Welch & Forbes LLC Buys 1,399 Shares of Walt Disney Company (The) (DIS)

Welch & Forbes LLC grew its holdings in Walt Disney Company (The) (NYSE:DIS) by 2.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 71,399 shares of the entertainment giant’s stock after buying an additional 1,399 shares during the quarter. Welch & Forbes LLC’s holdings in Walt Disney Company (The) were worth $7,586,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in DIS. Loeb Partners Corp increased its position in shares of Walt Disney Company (The) by 27.6% during the 1st quarter. Loeb Partners Corp now owns 23,100 shares of the entertainment giant’s stock worth $2,619,000 after purchasing an additional 5,000 shares in the last quarter. CAPROCK Group Inc. increased its position in shares of Walt Disney Company (The) by 1.7% during the 1st quarter. CAPROCK Group Inc. now owns 20,126 shares of the entertainment giant’s stock worth $2,282,000 after purchasing an additional 343 shares in the last quarter. Nationwide Fund Advisors increased its position in shares of Walt Disney Company (The) by 9.3% during the 1st quarter. Nationwide Fund Advisors now owns 854,884 shares of the entertainment giant’s stock worth $96,935,000 after purchasing an additional 72,429 shares in the last quarter. Concorde Asset Management LLC grew its holdings in Walt Disney Company (The) by 43.3% during the 1st quarter. Concorde Asset Management LLC now owns 2,902 shares of the entertainment giant’s stock worth $328,000 after acquiring an additional 877 shares during the last quarter. Finally, Culbertson A N & Co. Inc. grew its holdings in Walt Disney Company (The) by 10.1% during the 1st quarter. Culbertson A N & Co. Inc. now owns 24,744 shares of the entertainment giant’s stock worth $2,806,000 after acquiring an additional 2,274 shares during the last quarter. Institutional investors own 61.38% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Welch & Forbes LLC Buys 1,399 Shares of Walt Disney Company (The) (DIS)” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another website, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2017/10/28/welch-forbes-llc-has-7-59-million-stake-in-walt-disney-company-the-dis.html.

In other Walt Disney Company (The) news, Director Maria Elena Lagomasino purchased 976 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was purchased at an average price of $102.34 per share, for a total transaction of $99,883.84. Following the completion of the purchase, the director now directly owns 7,513 shares of the company’s stock, valued at $768,880.42. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.38% of the stock is owned by insiders.

A number of equities research analysts have commented on the stock. Vetr lowered shares of Walt Disney Company (The) from a “strong-buy” rating to a “buy” rating and set a $110.51 price objective on the stock. in a report on Thursday, October 19th. Barclays PLC decreased their price objective on shares of Walt Disney Company (The) from $98.00 to $94.00 and set an “equal weight” rating on the stock in a report on Friday, October 13th. Guggenheim lowered shares of Walt Disney Company (The) from a “buy” rating to a “neutral” rating in a report on Thursday, October 12th. Royal Bank Of Canada raised shares of Walt Disney Company (The) from an “outperform” rating to a “top pick” rating and decreased their price objective for the stock from $130.00 to $125.00 in a report on Monday, October 9th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $103.00 price objective (down previously from $110.00) on shares of Walt Disney Company (The) in a report on Friday, October 6th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $113.85.

Walt Disney Company (NYSE:DIS) opened at 98.31 on Friday. The company has a 50-day moving average price of $98.74 and a 200-day moving average price of $105.00. Walt Disney Company has a 1-year low of $91.66 and a 1-year high of $116.10. The firm has a market cap of $151.74 billion, a P/E ratio of 17.44 and a beta of 1.40.

Walt Disney Company (The) (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. The firm had revenue of $14.24 billion during the quarter, compared to analysts’ expectations of $14.44 billion. During the same quarter in the previous year, the business earned $1.62 earnings per share. The company’s revenue was down .3% on a year-over-year basis. On average, equities research analysts forecast that Walt Disney Company will post $5.78 EPS for the current fiscal year.

About Walt Disney Company (The)

The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.

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

Receive News & Ratings for Walt Disney Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply