Smead Capital Management Has Boosted Discovery (DISCA) Position; Kepos Capital LP Decreased Aetna (AET) Position by $22.88 Million

September 14, 2018 - By Anthony Rauscher

Discovery, Inc. (NASDAQ:DISCA) Logo

Smead Capital Management Inc increased its stake in Discovery Inc (DISCA) by 18.7% based on its latest 2018Q2 regulatory filing with the SEC. Smead Capital Management Inc bought 830,614 shares as the company’s stock rose 25.77% with the market. The institutional investor held 5.27M shares of the consumer services company at the end of 2018Q2, valued at $145.01M, up from 4.44M at the end of the previous reported quarter. Smead Capital Management Inc who had been investing in Discovery Inc for a number of months, seems to be bullish on the $22.15 billion market cap company. The stock increased 1.79% or $0.57 during the last trading session, reaching $32.41. About 3.40 million shares traded. Discovery, Inc. (NASDAQ:DISCA) has risen 46.19% since September 14, 2017 and is uptrending. It has outperformed by 30.57% the S&P500. Some Historical DISCA News: 10/05/2018 – Discovery: Alvarez to Be Chief Accounting Officer With Departure of Kurt Wehner or Dec. 31, Whichever Occurs First; 08/05/2018 – DISCOVERY SEES SCRIPPS COST SAVINGS FROM HEADCOUNT, REAL ESTATE; 24/04/2018 – DISCOVERY INC DISCA.O : DEUTSCHE BANK RAISES TO BUY FROM HOLD, RAISES TARGET PRICE TO $34 FROM $27; 08/05/2018 – Discovery 1Q International Networks Revenue $1.1 Billion; 24/04/2018 – KRAFT HEINZ – CO, FOOD NETWORK ANNOUNCE LAUNCH OF FOOD NETWORK KITCHEN INSPIRATIONS, A NEW LINE OF SALAD DRESSINGS, COOKING SAUCES AND MEAL KITS; 28/05/2018 – MEDIA-Discovery to shut European TV hub as it mulls post-Brexit plan- Guardian; 08/05/2018 – DISCOVERY QTRLY ADJUSTED EPS EXCLUDING RESTRUCTURING COSTS, OTHER SCRIPPS RELATED TRANSACTION COSTS, WAS $0.53; 18/04/2018 – Discovery CEO Zaslav Says Key to Disruption Is Patience (Video); 08/05/2018 – Discovery Swings to 1Q Loss Following Acquisition of Scripps; 19/04/2018 – Amazon.com secures U.S. Open tennis rights in UK and Ireland

Kepos Capital Lp decreased its stake in Aetna Inc (AET) by 20% based on its latest 2018Q2 regulatory filing with the SEC. Kepos Capital Lp sold 125,000 shares as the company’s stock rose 8.54% with the market. The hedge fund held 500,000 shares of the medical specialities company at the end of 2018Q2, valued at $91.75M, down from 625,000 at the end of the previous reported quarter. Kepos Capital Lp who had been investing in Aetna Inc for a number of months, seems to be less bullish one the $66.47B market cap company. The stock increased 0.09% or $0.18 during the last trading session, reaching $203.21. About 555,066 shares traded. Aetna Inc. (NYSE:AET) has risen 24.93% since September 14, 2017 and is uptrending. It has outperformed by 9.31% the S&P500. Some Historical AET News: 26/03/2018 – U.S. News and Aetna Foundation Release Inaugural Healthiest Communities Rankings; 24/04/2018 – EXPRESS SCRIPTS ESRX.O SAYS PRESSING AMGEN INC AMGN.O , RIVALS TO CHANGE DYNAMIC OF HIGH LIST PRICES, DEEP REBATES ON NEW MIGRAINE MEDICINES; 25/05/2018 – LabCorp to Become a Preferred National Laboratory for Aetna; 04/05/2018 – AETNA INC AET.N : BMO RAISES TARGET PRICE TO $202 FROM $198; 13/03/2018 – Aetna Shareholders Overwhelmingly Approve Proposed Acquisition by CVS Health; 08/03/2018 – Aetna Trading Activity Rises to Triple 20 Day Average; 02/05/2018 – CVS: Moving Forward on Regulatory, Integration Planning Fronts on Aetna Deal; 17/04/2018 – AETNA RESTATES 2017 INCOME BEFORE TAXES UNDER NEW SEGMENTS; 06/03/2018 CVS Starts Blockbuster Debt Sale to Fund $68 Billion Aetna Deal; 13/03/2018 – CVS: Aetna Transaction Expected to Close in Second Half of 2018

