DISCOVERY COMMUNICATIONS INC. Common Stock (DISCA) Shares Bought by WealthPLAN Partners LLC

WealthPLAN Partners LLC raised its stake in shares of DISCOVERY COMMUNICATIONS INC. Common Stock (NASDAQ:DISCA) by 15.8% during the first quarter, HoldingsChannel.com reports. The firm owned 142,359 shares of the company’s stock after buying an additional 19,423 shares during the quarter. WealthPLAN Partners LLC’s holdings in DISCOVERY COMMUNICATIONS INC. Common Stock were worth $3,051,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of DISCOVERY COMMUNICATIONS INC. Common Stock by 49.8% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 37,831 shares of the company’s stock valued at $846,000 after buying an additional 12,578 shares in the last quarter. OppenheimerFunds Inc. boosted its holdings in shares of DISCOVERY COMMUNICATIONS INC. Common Stock by 15.8% during the 4th quarter. OppenheimerFunds Inc. now owns 24,658 shares of the company’s stock valued at $552,000 after buying an additional 3,370 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of DISCOVERY COMMUNICATIONS INC. Common Stock by 26.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 34,087 shares of the company’s stock valued at $763,000 after buying an additional 7,079 shares in the last quarter. Pinnacle Associates Ltd. boosted its holdings in shares of DISCOVERY COMMUNICATIONS INC. Common Stock by 10.0% during the 4th quarter. Pinnacle Associates Ltd. now owns 82,346 shares of the company’s stock valued at $1,843,000 after buying an additional 7,493 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. bought a new stake in shares of DISCOVERY COMMUNICATIONS INC. Common Stock during the 4th quarter valued at $234,000. 37.88% of the stock is currently owned by institutional investors and hedge funds.

In other DISCOVERY COMMUNICATIONS INC. Common Stock news, CFO Gunnar Wiedenfels purchased 10,000 shares of DISCOVERY COMMUNICATIONS INC. Common Stock stock in a transaction dated Wednesday, May 9th. The stock was purchased at an average price of $21.29 per share, with a total value of $212,900.00. Following the transaction, the chief financial officer now directly owns 60,000 shares of the company’s stock, valued at $1,277,400. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Adria Alpert-Romm sold 16,238 shares of the company’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $22.61, for a total transaction of $367,141.18. Following the sale, the insider now directly owns 33,463 shares of the company’s stock, valued at approximately $756,598.43. The disclosure for this sale can be found here. 6.73% of the stock is currently owned by corporate insiders.

A number of analysts have recently commented on DISCA shares. Moffett Nathanson upgraded shares of DISCOVERY COMMUNICATIONS INC. Common Stock from a “sell” rating to a “neutral” rating in a report on Tuesday, February 20th. BidaskClub cut shares of DISCOVERY COMMUNICATIONS INC. Common Stock from a “buy” rating to a “hold” rating in a report on Saturday, February 24th. Barrington Research restated a “buy” rating and set a $30.00 target price on shares of DISCOVERY COMMUNICATIONS INC. Common Stock in a report on Tuesday, February 27th. Pivotal Research restated a “hold” rating and set a $26.00 target price on shares of DISCOVERY COMMUNICATIONS INC. Common Stock in a report on Tuesday, February 27th. Finally, ValuEngine upgraded shares of DISCOVERY COMMUNICATIONS INC. Common Stock from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 7th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $26.00.

DISCOVERY COMMUNICATIONS INC. Common Stock traded up $0.71, hitting $25.12, during midday trading on Thursday, according to MarketBeat. 161,968 shares of the company traded hands, compared to its average volume of 5,709,663. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a market capitalization of $12.47 billion, a P/E ratio of 11.13, a P/E/G ratio of 0.60 and a beta of 1.49. DISCOVERY COMMUNICATIONS INC. Common Stock has a 52 week low of $15.99 and a 52 week high of $27.92.

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

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.

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Institutional Ownership by Quarter for DISCOVERY COMMUNICATIONS INC. Common Stock (NASDAQ:DISCA)

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