Biltmore Family Office LLC increased its stake in shares of Walt Disney Co (NYSE:DIS) by 1.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,749 shares of the entertainment giant’s stock after buying an additional 232 shares during the quarter. Walt Disney accounts for 1.3% of Biltmore Family Office LLC’s investment portfolio, making the stock its 23rd largest holding. Biltmore Family Office LLC’s holdings in Walt Disney were worth $1,908,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in DIS. Norges Bank purchased a new position in Walt Disney in the fourth quarter worth $2,572,048,000. Fisher Asset Management LLC increased its position in shares of Walt Disney by 5,464.7% during the 1st quarter. Fisher Asset Management LLC now owns 4,504,570 shares of the entertainment giant’s stock valued at $435,141,000 after purchasing an additional 4,423,621 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Walt Disney by 782.9% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,724,769 shares of the entertainment giant’s stock valued at $391,758,000 after acquiring an additional 2,416,143 shares during the period. M&G Investment Management Ltd. purchased a new stake in Walt Disney in the 4th quarter worth approximately $194,314,000. Finally, Swiss National Bank lifted its holdings in Walt Disney by 23.1% in the 1st quarter. Swiss National Bank now owns 6,995,071 shares of the entertainment giant’s stock worth $675,724,000 after buying an additional 1,314,800 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.
Several research firms have weighed in on DIS. Cowen increased their price objective on Walt Disney from $154.00 to $159.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Credit Suisse Group cut Walt Disney from an “outperform” rating to a “neutral” rating and set a $116.00 price objective for the company. in a report on Monday, April 20th. TheStreet cut Walt Disney from a “b-” rating to a “c+” rating in a report on Thursday, March 12th. Deutsche Bank dropped their price objective on Walt Disney from $147.00 to $128.00 and set a “hold” rating for the company in a report on Tuesday. Finally, Bank of America restated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a research note on Wednesday, February 26th. Fourteen research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Walt Disney presently has a consensus rating of “Hold” and a consensus target price of $126.58.
DIS stock opened at $118.02 on Friday. Walt Disney Co has a twelve month low of $79.07 and a twelve month high of $153.41. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 0.45. The firm has a market cap of $212.83 billion, a PE ratio of 39.87, a price-to-earnings-growth ratio of 11.04 and a beta of 1.08. The business has a 50 day moving average of $104.80 and a 200 day moving average of $127.09.
Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.23). Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The company had revenue of $18.01 billion for the quarter, compared to the consensus estimate of $17.49 billion. During the same period last year, the business earned $1.61 EPS. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. On average, research analysts expect that Walt Disney Co will post 2.09 earnings per share for the current fiscal year.
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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