Discovery Inc (NASDAQ:DISCA) General Counsel Savalle Sims sold 2,571 shares of Discovery stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $24.08, for a total value of $61,909.68. Following the completion of the transaction, the general counsel now directly owns 36,640 shares in the company, valued at $882,291.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Discovery stock opened at $23.21 on Monday. The company has a current ratio of 5.34, a quick ratio of 5.34 and a debt-to-equity ratio of 3.20. Discovery Inc has a twelve month low of $15.99 and a twelve month high of $30.25. The stock has a market capitalization of $8,864.06, a P/E ratio of -38.68, a price-to-earnings-growth ratio of 1.02 and a beta of 1.52.
Discovery (NASDAQ:DISCA) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.08. Discovery had a positive return on equity of 21.68% and a negative net margin of 4.90%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the previous year, the business earned $0.56 EPS. Discovery’s revenue for the quarter was up 11.5% compared to the same quarter last year. equities analysts anticipate that Discovery Inc will post 2.59 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the business. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Discovery by 0.7% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 18,729,826 shares of the company’s stock valued at $398,758,000 after acquiring an additional 123,603 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of Discovery by 4.0% in the 4th quarter. Clearbridge Investments LLC now owns 18,325,805 shares of the company’s stock valued at $410,132,000 after acquiring an additional 709,288 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Discovery by 12.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 11,966,987 shares of the company’s stock valued at $254,779,000 after acquiring an additional 1,297,175 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Discovery by 2.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,030,018 shares of the company’s stock valued at $45,433,000 after acquiring an additional 56,827 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Discovery by 25.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,881,497 shares of the company’s stock valued at $40,058,000 after acquiring an additional 383,048 shares during the last quarter. Institutional investors own 48.76% of the company’s stock.
Several equities analysts have recently weighed in on DISCA shares. Macquarie raised Discovery from a “neutral” rating to an “outperform” rating and set a $26.00 price objective on the stock in a research note on Tuesday, January 2nd. Bank of America raised Discovery from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Thursday, December 21st. Deutsche Bank reduced their price objective on Discovery from $26.00 to $21.00 and set a “hold” rating on the stock in a research note on Thursday, November 30th. Zacks Investment Research upgraded Discovery from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Finally, BidaskClub upgraded Discovery from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $24.89.
Discovery Company Profile
Discovery, Inc, formerly Discovery Communications, Inc, 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.
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