E&G Advisors LP boosted its holdings in Walt Disney Co (NYSE:DIS) by 26.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,700 shares of the entertainment giant’s stock after buying an additional 2,000 shares during the quarter. E&G Advisors LP’s holdings in Walt Disney were worth $1,134,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Trilogy Capital Inc. acquired a new position in Walt Disney in the 1st quarter worth approximately $107,000. CSat Investment Advisory L.P. acquired a new position in Walt Disney in the 2nd quarter worth approximately $112,000. Live Your Vision LLC boosted its stake in Walt Disney by 91.6% in the 2nd quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock worth $113,000 after purchasing an additional 500 shares during the period. BDO Wealth Advisors LLC boosted its stake in Walt Disney by 184.3% in the 1st quarter. BDO Wealth Advisors LLC now owns 1,140 shares of the entertainment giant’s stock worth $114,000 after purchasing an additional 739 shares during the period. Finally, Marshall & Sullivan Inc. WA acquired a new position in Walt Disney in the 2nd quarter worth approximately $121,000. Hedge funds and other institutional investors own 63.15% of the company’s stock.
A number of equities research analysts have issued reports on DIS shares. ValuEngine raised shares of Walt Disney from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Loop Capital lifted their target price on shares of Walt Disney to $130.00 and gave the company a “buy” rating in a research note on Friday. Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. B. Riley decreased their target price on shares of Walt Disney from $123.00 to $121.00 and set a “buy” rating for the company in a research note on Wednesday, August 8th. Finally, Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $104.00 to $130.00 in a research note on Friday, October 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $120.99.
In related news, EVP Brent Woodford sold 952 shares of Walt Disney stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $111.87, for a total value of $106,500.24. Following the transaction, the executive vice president now owns 26,698 shares in the company, valued at approximately $2,986,705.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mary Jayne Parker sold 29,192 shares of Walt Disney stock in a transaction on Wednesday, October 3rd. The stock was sold at an average price of $117.99, for a total transaction of $3,444,364.08. Following the completion of the transaction, the executive vice president now owns 29,199 shares in the company, valued at approximately $3,445,190.01. The disclosure for this sale can be found here. Insiders sold a total of 78,838 shares of company stock worth $9,391,319 in the last quarter. Insiders own 0.38% of the company’s stock.
DIS stock opened at $118.00 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.88 and a quick ratio of 0.81. Walt Disney Co has a 1 year low of $97.68 and a 1 year high of $120.20. The firm has a market capitalization of $173.58 billion, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 1.47 and a beta of 1.17.
Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 8th. The entertainment giant reported $1.48 EPS for the quarter, topping the consensus estimate of $1.31 by $0.17. The firm had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $13.76 billion. Walt Disney had a net margin of 20.76% and a return on equity of 21.37%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 EPS. Equities analysts forecast that Walt Disney Co will post 6.92 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: This story was first posted by American Banking News and is the property of of American Banking News. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2018/11/10/eg-advisors-lp-acquires-2000-shares-of-walt-disney-co-dis.html.
About Walt Disney
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.
See Also: What are retained earnings?
Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).
Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.