Youngs Advisory Group Inc. lowered its stake in shares of Walt Disney Co (NYSE:DIS) by 13.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,292 shares of the entertainment giant’s stock after selling 659 shares during the period. Walt Disney comprises about 0.4% of Youngs Advisory Group Inc.’s holdings, making the stock its 21st largest position. Youngs Advisory Group Inc.’s holdings in Walt Disney were worth $471,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Litman Gregory Asset Management LLC purchased a new stake in Walt Disney in the fourth quarter worth about $25,000. Crewe Advisors LLC grew its holdings in Walt Disney by 55.6% in the fourth quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 100 shares during the period. Portfolio Solutions LLC purchased a new stake in Walt Disney in the fourth quarter worth about $43,000. Contravisory Investment Management Inc. grew its holdings in Walt Disney by 176.4% in the fourth quarter. Contravisory Investment Management Inc. now owns 409 shares of the entertainment giant’s stock worth $45,000 after purchasing an additional 261 shares during the period. Finally, Riverview Trust Co purchased a new stake in Walt Disney in the fourth quarter worth about $48,000. Institutional investors own 71.58% of the company’s stock.
Shares of Walt Disney stock opened at $132.79 on Friday. The company has a market cap of $197.96 billion, a P/E ratio of 18.76, a P/E/G ratio of 3.58 and a beta of 1.00. Walt Disney Co has a twelve month low of $98.81 and a twelve month high of $142.37. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.74 and a current ratio of 0.77.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.02. The company had revenue of $14.92 billion for the quarter, compared to the consensus estimate of $14.53 billion. Walt Disney had a net margin of 22.55% and a return on equity of 15.67%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.84 earnings per share. On average, research analysts anticipate that Walt Disney Co will post 6.67 earnings per share for the current fiscal year.
In related news, EVP Brent Woodford sold 4,000 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $135.24, for a total transaction of $540,960.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Zenia B. Mucha sold 33,000 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $128.88, for a total transaction of $4,253,040.00. The disclosure for this sale can be found here. 0.36% of the stock is owned by corporate insiders.
DIS has been the topic of a number of recent research reports. Rosenblatt Securities restated a “buy” rating and issued a $150.00 price objective on shares of Walt Disney in a report on Monday, April 8th. Goldman Sachs Group started coverage on shares of Walt Disney in a report on Thursday, April 4th. They issued a “buy” rating and a $142.00 price objective on the stock. Citigroup increased their price target on shares of Walt Disney from $126.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Edward Jones upgraded shares of Walt Disney from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Finally, Tigress Financial reiterated a “buy” rating on shares of Walt Disney in a report on Tuesday, February 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $142.42.
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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