US Bancorp DE raised its stake in Walt Disney Co (NYSE:DIS) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,353,076 shares of the entertainment giant’s stock after acquiring an additional 40,128 shares during the quarter. US Bancorp DE owned approximately 0.08% of Walt Disney worth $188,942,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of DIS. Centerpoint Advisors LLC lifted its position in Walt Disney by 276.5% in the 2nd quarter. Centerpoint Advisors LLC now owns 192 shares of the entertainment giant’s stock worth $27,000 after buying an additional 141 shares during the last quarter. SRS Capital Advisors Inc. bought a new stake in Walt Disney in the second quarter valued at approximately $39,000. Portfolio Solutions LLC bought a new stake in Walt Disney in the fourth quarter valued at approximately $43,000. Riverview Trust Co bought a new stake in Walt Disney in the fourth quarter valued at approximately $48,000. Finally, MRA Associates USA LLC bought a new stake in Walt Disney in the second quarter valued at approximately $53,000. 68.75% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:DIS traded up $0.54 during midday trading on Friday, reaching $138.04. 2,879,868 shares of the company’s stock traded hands, compared to its average volume of 6,890,449. The company has a market cap of $244.61 billion, a price-to-earnings ratio of 19.50, a P/E/G ratio of 4.49 and a beta of 0.97. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.67 and a current ratio of 0.70. Walt Disney Co has a one year low of $100.35 and a one year high of $147.15. The stock has a 50 day moving average of $138.14 and a 200 day moving average of $131.63.
Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. The company’s revenue for the quarter 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. Sell-side analysts predict that Walt Disney Co will post 6 EPS for the current fiscal year.
Several analysts have weighed in on the company. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $150.00 price objective on shares of Walt Disney in a research report on Wednesday, August 7th. Bank of America set a $168.00 target price on Walt Disney and gave the company a “buy” rating in a research note on Monday, June 24th. Loop Capital boosted their target price on Walt Disney to $165.00 and gave the company a “buy” rating in a research note on Friday, June 14th. Zacks Investment Research raised Walt Disney from a “strong sell” rating to a “hold” rating and set a $120.00 target price on the stock in a research note on Tuesday, July 9th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Walt Disney in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $148.22.
In other Walt Disney news, EVP Zenia B. Mucha sold 49,561 shares of the stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $140.00, for a total value of $6,938,540.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Brent Woodford sold 2,000 shares of the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $144.25, for a total value of $288,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 148,223 shares of company stock worth $20,885,881. 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.
See Also: Hedge Funds – Risk or Reward?
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.