Franklin Street Advisors Inc. NC grew its stake in Walt Disney Co (NYSE:DIS) by 2.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 98,381 shares of the entertainment giant’s stock after purchasing an additional 2,589 shares during the period. Walt Disney makes up about 1.6% of Franklin Street Advisors Inc. NC’s holdings, making the stock its 20th largest holding. Franklin Street Advisors Inc. NC’s holdings in Walt Disney were worth $11,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Trilogy Capital Inc. purchased a new position in Walt Disney in the first quarter worth approximately $107,000. CSat Investment Advisory L.P. purchased a new position in Walt Disney in the second quarter worth approximately $112,000. Live Your Vision LLC lifted its stake in Walt Disney by 91.6% during the second quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock worth $113,000 after purchasing an additional 500 shares in the last quarter. BDO Wealth Advisors LLC lifted its stake in Walt Disney by 184.3% during the first quarter. BDO Wealth Advisors LLC now owns 1,140 shares of the entertainment giant’s stock worth $114,000 after purchasing an additional 739 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new position in Walt Disney during the second quarter worth $121,000. Institutional investors and hedge funds own 63.15% of the company’s stock.
In other news, EVP Brent Woodford sold 952 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $111.87, for a total value of $106,500.24. Following the sale, the executive vice president now directly owns 26,698 shares in the company, valued at $2,986,705.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mary Jayne Parker sold 29,192 shares of the stock in a transaction on Wednesday, October 3rd. The shares were sold at an average price of $117.99, for a total value of $3,444,364.08. Following the completion of the sale, the executive vice president now owns 29,199 shares in the company, valued at $3,445,190.01. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,105 shares of company stock worth $3,663,359. Insiders own 0.38% of the company’s stock.
Shares of NYSE DIS opened at $116.71 on Wednesday. The firm has a market capitalization of $171.30 billion, a PE ratio of 20.48, a P/E/G ratio of 1.45 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.88. Walt Disney Co has a 12-month low of $97.68 and a 12-month high of $119.69.
Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.10). The company had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.49 billion. Walt Disney had a net margin of 20.76% and a return on equity of 21.37%. During the same quarter in the previous year, the business posted $1.58 earnings per share. As a group, analysts anticipate that Walt Disney Co will post 6.92 earnings per share for the current year.
A number of research analysts have commented on the company. ValuEngine upgraded Walt Disney from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. B. Riley decreased their price target on Walt Disney from $123.00 to $121.00 and set a “buy” rating on the stock in a research note on Wednesday, August 8th. Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $104.00 to $130.00 in a research note on Friday, October 19th. Finally, Bank of America set a $144.00 price target on Walt Disney and gave the stock a “buy” rating in a research note on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $120.99.
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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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