Vident Investment Advisory LLC acquired a new position in shares of Walt Disney Co (NYSE:DIS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,074 shares of the entertainment giant’s stock, valued at approximately $1,092,000.
Several other hedge funds also recently modified their holdings of DIS. Amalgamated Bank grew its position in Walt Disney by 49.8% in the second quarter. Amalgamated Bank now owns 180,632 shares of the entertainment giant’s stock valued at $19,192,000 after purchasing an additional 60,088 shares in the last quarter. Tdam USA Inc. grew its position in Walt Disney by 4.1% in the second quarter. Tdam USA Inc. now owns 195,498 shares of the entertainment giant’s stock valued at $20,666,000 after purchasing an additional 7,785 shares in the last quarter. Walter & Keenan Financial Consulting Co. MI ADV grew its position in Walt Disney by 7.9% in the second quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 24,719 shares of the entertainment giant’s stock valued at $2,626,000 after purchasing an additional 1,800 shares in the last quarter. Connecticut Wealth Management LLC grew its position in Walt Disney by 1.4% in the second quarter. Connecticut Wealth Management LLC now owns 3,038 shares of the entertainment giant’s stock valued at $315,000 after purchasing an additional 42 shares in the last quarter. Finally, Riverpark Capital Management LLC grew its position in Walt Disney by 15.2% in the second quarter. Riverpark Capital Management LLC now owns 301,225 shares of the entertainment giant’s stock valued at $32,005,000 after purchasing an additional 39,822 shares in the last quarter. 61.12% of the stock is owned by institutional investors.
Shares of Walt Disney Co (NYSE:DIS) opened at $104.12 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.87. The stock has a market cap of $156,560.00, a PE ratio of 17.98, a PEG ratio of 1.80 and a beta of 1.30. Walt Disney Co has a 12 month low of $96.20 and a 12 month high of $116.10.
Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.28. The company had revenue of $15.35 billion during the quarter, compared to analysts’ expectations of $15.47 billion. Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. Walt Disney’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.55 EPS. research analysts forecast that Walt Disney Co will post 6.8 earnings per share for the current year.
A number of research analysts recently weighed in on DIS shares. Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Barclays set a $105.00 target price on shares of Walt Disney and gave the company a “hold” rating in a research report on Tuesday, January 23rd. Edward Jones downgraded shares of Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Wells Fargo & Co reiterated a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a research note on Friday, December 15th. Finally, B. Riley reiterated a “hold” rating and issued a $101.00 price target (up previously from $97.00) on shares of Walt Disney in a research note on Friday, November 10th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Walt Disney has an average rating of “Buy” and an average target price of $118.61.
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About Walt Disney
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.
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