Parthenon LLC grew its holdings in Walt Disney Co (NYSE:DIS) by 16.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,221 shares of the entertainment giant’s stock after buying an additional 859 shares during the period. Parthenon LLC’s holdings in Walt Disney were worth $652,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Live Your Vision LLC increased its stake in shares of Walt Disney by 91.6% in the second 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 in the last quarter. Trilogy Capital Inc. purchased a new stake in shares of Walt Disney in the first quarter worth $107,000. BDO Wealth Advisors LLC grew its stake in Walt Disney by 184.3% during the first quarter. BDO Wealth Advisors LLC now owns 1,140 shares of the entertainment giant’s stock valued at $114,000 after acquiring an additional 739 shares in the last quarter. Bruderman Asset Management LLC purchased a new position in Walt Disney during the first quarter valued at $116,000. Finally, Marshall & Sullivan Inc. WA purchased a new position in Walt Disney during the second quarter valued at $121,000. Institutional investors and hedge funds own 63.05% of the company’s stock.
In other Walt Disney news, Chairman Robert A. Iger sold 437,679 shares of Walt Disney stock in a transaction on Monday, August 6th. The shares were sold at an average price of $115.00, for a total value of $50,333,085.00. Following the completion of the transaction, the chairman now directly owns 1,498,871 shares of the company’s stock, valued at approximately $172,370,165. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brent Woodford sold 952 shares of Walt Disney stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $111.87, for a total transaction of $106,500.24. Following the completion of the transaction, the executive vice president now directly owns 26,698 shares of the company’s stock, valued at $2,986,705.26. The disclosure for this sale can be found here. Insiders sold a total of 710,954 shares of company stock valued at $80,620,932 over the last three months. Corporate insiders own 0.38% of the company’s stock.
DIS has been the subject of several research analyst reports. ValuEngine raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research note on Friday, June 15th. Pivotal Research cut shares of Walt Disney from a “hold” rating to a “sell” rating and set a $93.00 target price for the company. in a research note on Monday, June 18th. Zacks Investment Research raised shares of Walt Disney from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a research note on Monday, June 18th. Imperial Capital initiated coverage on shares of Walt Disney in a research note on Thursday, June 28th. They set an “in-line” rating and a $108.00 target price for the company. Finally, Credit Suisse Group initiated coverage on shares of Walt Disney in a research note on Tuesday, July 10th. They set a “neutral” rating and a $114.00 target price for the company. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $119.45.
Shares of NYSE:DIS opened at $110.67 on Friday. Walt Disney Co has a 52 week low of $96.80 and a 52 week high of $117.90. The firm has a market capitalization of $162.79 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 1.45 and a beta of 1.31. 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 (NYSE:DIS) last issued its quarterly earnings data on Tuesday, August 7th. The entertainment giant reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.10). Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. The business had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.49 billion. During the same period in the previous year, the business earned $1.58 earnings per share. research analysts expect that Walt Disney Co will post 6.92 EPS for the current fiscal year.
Walt Disney Company 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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