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.

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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.

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

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