Taylor Hoffman Wealth Management grew its position in Walt Disney Co (NYSE:DIS) by 13.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 27,789 shares of the entertainment giant’s stock after acquiring an additional 3,345 shares during the quarter. Walt Disney comprises about 2.6% of Taylor Hoffman Wealth Management’s holdings, making the stock its 4th largest position. Taylor Hoffman Wealth Management’s holdings in Walt Disney were worth $3,621,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Centerpoint Advisors LLC lifted its holdings in shares of Walt Disney by 276.5% during the second quarter. Centerpoint Advisors LLC now owns 192 shares of the entertainment giant’s stock worth $27,000 after purchasing an additional 141 shares during the period. JJJ Advisors Inc. lifted its holdings in shares of Walt Disney by 96.8% during the third quarter. JJJ Advisors Inc. now owns 244 shares of the entertainment giant’s stock worth $32,000 after purchasing an additional 120 shares during the period. Garrett Wealth Advisory Group LLC acquired a new stake in shares of Walt Disney during the third quarter worth $36,000. SRS Capital Advisors Inc. acquired a new stake in shares of Walt Disney during the second quarter worth $39,000. Finally, Advocacy Wealth Management Services LLC lifted its holdings in shares of Walt Disney by 52.8% during the third quarter. Advocacy Wealth Management Services LLC now owns 382 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 132 shares during the period. 68.42% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have commented on the company. JPMorgan Chase & Co. reissued a “buy” rating and issued a $150.00 target price on shares of Walt Disney in a report on Friday. Sanford C. Bernstein set a $130.00 target price on Walt Disney and gave the company a “hold” rating in a report on Thursday, September 12th. Imperial Capital reduced their target price on Walt Disney from $140.00 to $139.00 and set an “in-line” rating for the company in a report on Thursday, September 19th. ValuEngine downgraded Walt Disney from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Walt Disney in a report on Friday, September 27th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $150.47.
Shares of DIS stock traded up $5.00 during mid-day trading on Friday, reaching $137.96. The stock had a trading volume of 23,891,567 shares, compared to its average volume of 7,565,782. Walt Disney Co has a 12-month low of $100.35 and a 12-month high of $147.15. The company has a market cap of $248.52 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 4.43 and a beta of 0.96. The business has a 50-day simple moving average of $131.00 and a 200 day simple moving average of $136.12. 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 (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.12. Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. The business had revenue of $19.10 billion during the quarter, compared to analysts’ expectations of $19.02 billion. During the same quarter last year, the business posted $1.48 earnings per share. The business’s revenue for the quarter was up 33.6% on a year-over-year basis. Research analysts anticipate that Walt Disney Co will post 5.74 EPS for the current year.
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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