Stelac Advisory Services LLC purchased a new position in shares of Walt Disney Co (NYSE:DIS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,706 shares of the entertainment giant’s stock, valued at approximately $636,000.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Public Investment Fund acquired a new position in Walt Disney during the first quarter valued at approximately $495,802,000. Fisher Asset Management LLC grew its holdings in Walt Disney by 5,464.7% during the first 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 period. Morgan Stanley grew its holdings in Walt Disney by 16.7% during the first quarter. Morgan Stanley now owns 27,471,116 shares of the entertainment giant’s stock valued at $2,653,710,000 after purchasing an additional 3,939,992 shares during the period. APG Asset Management N.V. grew its holdings in Walt Disney by 112.7% during the first quarter. APG Asset Management N.V. now owns 5,550,814 shares of the entertainment giant’s stock valued at $548,877,000 after purchasing an additional 2,940,933 shares during the period. Finally, Advisor Group Holdings Inc. acquired a new position in Walt Disney during the first quarter valued at approximately $79,750,000. 62.66% of the stock is owned by institutional investors and hedge funds.
NYSE DIS opened at $116.94 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 0.45. The firm’s fifty day moving average price is $115.68 and its two-hundred day moving average price is $117.27. Walt Disney Co has a 1 year low of $79.07 and a 1 year high of $153.41. The firm has a market capitalization of $208.91 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 13.36 and a beta of 1.10.
Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (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 firm 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 company posted $1.61 earnings per share. The business’s revenue was up 20.7% compared to the same quarter last year. On average, research analysts anticipate that Walt Disney Co will post 1.38 EPS for the current fiscal year.
DIS has been the subject of several research analyst reports. Loop Capital cut shares of Walt Disney from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a report on Tuesday, May 19th. Sanford C. Bernstein reduced their price target on shares of Walt Disney from $100.00 to $96.00 and set a “market perform” rating for the company in a report on Wednesday, May 6th. Zacks Investment Research cut shares of Walt Disney from a “hold” rating to a “strong sell” rating and set a $124.00 price target for the company. in a report on Wednesday, June 17th. Citigroup reduced 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, Needham & Company LLC reiterated a “hold” rating on shares of Walt Disney in a report on Friday, June 26th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $125.35.
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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