Sciencast Management LP acquired a new stake in Walt Disney Co (NYSE:DIS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 6,150 shares of the entertainment giant’s stock, valued at approximately $725,000.
Other large investors have also recently modified their holdings of the company. TD Capital Management LLC bought a new stake in Walt Disney in the 1st quarter valued at about $29,000. Carolina Wealth Advisors LLC lifted its position in Walt Disney by 53.3% in the 1st quarter. Carolina Wealth Advisors LLC now owns 328 shares of the entertainment giant’s stock valued at $32,000 after purchasing an additional 114 shares during the last quarter. Marquette Asset Management LLC lifted its position in Walt Disney by 3,500.0% in the 1st quarter. Marquette Asset Management LLC now owns 360 shares of the entertainment giant’s stock valued at $35,000 after purchasing an additional 350 shares during the last quarter. Horan Securities Inc. bought a new stake in Walt Disney in the 1st quarter valued at about $36,000. Finally, Selective Wealth Management Inc. lifted its position in Walt Disney by 50.6% in the 2nd quarter. Selective Wealth Management Inc. now owns 372 shares of the entertainment giant’s stock valued at $42,000 after purchasing an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 62.66% of the company’s stock.
Several analysts recently weighed in on DIS shares. SunTrust Banks lifted their price objective on shares of Walt Disney from $110.00 to $160.00 and gave the company a “hold” rating in a research report on Tuesday, April 14th. Deutsche Bank dropped their price target on shares of Walt Disney from $147.00 to $128.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. JPMorgan Chase & Co. restated a “buy” rating on shares of Walt Disney in a research report on Friday, May 8th. Loop Capital downgraded shares of Walt Disney from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research report on Tuesday, May 19th. Finally, Credit Suisse Group downgraded shares of Walt Disney from an “outperform” rating to a “neutral” rating and set a $116.00 price target on the stock. in a research report on Monday, April 20th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $125.35.
Walt Disney stock opened at $116.94 on Friday. The firm’s 50 day simple moving average is $115.68 and its 200-day simple moving average is $117.27. The company has a market cap of $208.91 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 13.36 and a beta of 1.10. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.94 and a quick ratio of 0.89. Walt Disney Co has a fifty-two week low of $79.07 and a fifty-two week high of $153.41.
Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.23). The firm had revenue of $18.01 billion during the quarter, compared to analysts’ expectations 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 last year, the business earned $1.61 earnings per share. On average, analysts expect that Walt Disney Co will post 1.38 EPS for the current fiscal year.
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.
Featured Story: Why do earnings reports matter?
Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).
Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.