DISCK. BidaskClub lowered shares of Discovery Communications from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Zacks Investment Research lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Morgan Stanley decreased their price objective on shares of Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday, October 26th. Finally, ValuEngine upgraded shares of Discovery Communications from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $25.50.
Shares of Discovery Communications, Inc. (NASDAQ DISCK) opened at $17.78 on Thursday. The firm has a market cap of $6,394.64, a price-to-earnings ratio of 8.11 and a beta of 1.42. The company has a debt-to-equity ratio of 2.56, a quick ratio of 5.87 and a current ratio of 5.87. Discovery Communications, Inc. has a 12 month low of $14.99 and a 12 month high of $29.18.
ILLEGAL ACTIVITY WARNING: “TD Asset Management Inc. Has $23.97 Million Stake in Discovery Communications, Inc. (DISCK)” was published by Watch List News and is owned by of Watch List News. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and international trademark & copyright law. The original version of this piece can be accessed at https://www.watchlistnews.com/td-asset-management-inc-has-23-97-million-stake-in-discovery-communications-inc-disck/1734177.html.
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.
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.