Kempen Capital Management N.V. lessened its holdings in shares of Walt Disney Co (NYSE:DIS) by 27.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,560 shares of the entertainment giant’s stock after selling 5,943 shares during the quarter. Kempen Capital Management N.V.’s holdings in Walt Disney were worth $2,173,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Walt Disney by 3.3% in the second quarter. Vanguard Group Inc. now owns 131,103,772 shares of the entertainment giant’s stock worth $18,307,330,000 after purchasing an additional 4,142,604 shares in the last quarter. FMR LLC raised its holdings in Walt Disney by 37.2% in the first quarter. FMR LLC now owns 33,901,641 shares of the entertainment giant’s stock worth $3,764,098,000 after purchasing an additional 9,190,235 shares in the last quarter. Northern Trust Corp raised its holdings in Walt Disney by 1.2% in the second quarter. Northern Trust Corp now owns 25,509,749 shares of the entertainment giant’s stock worth $3,562,181,000 after purchasing an additional 300,560 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Walt Disney by 4.0% in the second quarter. Bank of New York Mellon Corp now owns 24,158,044 shares of the entertainment giant’s stock worth $3,373,429,000 after purchasing an additional 918,097 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Walt Disney by 7.4% in the second quarter. Janus Henderson Group PLC now owns 12,194,709 shares of the entertainment giant’s stock worth $1,702,901,000 after purchasing an additional 835,585 shares in the last quarter. Institutional investors and hedge funds own 68.41% of the company’s stock.
Shares of Walt Disney stock traded down $0.31 during trading on Wednesday, hitting $136.00. 738,287 shares of the company’s stock traded hands, compared to its average volume of 6,625,304. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.70 and a quick ratio of 0.67. Walt Disney Co has a 1 year low of $100.35 and a 1 year high of $147.15. The stock has a market capitalization of $248.63 billion, a P/E ratio of 19.21, a PEG ratio of 4.57 and a beta of 0.97. The business has a 50-day simple moving average of $137.52 and a 200-day simple moving average of $132.21.
Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, August 6th. The entertainment giant reported $1.35 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.41). Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. The business had revenue of $20.25 billion for the quarter, compared to analysts’ expectations of $21.40 billion. During the same period last year, the business earned $1.87 earnings per share. The company’s quarterly revenue was up 32.9% on a year-over-year basis. On average, equities analysts predict that Walt Disney Co will post 6 earnings per share for the current fiscal year.
In related news, EVP Alan N. Braverman sold 94,462 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $141.18, for a total transaction of $13,336,145.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Brent Woodford sold 2,000 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $144.25, for a total value of $288,500.00. The disclosure for this sale can be found here. Insiders have sold 98,662 shares of company stock worth $13,947,341 over the last ninety days. 0.36% of the stock is currently owned by insiders.
A number of equities research analysts have recently commented on the company. Bank of America set a $168.00 target price on Walt Disney and gave the stock a “buy” rating in a research note on Monday, June 24th. Moffett Nathanson set a $150.00 target price on Walt Disney and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Needham & Company LLC reissued a “hold” rating on shares of Walt Disney in a research note on Wednesday, August 7th. Morgan Stanley set a $160.00 target price on Walt Disney and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Citigroup reissued a “buy” rating and issued a $160.00 target price (up from $132.00) on shares of Walt Disney in a research note on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $147.26.
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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