Swiss National Bank trimmed its holdings in Discovery Communications Inc. (NASDAQ:DISCK) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 771,774 shares of the company’s stock after selling 15,800 shares during the quarter. Swiss National Bank’s holdings in Discovery Communications were worth $16,338,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Macquarie Group Ltd. raised its stake in Discovery Communications by 193.2% during the 2nd quarter. Macquarie Group Ltd. now owns 17,300 shares of the company’s stock worth $436,000 after buying an additional 11,400 shares during the period. Janus Henderson Group PLC raised its stake in Discovery Communications by 49.4% during the 2nd quarter. Janus Henderson Group PLC now owns 60,923 shares of the company’s stock worth $1,536,000 after buying an additional 20,158 shares during the period. Toronto Dominion Bank raised its stake in Discovery Communications by 22.7% during the 2nd quarter. Toronto Dominion Bank now owns 71,511 shares of the company’s stock worth $1,803,000 after buying an additional 13,211 shares during the period. Achmea Investment Management B.V. acquired a new position in Discovery Communications during the 2nd quarter worth approximately $706,000. Finally, Shell Asset Management Co. raised its stake in Discovery Communications by 292.5% during the 3rd quarter. Shell Asset Management Co. now owns 46,368 shares of the company’s stock worth $1,729,000 after buying an additional 34,555 shares during the period. 51.23% of the stock is currently owned by institutional investors.
Several brokerages have recently commented on DISCK. BidaskClub raised Discovery Communications from a “hold” rating to a “buy” rating in a research note on Friday. ValuEngine downgraded Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Morgan Stanley lowered their price objective on Discovery Communications from $31.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, October 26th. Finally, Zacks Investment Research raised Discovery Communications from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $29.00.
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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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