Providence Capital Advisors LLC boosted its position in Walt Disney Co (NYSE:DIS) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,716 shares of the entertainment giant’s stock after acquiring an additional 265 shares during the quarter. Walt Disney accounts for about 1.6% of Providence Capital Advisors LLC’s holdings, making the stock its 12th biggest holding. Providence Capital Advisors LLC’s holdings in Walt Disney were worth $2,753,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the stock. Centerpoint Advisors LLC boosted its holdings in Walt Disney by 276.5% in the second quarter. Centerpoint Advisors LLC now owns 192 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 141 shares in the last quarter. SRS Capital Advisors Inc. acquired a new stake in Walt Disney during the 2nd quarter worth $39,000. Portfolio Solutions LLC purchased a new stake in Walt Disney in the fourth quarter valued at $43,000. Riverview Trust Co purchased a new stake in Walt Disney in the fourth quarter valued at $48,000. Finally, MRA Associates USA LLC purchased a new stake in Walt Disney in the second quarter valued at $53,000. 68.75% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Zenia B. Mucha sold 49,561 shares of the company’s stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $140.00, for a total transaction of $6,938,540.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alan N. Braverman sold 94,462 shares of the stock in a transaction 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. Insiders have sold a total of 154,423 shares of company stock valued at $21,761,755 over the last ninety days. 0.36% of the stock is owned by insiders.
Shares of DIS traded up $0.29 during mid-day trading on Wednesday, hitting $136.08. 670,117 shares of the company’s stock were exchanged, compared to its average volume of 6,751,570. 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 fifty-two week low of $100.35 and a fifty-two week high of $147.15. The business’s 50 day moving average is $138.24 and its two-hundred day moving average is $131.53. The firm has a market capitalization of $250.09 billion, a P/E ratio of 19.23, a P/E/G ratio of 4.59 and a beta of 0.97.
Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.41). The company had revenue of $20.25 billion during 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%. The business’s revenue was up 32.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.87 EPS. On average, equities research analysts forecast that Walt Disney Co will post 6 earnings per share for the current year.
DIS has been the topic of several research reports. Bank of America set a $168.00 price objective on Walt Disney and gave the stock a “buy” rating in a report on Monday, June 24th. Zacks Investment Research upgraded Walt Disney from a “strong sell” rating to a “hold” rating and set a $120.00 target price on the stock in a research report on Tuesday, July 9th. Moffett Nathanson set a $150.00 target price on Walt Disney and gave the company a “buy” rating in a report on Wednesday, August 7th. Morgan Stanley set a $160.00 target price on Walt Disney and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Credit Suisse Group restated a “buy” rating and set a $150.00 price target on shares of Walt Disney in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus 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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