First National Bank Sioux Falls boosted its position in Walt Disney Co (NYSE:DIS) by 4.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 2,235 shares of the entertainment giant’s stock after purchasing an additional 105 shares during the period. First National Bank Sioux Falls’ holdings in Walt Disney were worth $291,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Larson Financial Group LLC boosted its position in Walt Disney by 81.5% in the third quarter. Larson Financial Group LLC now owns 7,703 shares of the entertainment giant’s stock valued at $1,004,000 after buying an additional 3,460 shares during the last quarter. Rockland Trust Co. boosted its position in Walt Disney by 33.8% in the third quarter. Rockland Trust Co. now owns 14,701 shares of the entertainment giant’s stock valued at $1,884,000 after buying an additional 3,717 shares during the last quarter. HBW Advisory Services LLC purchased a new stake in Walt Disney in the third quarter valued at approximately $2,061,000. Intellectus Partners LLC boosted its position in Walt Disney by 29.9% in the third quarter. Intellectus Partners LLC now owns 5,924 shares of the entertainment giant’s stock valued at $772,000 after buying an additional 1,365 shares during the last quarter. Finally, Buffington Mohr McNeal boosted its position in Walt Disney by 8.4% in the third quarter. Buffington Mohr McNeal now owns 7,396 shares of the entertainment giant’s stock valued at $964,000 after buying an additional 574 shares during the last quarter. Hedge funds and other institutional investors own 68.40% of the company’s stock.
Walt Disney stock traded up $1.43 during mid-day trading on Friday, hitting $130.77. The company had a trading volume of 3,794,173 shares, compared to its average volume of 8,495,506. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 0.38. Walt Disney Co has a 12-month low of $100.35 and a 12-month high of $147.15. The company’s fifty day moving average is $133.98 and its 200-day moving average is $134.24. The company has a market capitalization of $235.57 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 4.23 and a beta of 0.96.
Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.41). The business had revenue of $20.25 billion for the quarter, compared to analyst estimates of $21.40 billion. Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. The company’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.87 earnings per share. As a group, sell-side analysts expect that Walt Disney Co will post 5.74 EPS for the current fiscal year.
A number of equities research analysts recently commented on the company. Wells Fargo & Co assumed coverage on Walt Disney in a research report on Monday, September 23rd. They issued an “outperform” rating and a $173.00 target price on the stock. ValuEngine lowered Walt Disney from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $150.00 target price on shares of Walt Disney in a research report on Wednesday, August 7th. Loop Capital upped their target price on Walt Disney to $165.00 and gave the company a “buy” rating in a research report on Friday, June 14th. Finally, Tigress Financial restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 26th. Seven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Walt Disney has a consensus rating of “Buy” and an average price target of $151.31.
In other news, EVP Brent Woodford sold 2,200 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $146.68, for a total transaction of $322,696.00. Following the completion of the transaction, the executive vice president now directly owns 34,679 shares of the company’s stock, valued at approximately $5,086,715.72. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.36% 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 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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