Foster Victor Wealth Advisors LLC increased its position in Walt Disney Co (NYSE:DIS) by 13.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,960 shares of the entertainment giant’s stock after acquiring an additional 238 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Walt Disney were worth $257,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in DIS. Vanguard Group Inc. boosted its position in shares of Walt Disney by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 131,103,772 shares of the entertainment giant’s stock valued at $18,307,330,000 after purchasing an additional 4,142,604 shares in the last quarter. Phocas Financial Corp. boosted its holdings in shares of Walt Disney by 1,011,623.0% in the second quarter. Phocas Financial Corp. now owns 65,691,172 shares of the entertainment giant’s stock worth $91,731,000 after buying an additional 65,684,679 shares during the period. FMR LLC boosted its holdings in shares of Walt Disney by 37.2% in the first quarter. FMR LLC now owns 33,901,641 shares of the entertainment giant’s stock worth $3,764,098,000 after buying an additional 9,190,235 shares during the period. Morgan Stanley boosted its holdings in shares of Walt Disney by 29.9% in the second quarter. Morgan Stanley now owns 27,743,170 shares of the entertainment giant’s stock worth $3,874,059,000 after buying an additional 6,386,504 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Walt Disney by 1.2% in the second quarter. Northern Trust Corp now owns 25,509,749 shares of the entertainment giant’s stock worth $3,562,181,000 after buying an additional 300,560 shares during the period. 68.40% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have commented on DIS. Tigress Financial reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 26th. Zacks Investment Research raised shares of Walt Disney from a “strong sell” rating to a “hold” rating and set a $120.00 price target for the company in a research report on Tuesday, July 9th. ValuEngine lowered shares of Walt Disney from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein set a $130.00 price target on shares of Walt Disney and gave the stock a “hold” rating in a research report on Thursday, September 12th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $150.00 price target on shares of Walt Disney in a research report on Thursday, August 8th. Seven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Walt Disney presently has an average rating of “Buy” and an average price target of $151.31.
DIS traded up $1.10 during midday trading on Friday, hitting $130.44. 406,487 shares of the company’s stock traded hands, compared to its average volume of 8,495,506. The company has a market cap of $235.33 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 4.23 and a beta of 0.96. The stock’s fifty day simple moving average is $133.98 and its 200-day simple moving average is $134.24. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.70 and a quick ratio of 0.67. Walt Disney Co has a one year low of $100.35 and a one year high of $147.15.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($0.41). The business had revenue of $20.25 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business posted $1.87 EPS. On average, research analysts expect that Walt Disney Co will post 5.74 EPS for the current year.
In related news, EVP Brent Woodford sold 2,200 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $146.68, for a total transaction of $322,696.00. Following the transaction, the executive vice president now owns 34,679 shares of the company’s stock, valued at $5,086,715.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.36% of the stock is currently owned by company insiders.
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.
Recommended Story: Why Dividend Stocks May Be Right for You
Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.