Discovery Communications, Inc. (DISCA) Stake Decreased by Cumberland Partners Ltd

Discovery

Several large investors have recently made changes to their positions in the stock. The fund owned 263,800 shares of the company's stock after selling 58,700 shares during the period. Strs Ohio now owns 1,677,148 shares of the company's stock valued at $43,320,000 after buying an additional 400,000 shares during the period. Accern also assigned media coverage about the company an impact score of 45.9483407059754 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term. BlackRock Inc. raised its position in Discovery Communications by 2,394.5% in the first quarter. Bank of New York Mellon Corp now owns 10,967,133 shares of the company's stock valued at $319,034,000 after buying an additional 1,848,329 shares in the last quarter. Candriam Luxembourg S.C.A. increased its stake in Discovery Communications by 79.0% in the second quarter. Strs Ohio raised its stake in Discovery Communications by 59,357.5% in the first quarter. Company insiders own 5.78% of the company's stock. CIBC Asset Management Inc increased its stake in Discovery Communications by 1.9% in the second quarter.

The consensus analysts recommendation at this point stands at 3.10 on Discovery Communications, Inc. Hotchkis & Wiley Capital Management LLC added to its ownership by buying 537,357 shares an increase of 10.1% in the quarter. Proshare Advisors LLC now holds 81,247 shares valued at $2,048,000.

Shares of Discovery Communications (DISCA) traded down 0.39% during trading on Friday, reaching $22.91.

Discovery Communications Srs A (NASDAQ:DISCA) had an increase of 1.28% in short interest. The firm's 50 day moving average is $26.10 and its 200-day moving average is $27.36.

Institutional Capital Llc decreased its stake in Discovery Communication Inc (DISCK) by 29.09% based on its latest 2016Q4 regulatory filing with the SEC. The company has market cap of $8.59 billion.

Discovery Communications (NASDAQ:DISCA) last posted its quarterly earnings data on Monday, July 31st. In the latest earnings report the EPS was $1.88 and is estimated to be $2.13 for the current year with 570,000,000 shares now outstanding.


Discovery Communications, Inc. (DISCK) stock exposed a turn of -7.04% in most recent week and accomplished -13.97% performance over the last one month. The company had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.76 billion. The firm's revenue was up 2.2% on a year-over-year basis. Next quarter's EPS is expected be $0.60 with next year's EPS projected to be $2.54. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and global copyright and trademark law. The original version of this story can be viewed at https://weekherald.com/2017/08/11/discovery-communications-inc-disca-stake-decreased-by-cumberland-partners-ltd.html.

A number of research analysts have commented on DISCK shares.

Discovery Communications (DISCB) traded up 4.26% during midday trading on Friday, hitting $24.50. RBC Capital Markets maintained the shares of DISCA in report on Wednesday, November 16 with "Outperform" rating. (NASDAQ:DISCA) earned "Hold" rating by Wells Fargo on Thursday, July 20. The firm has "Market Perform" rating by Barrington Research given on Thursday, September 29.

Among 27 analysts covering Discovery Communications (NASDAQ:DISCA), 5 have Buy rating, 7 Sell and 15 Hold. (NYSE:TWX), 14 have Buy rating, 0 Sell and 21 Hold. Discovery Communications has a consensus rating of Hold and an average target price of $28.44.

In other news, CFO Gunnar Wiedenfels bought 20,000 shares of the firm's stock in a transaction dated Tuesday, August 1st. Following the completion of the transaction, the chief financial officer now owns 20,000 shares in the company, valued at $460,200. BlackRock Inc. now owns 13,447,103 shares of the company's stock worth $380,687,000 after buying an additional 12,977,986 shares during the period. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Campbell Bruce sold 9,283 shares worth $245,350. Volume was up 48.85% over the stocks average daily volume. The disclosure for this purchase can be found here.

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