Ballast Advisors LLC lifted its holdings in Walt Disney Co (NYSE:DIS) by 15.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,248 shares of the entertainment giant’s stock after purchasing an additional 293 shares during the period. Ballast Advisors LLC’s holdings in Walt Disney were worth $251,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of DIS. TD Capital Management LLC purchased a new stake in Walt Disney in the 1st quarter worth approximately $29,000. Carolina Wealth Advisors LLC increased its holdings in Walt Disney by 53.3% in the 1st quarter. Carolina Wealth Advisors LLC now owns 328 shares of the entertainment giant’s stock worth $32,000 after acquiring an additional 114 shares in the last quarter. Sofos Investments Inc. increased its holdings in 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 acquiring an additional 916 shares in the last quarter. Marquette Asset Management LLC grew its holdings in Walt Disney by 3,500.0% during the 1st quarter. Marquette Asset Management LLC now owns 360 shares of the entertainment giant’s stock valued at $35,000 after buying an additional 350 shares in the last quarter. Finally, Horan Securities Inc. purchased a new stake in Walt Disney during the 1st quarter valued at approximately $36,000. Hedge funds and other institutional investors own 62.66% of the company’s stock.
Shares of DIS stock opened at $116.94 on Friday. Walt Disney Co has a fifty-two week low of $79.07 and a fifty-two week high of $153.41. The firm has a market capitalization of $211.22 billion, a price-to-earnings ratio of 39.51, a PEG ratio of 13.50 and a beta of 1.10. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.89 and a current ratio of 0.94. The stock’s 50-day simple moving average is $115.68 and its 200-day simple moving average is $117.27.
Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate 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 last year, the firm earned $1.61 EPS. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. As a group, equities analysts forecast that Walt Disney Co will post 1.38 earnings per share for the current year.
A number of brokerages have issued reports on DIS. Goldman Sachs Group initiated coverage on shares of Walt Disney in a report on Monday, July 13th. They set a “buy” rating and a $137.00 price objective for the company. BMO Capital Markets cut their target price on shares of Walt Disney from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Zacks Investment Research downgraded Walt Disney from a “hold” rating to a “strong sell” rating and set a $124.00 price target for the company. in a research report on Wednesday, June 17th. Needham & Company LLC restated a “hold” rating on shares of Walt Disney in a research report on Friday, June 26th. Finally, 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 report on Tuesday, June 9th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have assigned a buy rating to the stock. Walt Disney presently has a consensus rating of “Hold” and a consensus target price of $125.35.
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.
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