Dividend Assets Capital LLC lifted its stake in Walt Disney Co (NYSE:DIS) by 16.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,931 shares of the entertainment giant’s stock after acquiring an additional 406 shares during the period. Dividend Assets Capital LLC’s holdings in Walt Disney were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of DIS. TD Capital Management LLC acquired a new stake in shares of Walt Disney in the 1st quarter worth approximately $29,000. Carolina Wealth Advisors LLC acquired a new stake in shares of Walt Disney in the 4th quarter worth approximately $31,000. Sofos Investments Inc. raised its holdings in shares of Walt Disney by 238.5% in the 1st quarter. Sofos Investments Inc. now owns 1,300 shares of the entertainment giant’s stock worth $33,000 after purchasing an additional 916 shares in the last quarter. Cox Capital Mgt LLC bought a new stake in shares of Walt Disney in the 1st quarter worth approximately $34,000. Finally, Marquette Asset Management LLC raised its holdings in shares of Walt Disney by 3,500.0% in the 1st quarter. Marquette Asset Management LLC now owns 360 shares of the entertainment giant’s stock worth $35,000 after purchasing an additional 350 shares in the last quarter. 62.80% of the stock is owned by institutional investors.
DIS stock traded up $0.55 during trading hours on Friday, hitting $117.30. The company’s stock had a trading volume of 17,743,334 shares, compared to its average volume of 21,888,922. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $211.88 billion, a PE ratio of 39.63, a price-to-earnings-growth ratio of 11.15 and a beta of 1.08. Walt Disney Co has a 12 month low of $79.07 and a 12 month high of $153.41. The stock has a 50 day moving average price of $107.94 and a two-hundred day moving average price of $126.61.
Walt Disney (NYSE:DIS) last posted 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). The business had revenue of $18.01 billion during the quarter, compared to the consensus estimate of $17.49 billion. Walt Disney had a return on equity of 9.09% and a net margin of 6.88%. The business’s revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.61 earnings per share. Sell-side analysts expect that Walt Disney Co will post 1.66 earnings per share for the current year.
A number of research firms recently commented on DIS. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Walt Disney in a report on Friday, May 8th. Credit Suisse Group downgraded shares of Walt Disney from an “outperform” rating to a “neutral” rating and set a $116.00 target price on the stock. in a report on Monday, April 20th. Wells Fargo & Co downgraded shares of Walt Disney from an “overweight” rating to an “equal weight” rating in a report on Sunday, April 19th. TheStreet downgraded shares of Walt Disney from a “b-” rating to a “c+” rating in a report on Thursday, March 12th. Finally, Cfra dropped their target price on shares of Walt Disney from $160.00 to $120.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $126.50.
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.
Further Reading: Bid-Ask Spread
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