BB&T Securities LLC boosted its position in shares of Discovery Communications, Inc. (NASDAQ:DISCK) by 3.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 228,056 shares of the company’s stock after purchasing an additional 7,499 shares during the period. BB&T Securities LLC owned about 0.06% of Discovery Communications worth $4,620,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Renaissance Technologies LLC acquired a new position in Discovery Communications in the first quarter valued at $3,365,000. Creative Planning increased its position in shares of Discovery Communications by 1.0% during the second quarter. Creative Planning now owns 8,545 shares of the company’s stock worth $215,000 after acquiring an additional 87 shares in the last quarter. LS Investment Advisors LLC boosted its holdings in Discovery Communications by 5.0% during the second quarter. LS Investment Advisors LLC now owns 10,607 shares of the company’s stock worth $267,000 after purchasing an additional 502 shares during the last quarter. Aperio Group LLC boosted its holdings in Discovery Communications by 11.9% during the second quarter. Aperio Group LLC now owns 72,856 shares of the company’s stock worth $1,837,000 after purchasing an additional 7,729 shares during the last quarter. Finally, NGAM Advisors L.P. boosted its holdings in Discovery Communications by 3.4% during the second quarter. NGAM Advisors L.P. now owns 158,728 shares of the company’s stock worth $4,002,000 after purchasing an additional 5,210 shares during the last quarter. Institutional investors own 48.43% of the company’s stock.
Discovery Communications, Inc. (NASDAQ DISCK) opened at $18.44 on Tuesday. Discovery Communications, Inc. has a 1-year low of $14.99 and a 1-year high of $29.18. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 2.56. The firm has a market cap of $6,974.59, a P/E ratio of 8.85 and a beta of 1.42.
A number of analysts recently weighed in on DISCK shares. ValuEngine raised shares of Discovery Communications from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. Morgan Stanley reduced their target price on shares of Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating on the stock in a report on Thursday, October 26th. Zacks Investment Research lowered shares of Discovery Communications from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Finally, BidaskClub raised shares of Discovery Communications from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Discovery Communications presently has an average rating of “Hold” and a consensus price target of $25.50.
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Discovery Communications 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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