Lyell Wealth Management LP Purchases 2,951 Shares of Walt Disney Co (NYSE:DIS)

Lyell Wealth Management LP increased its position in shares of Walt Disney Co (NYSE:DIS) by 5.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 54,222 shares of the entertainment giant’s stock after buying an additional 2,951 shares during the period. Lyell Wealth Management LP’s holdings in Walt Disney were worth $6,046,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DIS. Global Trust Asset Management LLC grew its holdings in Walt Disney by 111.6% in the first quarter. Global Trust Asset Management LLC now owns 4,418 shares of the entertainment giant’s stock worth $441,000 after purchasing an additional 2,330 shares during the period. Foundations Investment Advisors LLC grew its holdings in Walt Disney by 13.8% in the first quarter. Foundations Investment Advisors LLC now owns 2,126 shares of the entertainment giant’s stock worth $202,000 after purchasing an additional 257 shares during the period. Chemung Canal Trust Co. grew its holdings in Walt Disney by 1.9% in the first quarter. Chemung Canal Trust Co. now owns 67,214 shares of the entertainment giant’s stock worth $6,493,000 after purchasing an additional 1,258 shares during the period. Independent Investors Inc. grew its holdings in Walt Disney by 1.5% in the first quarter. Independent Investors Inc. now owns 51,171 shares of the entertainment giant’s stock worth $4,943,000 after purchasing an additional 776 shares during the period. Finally, Triangle Securities Wealth Management grew its holdings in Walt Disney by 1.1% in the first quarter. Triangle Securities Wealth Management now owns 23,735 shares of the entertainment giant’s stock worth $2,293,000 after purchasing an additional 255 shares during the period. Institutional investors and hedge funds own 62.66% of the company’s stock.

DIS has been the subject of a number of analyst reports. Imperial Capital reiterated a “sell” rating and set a $105.00 price objective on shares of Walt Disney in a report on Monday, June 22nd. Deutsche Bank reduced their price objective on shares of Walt Disney from $147.00 to $128.00 and set a “hold” rating for the company in a report on Tuesday, May 19th. Sanford C. Bernstein reduced their price objective on shares of Walt Disney from $100.00 to $96.00 and set a “market perform” rating for the company in a report on Wednesday, May 6th. Cfra reduced their price objective on shares of Walt Disney from $160.00 to $120.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Finally, Macquarie reiterated a “buy” rating and set a $140.00 price objective on shares of Walt Disney in a report on Friday, June 19th. Two equities 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 company. The company presently has an average rating of “Hold” and a consensus price target of $125.35.

Shares of DIS stock opened at $116.94 on Friday. The firm has a market cap of $211.22 billion, a price-to-earnings ratio of 39.51, a P/E/G 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. Walt Disney Co has a 52 week low of $79.07 and a 52 week high of $153.41. The firm’s 50-day simple moving average is $115.68 and its two-hundred day simple moving average is $117.27.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, May 5th. The entertainment giant reported $0.60 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.23). The company 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 posted $1.61 EPS. Analysts forecast that Walt Disney Co will post 1.38 earnings per share for the current year.

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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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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