Iberiabank Corp boosted its stake in Walt Disney Co (NYSE:DIS) by 6.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 74,310 shares of the entertainment giant’s stock after buying an additional 4,710 shares during the quarter. Iberiabank Corp’s holdings in Walt Disney were worth $8,286,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. TD Capital Management LLC acquired a new stake in shares of Walt Disney during the 1st quarter worth about $29,000. Carolina Wealth Advisors LLC lifted its stake in shares of Walt Disney by 53.3% during the first quarter. Carolina Wealth Advisors LLC now owns 328 shares of the entertainment giant’s stock valued at $32,000 after buying an additional 114 shares during the period. Sofos Investments Inc. lifted its stake in shares of Walt Disney by 238.5% during the first quarter. Sofos Investments Inc. now owns 1,300 shares of the entertainment giant’s stock valued at $33,000 after buying an additional 916 shares during the period. Marquette Asset Management LLC lifted its stake in shares of Walt Disney by 3,500.0% during the first quarter. Marquette Asset Management LLC now owns 360 shares of the entertainment giant’s stock valued at $35,000 after buying an additional 350 shares during the period. Finally, Horan Securities Inc. purchased a new position in shares of Walt Disney during the first quarter valued at approximately $36,000. Hedge funds and other institutional investors own 62.66% of the company’s stock.
Several brokerages recently issued reports on DIS. Credit Suisse Group downgraded shares of Walt Disney from an “outperform” rating to a “neutral” rating and set a $116.00 price objective on the stock. in a research note on Monday, April 20th. Royal Bank of Canada reduced their price objective on shares of Walt Disney from $110.00 to $108.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Sanford C. Bernstein reduced their price objective on shares of Walt Disney from $100.00 to $96.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 6th. SunTrust Banks upped their price objective on shares of Walt Disney from $110.00 to $160.00 and gave the company a “hold” rating in a research note on Tuesday, April 14th. Finally, BMO Capital Markets reduced their price objective on shares of Walt Disney from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $125.35.
NYSE DIS opened at $116.94 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 0.45. Walt Disney Co has a fifty-two week low of $79.07 and a fifty-two week high of $153.41. The business has a 50 day moving average price of $115.68 and a two-hundred day moving average price of $117.27. The stock has a market cap of $208.91 billion, a PE ratio of 25.42, a P/E/G ratio of 13.36 and a beta of 1.10.
Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.23). Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The firm had revenue of $18.01 billion for the quarter, compared to analyst estimates of $17.49 billion. During the same period in the previous year, the business posted $1.61 earnings per share. Walt Disney’s revenue for the quarter was up 20.7% on a year-over-year basis. Sell-side analysts anticipate that Walt Disney Co will post 1.38 EPS for the current fiscal year.
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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