Royal Fund Management LLC acquired a new position in shares of Walt Disney Co (NYSE:DIS) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 21,133 shares of the entertainment giant’s stock, valued at approximately $2,041,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. TD Capital Management LLC purchased a new position in Walt Disney during the 1st quarter valued at about $29,000. Carolina Wealth Advisors LLC purchased a new position in Walt Disney during the 4th quarter valued at about $31,000. Cox Capital Mgt LLC purchased a new position in Walt Disney during the 1st quarter valued at about $34,000. Marquette Asset Management LLC grew its stake in Walt Disney by 3,500.0% during the 1st quarter. Marquette Asset Management LLC now owns 360 shares of the entertainment giant’s stock valued at $35,000 after acquiring an additional 350 shares in the last quarter. Finally, Horan Securities Inc. purchased a new position in Walt Disney during the 1st quarter valued at about $36,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.
Several equities analysts have weighed in on the company. TheStreet cut Walt Disney from a “b-” rating to a “c+” rating in a research note on Thursday, March 12th. Argus lowered their price target on Walt Disney from $160.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Zacks Investment Research cut Walt Disney from a “buy” rating to a “hold” rating and set a $122.00 price target for the company. in a research note on Wednesday, March 4th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Walt Disney in a research note on Friday, May 8th. Finally, Bank of America reissued a “buy” rating and issued a $125.00 price target on shares of Walt Disney in a research note on Wednesday, February 26th. Fourteen investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $126.58.
Shares of DIS stock opened at $118.02 on Friday. Walt Disney Co has a 12 month low of $79.07 and a 12 month high of $153.41. 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 stock has a 50 day moving average of $104.80 and a 200-day moving average of $127.09. 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 (NYSE:DIS) last issued 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 analyst estimates of $17.49 billion. During the same quarter last year, the firm earned $1.61 earnings per share. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. As a group, equities analysts predict that Walt Disney Co will post 2.09 EPS for the current fiscal 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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