AE Wealth Management LLC lessened its holdings in Walt Disney Co (NYSE:DIS) by 32.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,289 shares of the entertainment giant’s stock after selling 4,493 shares during the period. AE Wealth Management LLC’s holdings in Walt Disney were worth $999,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Front Row Advisors LLC purchased a new stake in Walt Disney during the 4th quarter worth $122,000. Legacy Advisors LLC acquired a new position in Walt Disney during the 3rd quarter worth $137,000. Malaga Cove Capital LLC acquired a new position in Walt Disney during the 3rd quarter worth $140,000. Wealthcare Advisory Partners LLC acquired a new position in Walt Disney during the 3rd quarter worth $142,000. Finally, Cerebellum GP LLC acquired a new position in Walt Disney during the 4th quarter worth $142,000. 62.63% of the stock is currently owned by institutional investors and hedge funds.
Walt Disney stock opened at $100.35 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. The stock has a market cap of $150,893.89, a price-to-earnings ratio of 17.61, a PEG ratio of 1.71 and a beta of 1.30. Walt Disney Co has a 52-week low of $96.20 and a 52-week 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, beating analysts’ consensus estimates of $1.61 by $0.28. The firm had revenue of $15.35 billion during the quarter, compared to analyst estimates of $15.47 billion. Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. Walt Disney’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.55 EPS. equities analysts forecast that Walt Disney Co will post 6.95 EPS for the current fiscal year.
Several research analysts have weighed in on the stock. Vetr lowered shares of Walt Disney from a “buy” rating to a “hold” rating and set a $113.39 price objective for the company. in a report on Wednesday, January 3rd. Rosenblatt Securities raised shares of Walt Disney from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $115.00 to $130.00 in a report on Wednesday, January 3rd. Royal Bank of Canada raised their price objective on shares of Walt Disney to $135.00 and gave the stock a “top pick” rating in a report on Wednesday, January 3rd. B. Riley reissued a “hold” rating and set a $122.00 price objective on shares of Walt Disney in a report on Monday, January 29th. Finally, Zacks Investment Research lowered shares of Walt Disney from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $118.82.
In other Walt Disney news, Director Aylwin B. Lewis sold 1,797 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $108.39, for a total transaction of $194,776.83. Following the completion of the transaction, the director now directly owns 85,636 shares of the company’s stock, valued at approximately $9,282,086.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.38% of the company’s stock.
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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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