Personal Capital Advisors Corp grew its holdings in shares of Walt Disney Co (NYSE:DIS) by 5.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 389,712 shares of the entertainment giant’s stock after acquiring an additional 18,991 shares during the period. Walt Disney comprises approximately 0.6% of Personal Capital Advisors Corp’s holdings, making the stock its 28th largest position. Personal Capital Advisors Corp’s holdings in Walt Disney were worth $45,573,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of DIS. HC Financial Advisors Inc. bought a new stake in Walt Disney in the fourth quarter worth about $2,797,000. Gruss & Co. Inc. raised its position in Walt Disney by 25.0% in the first quarter. Gruss & Co. Inc. now owns 15,000 shares of the entertainment giant’s stock worth $1,507,000 after acquiring an additional 3,000 shares in the last quarter. American Money Management LLC raised its position in Walt Disney by 2.9% in the first quarter. American Money Management LLC now owns 33,520 shares of the entertainment giant’s stock worth $3,367,000 after acquiring an additional 943 shares in the last quarter. Financial Advocates Investment Management raised its holdings in Walt Disney by 39.4% during the 1st quarter. Financial Advocates Investment Management now owns 29,879 shares of the entertainment giant’s stock worth $3,001,000 after buying an additional 8,445 shares during the period. Finally, Cheviot Value Management LLC acquired a new stake in Walt Disney during the 1st quarter worth about $2,130,000. 63.15% of the stock is owned by hedge funds and other institutional investors.
NYSE:DIS opened at $118.00 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.88. Walt Disney Co has a fifty-two week low of $97.68 and a fifty-two week high of $120.20. The stock has a market cap of $174.08 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 1.48 and a beta of 1.17.
Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.17. Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. The company had revenue of $14.30 billion for the quarter, compared to analysts’ expectations of $13.76 billion. During the same quarter in the previous year, the business posted $1.07 EPS. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities analysts forecast that Walt Disney Co will post 7.25 earnings per share for the current fiscal year.
In other Walt Disney news, EVP Brent Woodford sold 961 shares of Walt Disney stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $117.06, for a total transaction of $112,494.66. Following the transaction, the executive vice president now owns 25,737 shares of the company’s stock, valued at approximately $3,012,773.22. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Robert A. Iger sold 47,733 shares of Walt Disney stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $120.00, for a total value of $5,727,960.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 78,838 shares of company stock worth $9,391,319. Company insiders own 0.38% of the company’s stock.
Several research firms have issued reports on DIS. ValuEngine upgraded Walt Disney from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Loop Capital boosted their price objective on Walt Disney to $130.00 and gave the stock a “buy” rating in a report on Friday. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a report on Monday, October 1st. B. Riley cut their price objective on Walt Disney from $123.00 to $121.00 and set a “buy” rating on the stock in a report on Wednesday, August 8th. Finally, Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $104.00 to $130.00 in a report on Friday, October 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $120.99.
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Walt Disney 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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