Pure Financial Advisors Inc. Increases Holdings in Walt Disney Co (NYSE:DIS)

Pure Financial Advisors Inc. lifted its position in shares of Walt Disney Co (NYSE:DIS) by 10.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,965 shares of the entertainment giant’s stock after purchasing an additional 646 shares during the quarter. Pure Financial Advisors Inc.’s holdings in Walt Disney were worth $777,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in Walt Disney by 7.1% in the 4th quarter. Victory Capital Management Inc. now owns 1,164,846 shares of the entertainment giant’s stock worth $168,472,000 after purchasing an additional 76,804 shares during the period. Teza Capital Management LLC purchased a new position in Walt Disney in the 4th quarter worth approximately $311,000. Highstreet Asset Management Inc. increased its stake in Walt Disney by 81.5% in the 4th quarter. Highstreet Asset Management Inc. now owns 3,170 shares of the entertainment giant’s stock worth $458,000 after purchasing an additional 1,423 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Walt Disney by 14.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 496,070 shares of the entertainment giant’s stock worth $71,747,000 after purchasing an additional 63,786 shares during the period. Finally, Lloyd Advisory Services LLC. purchased a new position in Walt Disney in the 4th quarter worth approximately $49,000. 62.81% of the stock is currently owned by institutional investors.

Shares of NYSE DIS traded up $0.42 during mid-day trading on Wednesday, hitting $114.05. 5,306,951 shares of the stock traded hands, compared to its average volume of 13,552,074. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.89 and a current ratio of 0.94. Walt Disney Co has a 52 week low of $79.07 and a 52 week high of $153.41. The company has a market cap of $206.42 billion, a price-to-earnings ratio of 38.61, a PEG ratio of 12.21 and a beta of 1.10. The stock has a fifty day moving average price of $116.79 and a 200-day moving average price of $120.62.

Walt Disney (NYSE:DIS) last released its 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). Walt Disney had a return on equity of 9.09% and a net margin of 6.88%. The company had revenue of $18.01 billion during the quarter, compared to the consensus estimate of $17.49 billion. During the same period last year, the firm posted $1.61 earnings per share. The company’s revenue was up 20.7% compared to the same quarter last year. As a group, sell-side analysts predict that Walt Disney Co will post 1.49 EPS for the current fiscal year.

A number of brokerages have commented on DIS. Cfra decreased their price target on Walt Disney from $160.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Royal Bank of Canada decreased 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. Wells Fargo & Co lifted their price objective on Walt Disney from $107.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, June 19th. Zacks Investment Research lowered Walt Disney from a “hold” rating to a “strong sell” rating and set a $124.00 price objective on the stock. in a research report on Wednesday, June 17th. Finally, Argus cut their price objective on Walt Disney from $160.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $127.36.

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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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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