Insider Trading at Discovery Communications Inc.?

Paterniano Del Favero
Agosto 5, 2017

Several other equities analysts have also recently weighed in on the company. BidaskClub cut shares of Discovery Communications from a hold rating to a sell rating in a research note on Thursday, July 27th. On September 29, 2016 the stock rating was rated "Market Perform" in a report from Barrington Research which was a cut from the previous "Outperform" rating. Finally, Ameritas Investment Partners Inc. purchased a new position in shares of Discovery Communications during the first quarter worth approximately $182,000.

On August 1 the stock rating was upgraded from "Sell" to "Buy" in a statement from Citigroup. The company now has a consensus rating of "Hold" and an average price target of $28.44.

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Discovery Communications (DISCA) traded down 4.08% during mid-day trading on Friday, hitting $23.73. The stock had a trading volume of 7,408,527 shares. Discovery Communications has a 12 month low of $23.68 and a 12 month high of $30.25.

Discovery Communications (NASDAQ:DISCA) last issued its earnings results on Monday, July 31st. The company reported $0.68 EPS for the quarter, missing the Zacks' consensus estimate of $0.72 by $0.04. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.76 billion. Discovery Communications had a return on equity of 22.74% and a net margin of 16.88%. During the same period a year ago, the business earned $0.71 earnings per share. On average, equities research analysts expect that Discovery Communications, Inc. will post $2.23 earnings per share for the current fiscal year. Pegasus Partners Ltd. purchased a new stake in Discovery Communications during the second quarter worth approximately $3,333,000. The stock was sold at an average price of $25.98, for a total transaction of $229,455.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Gunnar Wiedenfels purchased 20,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were acquired at an average price of $23.01 per share, with a total value of $460,200.00. Corporate insiders own 5.78% of the company's stock.

The institutional investor owned 18,139 shares of the company's stock at the end of the second quarter. As of quarter end Hm Payson & Co had disposed of 48,553 shares trimming its stake by 38.4%. SG Americas Securities LLC now owns 323,270 shares of the company's stock worth $8,350,000 after buying an additional 160,412 shares in the last quarter. Auxier Asset Management boosted its stake in Discovery Communications by 2.6% in the fourth quarter. Strs Ohio raised its stake in Discovery Communications by 59,357.5% in the first quarter. Vanguard Group Inc. boosted its position in shares of Discovery Communications by 2.2% in the first quarter. Geode Capital Management LLC now owns 2,622,887 shares of the company's stock valued at $74,162,000 after buying an additional 235,508 shares during the period. Finally, Weik Investment Services Inc. acquired a new position in shares of Discovery Communications during the first quarter worth about $209,000. 3,203,104 shares of the company's stock traded hands.

Discovery Communications, 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. The Business's segments include U.S. Networks, which consists principally of domestic television networks and digital content services; International Networks, consisting primarily of international television networks and digital content services, and Education and Other, which consists principally of curriculum-based product and service offerings, and production studios.

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