Dakota Wealth Management raised its stake in Walt Disney Co (NYSE:DIS) by 844.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,924 shares of the entertainment giant’s stock after purchasing an additional 26,757 shares during the period. Walt Disney comprises 0.9% of Dakota Wealth Management’s investment portfolio, making the stock its 28th biggest position. Dakota Wealth Management’s holdings in Walt Disney were worth $3,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the business. Trilogy Capital Inc. acquired a new stake in shares of Walt Disney during the 1st quarter worth about $107,000. Live Your Vision LLC raised its position in shares of Walt Disney by 91.6% during the 2nd quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock worth $113,000 after acquiring an additional 500 shares in the last quarter. BDO Wealth Advisors LLC raised its position in shares of Walt Disney by 184.3% during the 1st quarter. BDO Wealth Advisors LLC now owns 1,140 shares of the entertainment giant’s stock worth $114,000 after acquiring an additional 739 shares in the last quarter. Bruderman Asset Management LLC acquired a new stake in shares of Walt Disney during the 1st quarter worth about $116,000. Finally, Marshall & Sullivan Inc. WA acquired a new stake in shares of Walt Disney during the 2nd quarter worth about $121,000. 63.04% of the stock is currently owned by institutional investors.
In other Walt Disney news, EVP Brent Woodford sold 843 shares of Walt Disney stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $113.56, for a total value of $95,731.08. Following the transaction, the executive vice president now directly owns 27,650 shares in the company, valued at approximately $3,139,934. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alan N. Braverman sold 140,638 shares of Walt Disney stock in a transaction that occurred on Wednesday, July 11th. The shares were sold at an average price of $107.00, for a total value of $15,048,266.00. Following the completion of the transaction, the executive vice president now owns 160,316 shares in the company, valued at $17,153,812. The disclosure for this sale can be found here. Insiders sold a total of 740,339 shares of company stock worth $84,097,650 over the last quarter. Company insiders own 0.38% of the company’s stock.
DIS has been the topic of several research analyst reports. Imperial Capital raised their target price on Walt Disney from $108.00 to $112.00 and gave the stock an “inline” rating in a research report on Wednesday, August 8th. Zacks Investment Research raised Walt Disney from a “sell” rating to a “hold” rating in a research report on Monday, October 1st. Pivotal Research reissued a “sell” rating and set a $95.00 target price on shares of Walt Disney in a research report on Sunday, September 23rd. Royal Bank of Canada reaffirmed a “buy” rating and set a $140.00 price target on shares of Walt Disney in a research report on Wednesday, August 8th. Finally, B. Riley cut their price target on Walt Disney from $123.00 to $121.00 and set a “buy” rating on the stock in a research report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $119.54.
DIS opened at $114.78 on Monday. The company has a market cap of $173.92 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 1.55 and a beta of 1.29. Walt Disney Co has a 52 week low of $96.80 and a 52 week high of $118.10. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.35.
Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.10). Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. The firm had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same period last year, the firm earned $1.58 EPS. Equities analysts predict that Walt Disney Co will post 6.92 earnings per share for the current fiscal year.
About Walt Disney
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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