Scotia Capital Inc. increased its holdings in shares of Walt Disney Co (NYSE:DIS) by 1.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 586,359 shares of the entertainment giant’s stock after purchasing an additional 9,530 shares during the quarter. Walt Disney makes up about 1.0% of Scotia Capital Inc.’s investment portfolio, making the stock its 26th biggest holding. Scotia Capital Inc.’s holdings in Walt Disney were worth $81,893,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Glenview State Bank Trust DEPT. raised its position in shares of Walt Disney by 0.5% during the 2nd quarter. Glenview State Bank Trust DEPT. now owns 15,057 shares of the entertainment giant’s stock valued at $2,103,000 after purchasing an additional 70 shares during the period. Aft Forsyth & Company Inc. grew its position in shares of Walt Disney by 0.9% during the second quarter. Aft Forsyth & Company Inc. now owns 7,705 shares of the entertainment giant’s stock worth $1,076,000 after purchasing an additional 70 shares in the last quarter. Altfest L J & Co. Inc. raised its stake in Walt Disney by 0.5% during the 2nd quarter. Altfest L J & Co. Inc. now owns 13,978 shares of the entertainment giant’s stock valued at $1,952,000 after purchasing an additional 74 shares during the period. Botty Investors LLC raised its stake in Walt Disney by 4.8% during the 2nd quarter. Botty Investors LLC now owns 1,650 shares of the entertainment giant’s stock valued at $230,000 after purchasing an additional 75 shares during the period. Finally, Wealthquest Corp raised its stake in Walt Disney by 1.6% during the 2nd quarter. Wealthquest Corp now owns 4,772 shares of the entertainment giant’s stock valued at $666,000 after purchasing an additional 76 shares during the period. 68.75% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE DIS traded up $0.25 during trading on Wednesday, hitting $136.04. 5,958,237 shares of the company were exchanged, compared to its average volume of 6,751,570. The company has a fifty day moving average price of $138.24 and a 200-day moving average price of $131.53. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.67 and a current ratio of 0.70. The firm has a market capitalization of $250.09 billion, a PE ratio of 19.21, a P/E/G ratio of 4.59 and a beta of 0.97. Walt Disney Co has a 12-month low of $100.35 and a 12-month high of $147.15.
Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.41). The company had revenue of $20.25 billion for the quarter, compared to analyst estimates of $21.40 billion. Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. Walt Disney’s revenue was up 32.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.87 earnings per share. Research analysts anticipate that Walt Disney Co will post 6 earnings per share for the current fiscal year.
In other news, EVP Brent Woodford sold 2,000 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $144.25, for a total transaction of $288,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Alan N. Braverman sold 94,462 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $141.18, for a total value of $13,336,145.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 154,423 shares of company stock worth $21,761,755. Insiders own 0.36% of the company’s stock.
A number of brokerages recently weighed in on DIS. Credit Suisse Group restated a “buy” rating and set a $150.00 target price on shares of Walt Disney in a research report on Thursday, August 8th. Morgan Stanley set a $160.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research note on Friday, August 2nd. Imperial Capital lowered their price objective on shares of Walt Disney from $147.00 to $140.00 and set an “in-line” rating for the company in a research report on Tuesday, August 20th. Citigroup reissued a “buy” rating and issued a $160.00 price objective (up from $132.00) on shares of Walt Disney in a research note on Thursday, June 6th. Finally, Moffett Nathanson set a $150.00 target price on shares of Walt Disney and gave the stock a “buy” rating in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have assigned a buy rating to the stock. Walt Disney presently has a consensus rating of “Buy” and an average price target of $148.22.
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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