Since March 14, 2018, it had 3 buys, and 1 insider sale for $29.57 million activity. Wiedenfels Gunnar also bought $212,856 worth of Discovery, Inc. (NASDAQ:DISCA) on Wednesday, May 9. Sims Savalle sold $61,902 worth of Discovery, Inc. (NASDAQ:DISCA) on Wednesday, March 14. Shares for $1.07 million were bought by WARGO J DAVID. MALONE JOHN C also bought $32.98M worth of Discovery, Inc. (NASDAQ:DISCA) shares. LOWE KENNETH W also sold $4.70M worth of Discovery, Inc. (NASDAQ:DISCA) shares.

Another recent and important Discovery, Inc. (NASDAQ:DISCA) news was published by Fool.com which published an article titled: “What Happened in the Stock Market Today” on September 12, 2018.

Among 36 analysts covering Discovery Communications (NASDAQ:DISCA), 15 have Buy rating, 2 Sell and 19 Hold. Therefore 42% are positive. Discovery Communications had 108 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, September 19 by Cowen & Co. The company was upgraded on Monday, June 4 by Pivotal Research. Jefferies maintained Discovery, Inc. (NASDAQ:DISCA) on Thursday, November 2 with “Hold” rating. On Thursday, September 29 the stock rating was downgraded by Barrington Research to “Market Perform”. The company was downgraded on Friday, October 16 by Barclays Capital. The firm has “Mkt Perform” rating given on Wednesday, November 2 by FBR Capital. Barclays Capital downgraded Discovery, Inc. (NASDAQ:DISCA) on Thursday, January 5 to “Underweight” rating. Macquarie Research downgraded the shares of DISCA in report on Tuesday, April 26 to “Underperform” rating. The firm has “Hold” rating by Needham given on Tuesday, July 25. The firm has “Buy” rating by Jefferies given on Tuesday, August 21.

Investors sentiment decreased to 0.92 in 2018 Q2. Its down 1.77, from 2.69 in 2018Q1. It turned negative, as 60 investors sold DISCA shares while 183 reduced holdings. 72 funds opened positions while 152 raised stakes. 308.77 million shares or 1.57% less from 313.69 million shares in 2018Q1 were reported. Wilbanks Smith And Thomas Asset Mngmt has invested 0.02% in Discovery, Inc. (NASDAQ:DISCA). Cranbrook Wealth Mgmt Limited Company invested in 6 shares or 0% of the stock. Markel stated it has 0.55% in Discovery, Inc. (NASDAQ:DISCA). Raymond James Advisors has 0% invested in Discovery, Inc. (NASDAQ:DISCA) for 22,484 shares. Glenmede Trust Na holds 0.01% or 52,781 shares in its portfolio. Wallace Capital Mgmt reported 520,126 shares. Evergreen Capital Management Ltd has invested 0.19% in Discovery, Inc. (NASDAQ:DISCA). Veritable LP invested in 0.04% or 67,878 shares. Trustees Of Dartmouth College invested 0.02% of its portfolio in Discovery, Inc. (NASDAQ:DISCA). Whittier Trust Company has 328 shares for 0% of their portfolio. 183,221 were reported by Fort Lp. Schwab Charles Investment Mngmt Incorporated holds 0.04% in Discovery, Inc. (NASDAQ:DISCA) or 2.07 million shares. Rbf Capital Ltd Llc holds 10,000 shares or 0.03% of its portfolio. Parametric Assocs Lc reported 479,710 shares. Halcyon Management Ptnrs LP holds 680,256 shares.

Smead Capital Management Inc, which manages about $762.03 million and $2.10 billion US Long portfolio, decreased its stake in Kroger Co (NYSE:KR) by 34,679 shares to 1.89M shares, valued at $53.82 million in 2018Q2, according to the filing. It also reduced its holding in Nordstrom Inc (NYSE:JWN) by 15,846 shares in the quarter, leaving it with 869,102 shares, and cut its stake in Wells Fargo Co New (NYSE:WFC).

