Adviser Investments LLC raised its holdings in Walt Disney Co (NYSE:DIS) by 7.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,829 shares of the entertainment giant’s stock after purchasing an additional 2,030 shares during the quarter. Adviser Investments LLC’s holdings in Walt Disney were worth $3,126,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of DIS. HC Financial Advisors Inc. bought a new stake in shares of Walt Disney during the 4th quarter worth approximately $2,797,000. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Walt Disney by 5.9% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 402,475 shares of the entertainment giant’s stock worth $43,269,000 after purchasing an additional 22,368 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Walt Disney by 3.3% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 275,126 shares of the entertainment giant’s stock worth $29,590,000 after purchasing an additional 8,661 shares in the last quarter. LPL Financial LLC raised its stake in shares of Walt Disney by 5.0% during the 4th quarter. LPL Financial LLC now owns 680,966 shares of the entertainment giant’s stock worth $73,211,000 after purchasing an additional 32,522 shares in the last quarter. Finally, Clark Capital Management Group Inc. raised its stake in shares of Walt Disney by 12.3% during the 4th quarter. Clark Capital Management Group Inc. now owns 11,352 shares of the entertainment giant’s stock worth $1,220,000 after purchasing an additional 1,240 shares in the last quarter. 63.05% of the stock is currently owned by institutional investors.
DIS opened at $109.26 on Friday. Walt Disney Co has a 1-year low of $96.80 and a 1-year high of $117.90. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $162.79 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 1.45 and a beta of 1.31.
Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.10). Walt Disney had a net margin of 20.76% and a return on equity of 21.37%. The business had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.49 billion. During the same quarter last year, the company posted $1.58 EPS. equities analysts expect that Walt Disney Co will post 6.92 earnings per share for the current year.
A number of equities research analysts have recently issued reports on DIS shares. Zacks Investment Research cut Walt Disney from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. B. Riley dropped their price objective on Walt Disney from $123.00 to $121.00 and set a “buy” rating on the stock in a research note on Wednesday, August 8th. Bank of America set a $144.00 price objective on Walt Disney and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Credit Suisse Group started coverage on Walt Disney in a research note on Tuesday, July 10th. They set a “neutral” rating and a $114.00 price objective on the stock. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $140.00 price objective on shares of Walt Disney in a research note on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the stock. Walt Disney has a consensus rating of “Hold” and an average target price of $119.45.
In other Walt Disney news, Chairman Robert A. Iger sold 437,679 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $115.00, for a total transaction of $50,333,085.00. Following the transaction, the chairman now owns 1,498,871 shares in the company, valued at approximately $172,370,165. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alan N. Braverman sold 140,638 shares of the stock in a transaction on Wednesday, July 11th. The stock was sold at an average price of $107.00, for a total value of $15,048,266.00. Following the transaction, the executive vice president now owns 160,316 shares in the company, valued at approximately $17,153,812. The disclosure for this sale can be found here. In the last 90 days, insiders sold 710,954 shares of company stock worth $80,620,932. 0.38% of the stock is owned by company insiders.
Walt Disney Company Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.
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