Pure Financial Advisors Inc. grew its holdings in Walt Disney Co (NYSE:DIS) by 10.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,965 shares of the entertainment giant’s stock after acquiring an additional 646 shares during the quarter. Pure Financial Advisors Inc.’s holdings in Walt Disney were worth $777,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in DIS. Victory Capital Management Inc. boosted its position in shares of Walt Disney by 7.1% in the fourth quarter. Victory Capital Management Inc. now owns 1,164,846 shares of the entertainment giant’s stock valued at $168,472,000 after acquiring an additional 76,804 shares during the period. Teza Capital Management LLC acquired a new position in Walt Disney in the fourth quarter valued at about $311,000. Highstreet Asset Management Inc. raised its stake in Walt Disney by 81.5% in the fourth quarter. Highstreet Asset Management Inc. now owns 3,170 shares of the entertainment giant’s stock valued at $458,000 after purchasing an additional 1,423 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Walt Disney by 14.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 496,070 shares of the entertainment giant’s stock valued at $71,747,000 after purchasing an additional 63,786 shares in the last quarter. Finally, Lloyd Advisory Services LLC. acquired a new position in Walt Disney in the fourth quarter valued at about $49,000. 62.81% of the stock is owned by institutional investors.
Shares of Walt Disney stock traded up $0.42 on Wednesday, reaching $114.05. 5,306,951 shares of the company’s stock were exchanged, compared to its average volume of 13,552,074. The company has a market capitalization of $206.42 billion, a P/E ratio of 38.61, a price-to-earnings-growth ratio of 12.21 and a beta of 1.10. Walt Disney Co has a 52 week low of $79.07 and a 52 week high of $153.41. The firm’s 50-day moving average is $116.79 and its two-hundred day moving average is $120.62. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.89 and a current ratio of 0.94.
Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $17.49 billion. During the same period in the previous year, the company earned $1.61 earnings per share. Walt Disney’s revenue for the quarter was up 20.7% compared to the same quarter last year. On average, analysts expect that Walt Disney Co will post 1.49 EPS for the current fiscal year.
A number of research analysts recently commented on DIS shares. Argus dropped their price target on Walt Disney from $160.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Wells Fargo & Co boosted their price target on Walt Disney from $107.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, June 19th. Royal Bank of Canada dropped their price target on Walt Disney from $110.00 to $108.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. Consumer Edge downgraded Walt Disney from an “overweight” rating to an “equal weight” rating and set a $125.00 target price for the company. in a research note on Tuesday, June 9th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Walt Disney in a research note on Friday, May 8th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $127.36.
Walt Disney 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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