Cambridge Investment Research Advisors Inc. lessened its stake in The Walt Disney Company (NYSE:DIS) by 1.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 252,146 shares of the entertainment giant’s stock after selling 3,913 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in The Walt Disney were worth $27,108,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Avestar Capital LLC purchased a new stake in shares of The Walt Disney during the fourth quarter worth $108,000. Icon Wealth Partners LLC purchased a new stake in shares of The Walt Disney in the fourth quarter valued at about $116,000. Almanack Investment Partners LLC. purchased a new stake in shares of The Walt Disney in the fourth quarter valued at about $118,000. Front Row Advisors LLC purchased a new stake in shares of The Walt Disney in the fourth quarter valued at about $122,000. Finally, Malaga Cove Capital LLC purchased a new stake in shares of The Walt Disney in the third quarter valued at about $140,000. 62.81% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on DIS. Vetr lowered shares of The Walt Disney from a “strong-buy” rating to a “buy” rating and set a $114.86 price objective for the company. in a report on Tuesday, February 13th. Macquarie set a $125.00 price objective on shares of The Walt Disney and gave the company a “buy” rating in a report on Tuesday, February 6th. B. Riley reissued a “hold” rating and issued a $122.00 price objective on shares of The Walt Disney in a report on Monday, January 29th. Zacks Investment Research raised shares of The Walt Disney from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a report on Friday, February 16th. Finally, Loop Capital upped their price objective on shares of The Walt Disney from $106.00 to $108.00 and gave the company a “hold” rating in a report on Wednesday, January 31st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $118.56.
In other news, Director Aylwin B. Lewis sold 1,797 shares of the 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 sale, the director now owns 85,636 shares of the company’s stock, valued at $9,282,086.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is currently owned by corporate insiders.
NYSE DIS opened at $104.34 on Friday. The Walt Disney Company has a 12 month low of $103.16 and a 12 month high of $104.28. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.79 and a current ratio of 0.85. The stock has a market capitalization of $153.40 billion, a price-to-earnings ratio of 18.31, a P/E/G ratio of 1.45 and a beta of 1.29.
The Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, May 8th. The entertainment giant reported $1.84 EPS for the quarter, beating the Zacks’ consensus estimate of $1.70 by $0.14. The company had revenue of $14.55 billion for the quarter, compared to analysts’ expectations of $14.11 billion. The Walt Disney had a net margin of 20.16% and a return on equity of 21.13%. The Walt Disney’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.50 earnings per share. analysts predict that The Walt Disney Company will post 7.05 EPS for the current fiscal year.
The Walt Disney Company Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.
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