Private Advisor Group LLC decreased its holdings in shares of Walt Disney Co (NYSE:DIS) by 4.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,297 shares of the entertainment giant’s stock after selling 4,115 shares during the quarter. Private Advisor Group LLC’s holdings in Walt Disney were worth $9,297,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of DIS. HC Financial Advisors Inc. purchased a new stake in Walt Disney during the fourth quarter worth approximately $2,797,000. Baskin Financial Services Inc. lifted its stake in Walt Disney by 48.6% during the first quarter. Baskin Financial Services Inc. now owns 136,561 shares of the entertainment giant’s stock worth $13,716,000 after purchasing an additional 44,668 shares during the last quarter. BancorpSouth Bank lifted its stake in Walt Disney by 3.9% during the first quarter. BancorpSouth Bank now owns 23,722 shares of the entertainment giant’s stock worth $2,383,000 after purchasing an additional 888 shares during the last quarter. Exchange Capital Management Inc. lifted its stake in Walt Disney by 11.1% during the first quarter. Exchange Capital Management Inc. now owns 52,629 shares of the entertainment giant’s stock worth $5,286,000 after purchasing an additional 5,246 shares during the last quarter. Finally, Summit Global Investments lifted its stake in Walt Disney by 28.1% during the first quarter. Summit Global Investments now owns 56,670 shares of the entertainment giant’s stock worth $5,691,000 after purchasing an additional 12,425 shares during the last quarter. Hedge funds and other institutional investors own 63.04% of the company’s stock.
Several equities research analysts recently weighed in on DIS shares. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a research note on Monday, September 10th. BMO Capital Markets boosted their price objective on Walt Disney from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Wednesday, August 8th. Pivotal Research cut Walt Disney from a “hold” rating to a “sell” rating and set a $93.00 price objective for the company. in a research note on Monday, June 18th. ValuEngine upgraded Walt Disney from a “sell” rating to a “hold” rating in a research note on Friday, June 15th. Finally, B. Riley reduced their price objective on Walt Disney from $123.00 to $121.00 and set a “buy” rating for the company in a research note on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $119.54.
NYSE:DIS opened at $114.78 on Monday. The company has a market capitalization of $173.92 billion, a PE ratio of 20.14, a P/E/G ratio of 1.55 and a beta of 1.29. 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 Co has a 12-month low of $96.80 and a 12-month high of $118.10.
Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.97 by ($0.10). The company had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.49 billion. Walt Disney had a net margin of 20.76% and a return on equity of 21.37%. During the same period in the previous year, the firm posted $1.58 EPS. Equities analysts predict that Walt Disney Co will post 6.92 earnings per share for the current year.
In other news, EVP Mary Jayne Parker sold 29,192 shares of the business’s stock in a transaction that occurred on Wednesday, October 3rd. The stock was sold at an average price of $117.99, for a total value of $3,444,364.08. Following the transaction, the executive vice president now owns 29,199 shares of the company’s stock, valued at $3,445,190.01. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Robert A. Iger sold 437,679 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $172,370,165. The disclosure for this sale can be found here. In the last three months, insiders sold 740,339 shares of company stock worth $84,097,650. Corporate insiders own 0.38% of the company’s stock.
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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