The Walt Disney Company (NYSE:DIS) Shares Bought by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC raised its position in The Walt Disney Company (NYSE:DISGet Rating) by 3.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 14,621 shares of the entertainment giant’s stock after acquiring an additional 449 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Walt Disney were worth $2,005,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Walt Disney by 8.5% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,129,166 shares of the entertainment giant’s stock valued at $154,876,000 after purchasing an additional 88,249 shares during the period. RiverPark Advisors LLC increased its stake in shares of Walt Disney by 6.9% during the first quarter. RiverPark Advisors LLC now owns 94,488 shares of the entertainment giant’s stock valued at $12,960,000 after acquiring an additional 6,092 shares during the period. Tectonic Advisors LLC increased its stake in shares of Walt Disney by 14.0% during the first quarter. Tectonic Advisors LLC now owns 6,667 shares of the entertainment giant’s stock valued at $915,000 after acquiring an additional 818 shares during the period. Proffitt & Goodson Inc. increased its stake in shares of Walt Disney by 6.1% during the first quarter. Proffitt & Goodson Inc. now owns 7,535 shares of the entertainment giant’s stock valued at $1,034,000 after acquiring an additional 434 shares during the period. Finally, Banque Cantonale Vaudoise increased its stake in shares of Walt Disney by 4.0% during the first quarter. Banque Cantonale Vaudoise now owns 95,813 shares of the entertainment giant’s stock valued at $13,141,000 after acquiring an additional 3,657 shares during the period. Institutional investors and hedge funds own 64.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DIS shares. Wells Fargo & Company lowered their price objective on shares of Walt Disney from $153.00 to $130.00 and set an “overweight” rating on the stock in a research note on Monday, July 25th. JPMorgan Chase & Co. lowered their price objective on shares of Walt Disney from $200.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 19th. Royal Bank of Canada reduced their target price on shares of Walt Disney from $210.00 to $176.00 in a report on Thursday, May 12th. Moffett Nathanson reduced their target price on shares of Walt Disney to $120.00 in a report on Friday, July 22nd. Finally, KeyCorp reduced their target price on shares of Walt Disney from $151.00 to $131.00 and set an “overweight” rating for the company in a report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $154.28.

Walt Disney Stock Down 1.4 %

Walt Disney stock opened at $106.63 on Friday. The company has a market capitalization of $194.13 billion, a P/E ratio of 73.54, a P/E/G ratio of 1.30 and a beta of 1.24. The firm’s fifty day simple moving average is $100.15 and its 200-day simple moving average is $120.77. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 0.49. The Walt Disney Company has a 1-year low of $90.23 and a 1-year high of $187.58.

Walt Disney (NYSE:DISGet Rating) last released its quarterly earnings results on Wednesday, May 11th. The entertainment giant reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.12). The business had revenue of $19.25 billion for the quarter, compared to the consensus estimate of $20.25 billion. Walt Disney had a net margin of 3.46% and a return on equity of 6.87%. During the same quarter in the prior year, the business posted $0.79 EPS. Sell-side analysts forecast that The Walt Disney Company will post 3.93 earnings per share for the current fiscal year.

Walt Disney Company Profile

(Get Rating)

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

See Also

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

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