Reaves W H & Company Has Increased Bce Com New (BCE) Stake by $18.50 Million as Stock Value Declined; Discovery Communicatns New (DISCA) Holding Boosted by Murphy Pohlad Asset Management Llc

May 16, 2018 - By Stephen Andrade

BCE Inc. (NYSE:BCE) Logo

Murphy Pohlad Asset Management Llc increased its stake in Discovery Communicatns New (DISCA) by 38.59% based on its latest 2017Q4 regulatory filing with the SEC. Murphy Pohlad Asset Management Llc bought 16,700 shares as the company’s stock declined 8.64% with the market. The institutional investor held 59,976 shares of the consumer services company at the end of 2017Q4, valued at $1.34M, up from 43,276 at the end of the previous reported quarter. Murphy Pohlad Asset Management Llc who had been investing in Discovery Communicatns New for a number of months, seems to be bullish on the $17.17B market cap company. The stock increased 3.46% or $0.795 during the last trading session, reaching $23.755. About 5.40M shares traded. Discovery, Inc. (NASDAQ:DISCA) has declined 21.53% since May 16, 2017 and is downtrending. It has underperformed by 33.08% the S&P500.

Reaves W H & Company Inc increased its stake in Bce Inc Com New (BCE) by 18.57% based on its latest 2017Q4 regulatory filing with the SEC. Reaves W H & Company Inc bought 385,390 shares as the company’s stock declined 10.41% with the market. The institutional investor held 2.46M shares of the public utilities company at the end of 2017Q4, valued at $118.12M, up from 2.07 million at the end of the previous reported quarter. Reaves W H & Company Inc who had been investing in Bce Inc Com New for a number of months, seems to be bullish on the $37.86B market cap company. The stock increased 0.60% or $0.25 during the last trading session, reaching $42.37. About 528,298 shares traded. BCE Inc. (NYSE:BCE) has declined 3.54% since May 16, 2017 and is downtrending. It has underperformed by 15.09% the S&P500.

Since December 13, 2017, it had 5 insider purchases, and 4 sales for $10.76 million activity. $61,902 worth of stock was sold by Sims Savalle on Wednesday, March 14. Leavy David also sold $484,002 worth of Discovery, Inc. (NASDAQ:DISCA) on Wednesday, February 28. Shares for $6.56M were bought by MALONE JOHN C on Wednesday, December 13. 10,000 Discovery, Inc. (NASDAQ:DISCA) shares with value of $212,856 were bought by Wiedenfels Gunnar. Another trade for 3,047 shares valued at $55,349 was made by Campbell Bruce on Wednesday, December 13. On Friday, March 16 Alpert-Romm Adria sold $367,214 worth of Discovery, Inc. (NASDAQ:DISCA) or 16,238 shares.

Investors sentiment decreased to 0.87 in 2017 Q4. Its down 0.05, from 0.92 in 2017Q3. It worsened, as 74 investors sold DISCA shares while 172 reduced holdings. 93 funds opened positions while 121 raised stakes. 228.72 million shares or 11.88% more from 204.44 million shares in 2017Q3 were reported. New Amsterdam Ptnrs Lc invested in 0.53% or 118,036 shares. Proshare Advsr Lc holds 0% or 28,012 shares. Moreover, Gabelli Funds Lc has 0.16% invested in Discovery, Inc. (NASDAQ:DISCA). First Quadrant Limited Partnership Ca holds 0.39% or 984,417 shares in its portfolio. Franklin Street Advsr Nc, a North Carolina-based fund reported 18,830 shares. Parkside Fin Bank & Trust Trust invested in 0% or 40 shares. Moneta Gru Advsr Limited Com owns 14 shares. Cranbrook Wealth Management Ltd accumulated 6 shares or 0% of the stock. Smead Capital Mngmt accumulated 3.95 million shares. Landscape Mgmt Limited Liability has invested 0.07% in Discovery, Inc. (NASDAQ:DISCA). Jpmorgan Chase And holds 197,845 shares. Oxbow Limited Liability reported 64,015 shares or 0.27% of all its holdings. Cim Mangement Incorporated invested in 0.21% or 28,117 shares. Aviva Public Limited Com accumulated 0.01% or 119,910 shares. Fmr Ltd Liability Com has 117,774 shares.

Among 35 analysts covering Discovery Communications (NASDAQ:DISCA), 12 have Buy rating, 2 Sell and 21 Hold. Therefore 34% are positive. Discovery Communications had 99 analyst reports since August 3, 2015 according to SRatingsIntel. UBS upgraded Discovery, Inc. (NASDAQ:DISCA) on Tuesday, September 26 to “Hold” rating. As per Wednesday, November 16, the company rating was maintained by RBC Capital Markets. The firm earned “Hold” rating on Thursday, January 12 by Pivotal Research. The stock of Discovery, Inc. (NASDAQ:DISCA) has “Hold” rating given on Monday, February 5 by Cowen & Co. The rating was maintained by Citigroup with “Neutral” on Friday, August 14. The rating was upgraded by Pivotal Research on Tuesday, August 8 to “Buy”. The stock has “Overweight” rating by Barclays Capital on Friday, August 14. The rating was upgraded by Barrington on Tuesday, January 2 to “Buy”. As per Wednesday, November 8, the company rating was maintained by B. Riley & Co. The firm has “Underperform” rating given on Tuesday, January 10 by Credit Suisse.

More notable recent Discovery, Inc. (NASDAQ:DISCA) news were published by: 247Wallst.com which released: “Earnings You Might Have Missed: Hertz, Zillow, Discovery, Dish Network” on May 08, 2018, also Seekingalpha.com with their article: “Discovery Communications: Weighing The Scripps Acquisition” published on April 25, 2018, Streetinsider.com published: “Paulson’s 13F Shows New Stake in Goldcorp (GG), Increase in Discovery (DISCA), Viacom (VIAB) (more…)” on May 15, 2018. More interesting news about Discovery, Inc. (NASDAQ:DISCA) were released by: Streetinsider.com and their article: “JANA Shows New Stakes in Apple (AAPL), Boston Scientific (BSX), Dropbox (DBX), iQIYI (IQ) (more..) -13F” published on May 15, 2018 as well as Seekingalpha.com‘s news article titled: “How About Them Synergies?” with publication date: May 16, 2018.

Reaves W H & Company Inc, which manages about $3.03B and $3.17 billion US Long portfolio, decreased its stake in Transcanada Corp (NYSE:TRP) by 11,401 shares to 688,981 shares, valued at $33.51M in 2017Q4, according to the filing. It also reduced its holding in Portland Gen Elec Co Com New (NYSE:POR) by 49,061 shares in the quarter, leaving it with 317,982 shares, and cut its stake in Baker Hughes Inc New Class A.

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