Lucas Capital Management purchased a new position in shares of Walt Disney Co (NYSE:DIS) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 2,049 shares of the entertainment giant’s stock, valued at approximately $220,000.
Several other hedge funds have also modified their holdings of DIS. Lee Financial Group Hawaii Inc. bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $2,440,000. Braun Stacey Associates Inc. increased its position in shares of Walt Disney by 3.8% during the fourth quarter. Braun Stacey Associates Inc. now owns 142,693 shares of the entertainment giant’s stock valued at $15,341,000 after purchasing an additional 5,225 shares during the period. FineMark National Bank & Trust increased its position in shares of Walt Disney by 5.7% during the fourth quarter. FineMark National Bank & Trust now owns 41,398 shares of the entertainment giant’s stock valued at $4,451,000 after purchasing an additional 2,217 shares during the period. Hall Laurie J Trustee increased its position in shares of Walt Disney by 6.5% during the fourth quarter. Hall Laurie J Trustee now owns 17,760 shares of the entertainment giant’s stock valued at $1,909,000 after purchasing an additional 1,090 shares during the period. Finally, Huber Financial Advisors LLC bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $233,000. Institutional investors own 62.56% of the company’s stock.
Walt Disney stock opened at $101.82 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.80. The company has a market capitalization of $152,397.56, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 1.73 and a beta of 1.30. Walt Disney Co has a one year low of $96.20 and a one year high of $116.10.
Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.28. The company had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.47 billion. Walt Disney had a return on equity of 20.44% and a net margin of 19.61%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.55 earnings per share. sell-side analysts expect that Walt Disney Co will post 6.95 EPS for the current year.
In other news, Director Aylwin B. Lewis sold 1,797 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $108.39, for a total transaction of $194,776.83. Following the transaction, the director now owns 85,636 shares of the company’s stock, valued at $9,282,086.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.38% of the stock is currently owned by insiders.
A number of analysts have recently issued reports on DIS shares. BMO Capital Markets restated a “sell” rating and set a $90.00 price objective on shares of Walt Disney in a research report on Wednesday, November 22nd. Piper Jaffray Companies restated a “buy” rating and set a $120.00 price objective on shares of Walt Disney in a research report on Wednesday, November 22nd. Vetr cut Walt Disney from a “buy” rating to a “hold” rating and set a $107.36 price objective on the stock. in a research report on Wednesday, November 29th. Rosenblatt Securities restated a “hold” rating and set a $115.00 price objective on shares of Walt Disney in a research report on Monday, December 4th. Finally, Loop Capital reiterated a “buy” rating and issued a $106.00 price target on shares of Walt Disney in a research report on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $118.95.
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Walt Disney Profile
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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