Texas Permanent School Fund Sells 3,798 Shares of Discovery Communications, Inc. (DISCK)
Texas Permanent School Fund reduced its stake in shares of Discovery Communications, Inc. (NASDAQ:DISCK) by 6.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,238 shares of the company’s stock after selling 3,798 shares during the period. Texas Permanent School Fund’s holdings in Discovery Communications were worth $1,493,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in DISCK. Teachers Advisors LLC boosted its stake in Discovery Communications by 4.0% in the fourth quarter. Teachers Advisors LLC now owns 467,294 shares of the company’s stock valued at $12,514,000 after buying an additional 18,077 shares during the last quarter. Macquarie Group Ltd. boosted its stake in Discovery Communications by 1.5% in the fourth quarter. Macquarie Group Ltd. now owns 67,015 shares of the company’s stock valued at $1,795,000 after buying an additional 970 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in Discovery Communications by 0.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 188,714 shares of the company’s stock valued at $5,343,000 after buying an additional 1,331 shares during the last quarter. Bank of Montreal Can boosted its stake in Discovery Communications by 1.7% in the first quarter. Bank of Montreal Can now owns 206,041 shares of the company’s stock valued at $5,833,000 after buying an additional 3,413 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Discovery Communications during the first quarter valued at $328,000. Institutional investors and hedge funds own 46.47% of the company’s stock.
Shares of Discovery Communications, Inc. (NASDAQ:DISCK) opened at 21.52 on Wednesday. Discovery Communications, Inc. has a 1-year low of $21.50 and a 1-year high of $29.18. The stock has a market cap of $12.27 billion, a PE ratio of 11.42 and a beta of 1.47. The company’s 50-day moving average price is $24.47 and its 200 day moving average price is $26.30.
Discovery Communications (NASDAQ:DISCK) last issued its quarterly earnings data on Monday, July 31st. The company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by $0.04. Discovery Communications had a net margin of 16.88% and a return on equity of 22.74%. The business had revenue of $1.75 billion for the quarter. Equities analysts forecast that Discovery Communications, Inc. will post $2.24 EPS for the current fiscal year.
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Several equities research analysts recently weighed in on DISCK shares. Zacks Investment Research cut Discovery Communications from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. ValuEngine cut Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub upgraded Discovery Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Barrington Research restated a “market perform” rating on shares of Discovery Communications in a research note on Tuesday, August 1st. Finally, TheStreet cut Discovery Communications from a “b-” rating to a “c+” rating in a research note on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $29.00.
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.
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