John C. Malone Purchases 1,407,000 Shares of DISCOVERY COMMUNICATIONS INC. Common Stock (DISCA) Stock

DISCOVERY COMMUNICATIONS INC. Common Stock (NASDAQ:DISCA) Director John C. Malone bought 1,407,000 shares of DISCOVERY COMMUNICATIONS INC. Common Stock stock in a transaction on Wednesday, June 13th. The shares were purchased at an average cost of $23.44 per share, for a total transaction of $32,980,080.00. Following the acquisition, the director now owns 780,335 shares in the company, valued at $18,291,052.40. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

DISCA traded up $1.09 during trading hours on Thursday, hitting $25.50. The company’s stock had a trading volume of 5,013,840 shares, compared to its average volume of 5,703,579. DISCOVERY COMMUNICATIONS INC. Common Stock has a fifty-two week low of $15.99 and a fifty-two week high of $27.92. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.83 and a quick ratio of 1.83. The stock has a market cap of $12.47 billion, a P/E ratio of 11.38, a P/E/G ratio of 0.60 and a beta of 1.49.

DISCOVERY COMMUNICATIONS INC. Common Stock (NASDAQ:DISCA) last posted its earnings results on Tuesday, May 8th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.45 by $0.08. DISCOVERY COMMUNICATIONS INC. Common Stock had a positive return on equity of 19.34% and a negative net margin of 7.40%. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period last year, the firm earned $0.41 EPS. The firm’s revenue was up 43.0% compared to the same quarter last year. equities analysts anticipate that DISCOVERY COMMUNICATIONS INC. Common Stock will post 2.53 EPS for the current year.



Several hedge funds have recently modified their holdings of the company. Clearbridge Investments LLC increased its position in shares of DISCOVERY COMMUNICATIONS INC. Common Stock by 4.0% during the 4th quarter. Clearbridge Investments LLC now owns 18,325,805 shares of the company’s stock valued at $410,132,000 after purchasing an additional 709,288 shares during the period. New South Capital Management Inc. increased its position in shares of DISCOVERY COMMUNICATIONS INC. Common Stock by 30.4% during the 1st quarter. New South Capital Management Inc. now owns 5,538,086 shares of the company’s stock valued at $118,681,000 after purchasing an additional 1,290,860 shares during the period. Smead Capital Management Inc. increased its position in shares of DISCOVERY COMMUNICATIONS INC. Common Stock by 12.5% during the 1st quarter. Smead Capital Management Inc. now owns 4,442,400 shares of the company’s stock valued at $95,201,000 after purchasing an additional 492,464 shares during the period. Millennium Management LLC acquired a new position in shares of DISCOVERY COMMUNICATIONS INC. Common Stock during the 1st quarter valued at $44,747,000. Finally, Wells Fargo & Company MN increased its position in shares of DISCOVERY COMMUNICATIONS INC. Common Stock by 2.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,030,018 shares of the company’s stock valued at $45,433,000 after purchasing an additional 56,827 shares during the period. Institutional investors own 37.88% of the company’s stock.

Several analysts recently issued reports on DISCA shares. Deutsche Bank raised DISCOVERY COMMUNICATIONS INC. Common Stock from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Tuesday, April 24th. Barrington Research reissued a “buy” rating and issued a $30.00 price target on shares of DISCOVERY COMMUNICATIONS INC. Common Stock in a report on Tuesday, February 27th. BidaskClub raised DISCOVERY COMMUNICATIONS INC. Common Stock from a “hold” rating to a “buy” rating in a report on Tuesday, March 6th. Zacks Investment Research raised DISCOVERY COMMUNICATIONS INC. Common Stock from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Thursday, March 15th. Finally, Goldman Sachs Group reissued a “buy” rating and issued a $29.00 price target on shares of DISCOVERY COMMUNICATIONS INC. Common Stock in a report on Tuesday, May 1st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $26.00.

DISCOVERY COMMUNICATIONS INC. Common Stock Company Profile

Discovery, Inc operates as a media company worldwide. The company operates through U.S. Networks, International Networks, and Education and Other segments. It owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, Velocity, Discovery Family Channel, Destination America, American Heroes Channel, Discovery Life, The Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

Insider Buying and Selling by Quarter for DISCOVERY COMMUNICATIONS INC. Common Stock (NASDAQ:DISCA)

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