Surevest Inc. acquired a new stake in shares of Walt Disney Co (NYSE:DIS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 21,149 shares of the entertainment giant’s stock, valued at approximately $2,319,000. Walt Disney comprises about 1.8% of Surevest Inc.’s holdings, making the stock its 14th biggest holding.
Several other large investors also recently made changes to their positions in the company. Litman Gregory Asset Management LLC purchased a new stake in shares of Walt Disney during the fourth quarter worth about $25,000. Crewe Advisors LLC boosted its holdings in shares of Walt Disney by 55.6% during the fourth quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 100 shares during the period. Clarfeld Financial Advisors LLC purchased a new stake in shares of Walt Disney during the fourth quarter worth about $42,000. Portfolio Solutions LLC purchased a new stake in shares of Walt Disney during the fourth quarter worth about $43,000. Finally, Riverview Trust Co purchased a new stake in shares of Walt Disney during the fourth quarter worth about $48,000. 64.23% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Brent Woodford sold 2,200 shares of Walt Disney stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $138.23, for a total transaction of $304,106.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Zenia B. Mucha sold 33,000 shares of Walt Disney stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $128.88, for a total transaction of $4,253,040.00. The disclosure for this sale can be found here. Insiders sold 45,400 shares of company stock valued at $5,973,980 over the last 90 days. 0.36% of the stock is currently owned by company insiders.
A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Walt Disney from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd. ValuEngine upgraded shares of Walt Disney from a “hold” rating to a “buy” rating in a report on Saturday, April 13th. Rosenblatt Securities reiterated a “buy” rating and set a $150.00 target price on shares of Walt Disney in a report on Monday, April 8th. Imperial Capital increased their target price on shares of Walt Disney from $129.00 to $139.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Finally, Goldman Sachs Group initiated coverage on shares of Walt Disney in a report on Thursday, April 4th. They set a “buy” rating and a $142.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $144.99.
Shares of DIS opened at $141.65 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 0.36. Walt Disney Co has a one year low of $100.35 and a one year high of $142.95. The stock has a market capitalization of $254.93 billion, a price-to-earnings ratio of 20.83, a P/E/G ratio of 3.79 and a beta of 0.97.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, May 8th. The entertainment giant reported $1.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.02. Walt Disney had a net margin of 22.55% and a return on equity of 15.67%. The business had revenue of $14.92 billion during the quarter, compared to analyst estimates of $14.53 billion. During the same period last year, the business posted $1.84 earnings per share. Walt Disney’s quarterly revenue was up 2.6% compared to the same quarter last year. Sell-side analysts predict that Walt Disney Co will post 6.63 EPS for the current fiscal year.
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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 businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
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