Procyon Private Wealth Partners LLC Acquires 868 Shares of The Walt Disney Company (NYSE:DIS)

Procyon Private Wealth Partners LLC raised its holdings in The Walt Disney Company (NYSE:DIS) by 6.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,799 shares of the entertainment giant’s stock after buying an additional 868 shares during the quarter. Procyon Private Wealth Partners LLC’s holdings in Walt Disney were worth $2,334,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Walt Disney by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 136,666,060 shares of the entertainment giant’s stock worth $24,021,793,000 after buying an additional 940,877 shares during the last quarter. BlackRock Inc. grew its position in shares of Walt Disney by 2.2% in the 2nd quarter. BlackRock Inc. now owns 119,480,524 shares of the entertainment giant’s stock worth $21,001,090,000 after buying an additional 2,623,659 shares during the last quarter. State Street Corp grew its position in shares of Walt Disney by 1.9% in the 2nd quarter. State Street Corp now owns 71,914,682 shares of the entertainment giant’s stock worth $12,640,444,000 after buying an additional 1,355,380 shares during the last quarter. Morgan Stanley grew its position in shares of Walt Disney by 1.9% in the 2nd quarter. Morgan Stanley now owns 32,666,477 shares of the entertainment giant’s stock worth $5,741,785,000 after buying an additional 595,313 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Walt Disney by 3.0% during the second quarter. Geode Capital Management LLC now owns 27,929,476 shares of the entertainment giant’s stock valued at $4,893,596,000 after purchasing an additional 813,689 shares in the last quarter. Hedge funds and other institutional investors own 64.08% of the company’s stock.

In other Walt Disney news, CEO Robert A. Chapek sold 10,587 shares of the business’s stock in a transaction dated Tuesday, August 31st. The stock was sold at an average price of $182.00, for a total transaction of $1,926,834.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.25% of the company’s stock.

Walt Disney stock opened at $151.34 on Thursday. The stock has a market cap of $275.00 billion, a PE ratio of 138.84, a price-to-earnings-growth ratio of 1.49 and a beta of 1.17. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 1.08. The Walt Disney Company has a one year low of $146.29 and a one year high of $203.02. The stock has a fifty day moving average of $170.25 and a 200 day moving average of $175.01.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, November 10th. The entertainment giant reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.13). Walt Disney had a net margin of 2.96% and a return on equity of 4.86%. During the same period in the previous year, the firm posted ($0.20) EPS. As a group, sell-side analysts predict that The Walt Disney Company will post 4.74 EPS for the current fiscal year.

Several research firms recently weighed in on DIS. Zacks Investment Research lowered Walt Disney from a “buy” rating to a “hold” rating and set a $185.00 price target on the stock. in a research report on Wednesday, August 18th. The Goldman Sachs Group dropped their price target on Walt Disney from $218.00 to $209.00 and set a “buy” rating on the stock in a research report on Thursday, November 11th. UBS Group dropped their price target on Walt Disney from $220.00 to $205.00 and set a “buy” rating on the stock in a research report on Thursday, November 11th. BMO Capital Markets dropped their price target on Walt Disney from $195.00 to $180.00 and set a “market perform” rating on the stock in a research report on Thursday, November 11th. Finally, Moffett Nathanson dropped their price target on Walt Disney from $185.00 to $180.00 and set a “neutral” rating on the stock in a research report on Monday, October 18th. Six investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $200.15.

Walt Disney Company Profile

The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Media Networks, Parks, Experiences and Products, Studio Entertainment and Direct-to-Consumer and International (DTCI). The Media Networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, radio networks and stations.

Read More: Why do commodities matter?

Institutional Ownership by Quarter for Walt Disney (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.