Analysts await Aetna Inc. (NYSE:AET) to report earnings on October, 30. They expect $2.85 earnings per share, up 16.33% or $0.40 from last year’s $2.45 per share. AET’s profit will be $932.24 million for 17.83 P/E if the $2.85 EPS becomes a reality. After $3.43 actual earnings per share reported by Aetna Inc. for the previous quarter, Wall Street now forecasts -16.91% negative EPS growth.

More important recent Aetna Inc. (NYSE:AET) news were published by: Benzinga.com which released: “Health Care Has Been On Fire. Will The Uptrend Continue?” on September 07, 2018, also Bizjournals.com published article titled: “Aetna, BMC insurer see explosive growth in Mass.”, Finance.Yahoo.com published: “Aetna Stock Should Have More Upside, But There’s One Key Risk” on September 12, 2018. More interesting news about Aetna Inc. (NYSE:AET) was released by: Bizjournals.com and their article: “What employers needs to know about trends in health care and benefits” with publication date: September 14, 2018.

Kepos Capital Lp, which manages about $2.11B and $1.96B US Long portfolio, upped its stake in Hennessy Capital Acquisition Corp Iii by 568,415 shares to 1.37M shares, valued at $1.98 million in 2018Q2, according to the filing. It also increased its holding in Abbott Laboratories (NYSE:ABBV) by 16,688 shares in the quarter, for a total of 71,030 shares, and has risen its stake in Texas Instruments Inc (NASDAQ:TXN).

Investors sentiment increased to 0.94 in 2018 Q2. Its up 0.26, from 0.68 in 2018Q1. It increased, as 40 investors sold AET shares while 307 reduced holdings. 85 funds opened positions while 240 raised stakes. 264.38 million shares or 1.91% less from 269.52 million shares in 2018Q1 were reported. 43,317 are owned by Banque Pictet Cie Sa. Adage Prtnrs Llc has invested 1.97% in Aetna Inc. (NYSE:AET). Gulf Savings Bank (Uk) Limited holds 0.24% of its portfolio in Aetna Inc. (NYSE:AET) for 103,455 shares. Chemical National Bank holds 0.82% in Aetna Inc. (NYSE:AET) or 41,610 shares. Hm Payson & Com has 0.09% invested in Aetna Inc. (NYSE:AET) for 12,085 shares. 2,282 are held by Frontier Inv. 8,375 were reported by Northwestern Mutual Wealth Mngmt. Endurant Cap Management LP holds 2.32% or 29,197 shares in its portfolio. Linscomb And Williams Inc has 0.05% invested in Aetna Inc. (NYSE:AET) for 3,499 shares. Pensionfund Dsm Netherlands has invested 0.6% of its portfolio in Aetna Inc. (NYSE:AET). Oppenheimer And Inc has 0.03% invested in Aetna Inc. (NYSE:AET). Veritable LP holds 0.04% or 9,472 shares in its portfolio. Qv invested in 77,874 shares or 1.5% of the stock. Confluence Wealth Mgmt Limited Liability Corporation has 6,630 shares. Susquehanna Llp has invested 0.01% in Aetna Inc. (NYSE:AET).

Among 24 analysts covering Aetna (NYSE:AET), 11 have Buy rating, 0 Sell and 13 Hold. Therefore 46% are positive. Aetna had 77 analyst reports since July 30, 2015 according to SRatingsIntel. On Wednesday, December 6 the stock rating was downgraded by Argus Research to “Hold”. As per Tuesday, September 5, the company rating was maintained by Jefferies. The company was downgraded on Tuesday, January 24 by Leerink Swann. PiperJaffray upgraded Aetna Inc. (NYSE:AET) on Wednesday, January 3 to “Overweight” rating. The rating was maintained by Cantor Fitzgerald with “Buy” on Monday, June 11. The stock of Aetna Inc. (NYSE:AET) has “Buy” rating given on Tuesday, August 4 by Susquehanna. The stock of Aetna Inc. (NYSE:AET) has “Overweight” rating given on Wednesday, June 7 by Morgan Stanley. The stock of Aetna Inc. (NYSE:AET) has “Neutral” rating given on Tuesday, February 2 by Wedbush. The firm earned “Buy” rating on Monday, January 22 by Deutsche Bank. The stock has “Hold” rating by Jefferies on Friday, January 8.

Discovery, Inc. (NASDAQ:DISCA) Institutional Positions Chart

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