First Dallas Securities Inc. acquired a new position in shares of The Walt Disney Company (NYSE:DIS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,055 shares of the entertainment giant’s stock, valued at approximately $999,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of DIS. Winning Points Advisors LLC grew its holdings in shares of The Walt Disney by 2.1% during the second quarter. Winning Points Advisors LLC now owns 4,052 shares of the entertainment giant’s stock valued at $452,000 after buying an additional 85 shares during the last quarter. RB Capital Management LLC grew its holdings in The Walt Disney by 0.3% in the second quarter. RB Capital Management LLC now owns 27,243 shares of the entertainment giant’s stock valued at $3,038,000 after purchasing an additional 86 shares during the period. Horan Capital Advisors LLC. grew its stake in The Walt Disney by 0.6% in the 2nd quarter. Horan Capital Advisors LLC. now owns 17,282 shares of the entertainment giant’s stock valued at $1,927,000 after acquiring an additional 95 shares during the period. Ellis Investment Partners LLC grew its position in shares of The Walt Disney by 1.9% in the second quarter. Ellis Investment Partners LLC now owns 5,290 shares of the entertainment giant’s stock valued at $597,000 after purchasing an additional 100 shares during the period. Finally, Botty Investors LLC raised its position in shares of The Walt Disney by 2.2% during the 2nd quarter. Botty Investors LLC now owns 4,675 shares of the entertainment giant’s stock worth $521,000 after purchasing an additional 100 shares during the last quarter. 62.72% of the stock is owned by institutional investors.
NYSE DIS opened at $126.81 on Friday. The Walt Disney Company has a 12 month low of $79.07 and a 12 month high of $153.41. The company has a market capitalization of $229.15 billion, a price-to-earnings ratio of -204.53, a price-to-earnings-growth ratio of 6.23 and a beta of 1.09. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 1.29. The firm’s fifty day moving average price is $128.38 and its 200 day moving average price is $117.94.
The Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, August 4th. The entertainment giant reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.72. The firm had revenue of $11.80 billion during the quarter, compared to analysts’ expectations of $12.48 billion. The Walt Disney had a positive return on equity of 6.58% and a negative net margin of 1.58%. The business’s revenue was down 41.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.35 EPS. As a group, sell-side analysts forecast that The Walt Disney Company will post 1.59 earnings per share for the current year.
In other The Walt Disney news, EVP Brent Woodford sold 2,000 shares of the company’s stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $130.95, for a total transaction of $261,900.00. Following the completion of the transaction, the executive vice president now owns 36,620 shares in the company, valued at approximately $4,795,389. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.31% of the company’s stock.
DIS has been the subject of a number of research analyst reports. Cowen cut The Walt Disney from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $101.00 to $97.00 in a report on Thursday, July 16th. Citigroup increased their price objective on shares of The Walt Disney from $135.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Wells Fargo & Company boosted their target price on The Walt Disney from $120.00 to $136.00 and gave the stock an “equal weight” rating in a report on Friday, August 14th. Loop Capital upgraded The Walt Disney from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a report on Tuesday, October 13th. Finally, Credit Suisse Group upgraded The Walt Disney from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $116.00 to $146.00 in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have given a buy rating to the company’s stock. The Walt Disney presently has an average rating of “Buy” and a consensus price target of $134.70.
The Walt Disney Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight owned domestic television stations.
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