Northwestern Mutual Investment Management Company LLC grew its holdings in Walt Disney Co (NYSE:DIS) by 153.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,195 shares of the entertainment giant’s stock after purchasing an additional 107,181 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Walt Disney were worth $17,117,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in DIS. TD Capital Management LLC purchased a new position in Walt Disney in the 1st quarter worth approximately $29,000. Carolina Wealth Advisors LLC purchased a new position in Walt Disney in the 4th quarter worth approximately $31,000. Cox Capital Mgt LLC purchased a new position in Walt Disney in the 1st quarter worth approximately $34,000. Marquette Asset Management LLC lifted its stake in Walt Disney by 3,500.0% in the 1st quarter. Marquette Asset Management LLC now owns 360 shares of the entertainment giant’s stock worth $35,000 after purchasing an additional 350 shares in the last quarter. Finally, Horan Securities Inc. purchased a new position in Walt Disney in the 1st quarter worth approximately $36,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on DIS. Bank of America restated a “buy” rating and set a $125.00 price target on shares of Walt Disney in a report on Wednesday, February 26th. Rosenblatt Securities restated a “buy” rating and set a $130.00 price target on shares of Walt Disney in a report on Wednesday, May 6th. TheStreet downgraded shares of Walt Disney from a “b-” rating to a “c+” rating in a report on Thursday, March 12th. Citigroup cut their price target on shares of Walt Disney from $161.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Finally, Credit Suisse Group downgraded shares of Walt Disney from an “outperform” rating to a “neutral” rating and set a $116.00 price target for the company. in a report on Monday, April 20th. Fourteen investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $126.58.
NYSE:DIS opened at $118.02 on Friday. The company has a fifty day simple moving average of $104.80 and a two-hundred day simple moving average of $127.09. The company has a market cap of $212.83 billion, a price-to-earnings ratio of 39.87, a price-to-earnings-growth ratio of 11.04 and a beta of 1.08. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 0.45. Walt Disney Co has a 52 week low of $79.07 and a 52 week high of $153.41.
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 the Thomson Reuters’ consensus estimate of $0.83 by ($0.23). The business had revenue of $18.01 billion during the quarter, compared to analyst estimates of $17.49 billion. Walt Disney had a return on equity of 9.09% and a net margin of 6.88%. The business’s revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.61 EPS. On average, analysts expect that Walt Disney Co will post 2.09 EPS for the current year.
About Walt Disney
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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