Independence Advisors LLC trimmed its position in Walt Disney Co (NYSE:DIS) by 20.0% during the first quarter, Holdings Channel reports. The institutional investor owned 4,007 shares of the entertainment giant’s stock after selling 999 shares during the quarter. Independence Advisors LLC’s holdings in Walt Disney were worth $387,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in DIS. Carolina Wealth Advisors LLC acquired a new position in shares of Walt Disney in the 4th quarter valued at $31,000. Cox Capital Mgt LLC acquired a new position in shares of Walt Disney in the 1st quarter valued at $34,000. TI Trust Inc. acquired a new position in shares of Walt Disney in the 4th quarter valued at $39,000. Moser Wealth Advisors LLC acquired a new position in shares of Walt Disney in the 4th quarter valued at $43,000. Finally, TD Capital Management LLC acquired a new position in shares of Walt Disney in the 1st quarter valued at $29,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.
Walt Disney stock opened at $118.02 on Friday. Walt Disney Co has a 52 week low of $79.07 and a 52 week high of $153.41. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.89 and a current ratio of 0.94. The stock has a market capitalization of $212.83 billion, a P/E ratio of 39.87, a PEG ratio of 11.04 and a beta of 1.08. The stock has a 50-day simple moving average of $104.80 and a 200 day simple moving average of $127.09.
Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.23). Walt Disney had a return on equity of 9.09% and a net margin of 6.88%. The business had revenue of $18.01 billion for the quarter, compared to the consensus estimate of $17.49 billion. During the same quarter in the previous year, the business posted $1.61 EPS. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. Research analysts forecast that Walt Disney Co will post 2.09 earnings per share for the current year.
A number of research analysts have recently weighed in on DIS shares. Royal Bank of Canada cut their price target on Walt Disney from $110.00 to $108.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. TheStreet downgraded Walt Disney from a “b-” rating to a “c+” rating in a research note on Thursday, March 12th. Argus dropped their price objective on Walt Disney from $160.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 price objective on shares of Walt Disney in a research note on Wednesday, May 6th. Finally, Citigroup dropped their price objective on Walt Disney from $161.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Fourteen analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $126.58.
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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