Lowe Brockenbrough & Co. Inc. lifted its holdings in shares of Walt Disney Co (NYSE:DIS) by 39.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 34,560 shares of the entertainment giant’s stock after purchasing an additional 9,835 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in Walt Disney were worth $3,837,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc boosted its holdings in shares of Walt Disney by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 103,729,219 shares of the entertainment giant’s stock worth $12,130,095,000 after acquiring an additional 553,232 shares in the last quarter. QCI Asset Management Inc. NY boosted its holdings in shares of Walt Disney by 0.8% in the 4th quarter. QCI Asset Management Inc. NY now owns 167,610 shares of the entertainment giant’s stock worth $18,378,000 after acquiring an additional 1,271 shares in the last quarter. TRUE Private Wealth Advisors boosted its holdings in shares of Walt Disney by 72.7% in the 4th quarter. TRUE Private Wealth Advisors now owns 19,779 shares of the entertainment giant’s stock worth $2,186,000 after acquiring an additional 8,327 shares in the last quarter. Cardinal Capital Management Inc. boosted its holdings in shares of Walt Disney by 2,264.3% in the 4th quarter. Cardinal Capital Management Inc. now owns 146,350 shares of the entertainment giant’s stock worth $16,047,000 after acquiring an additional 140,160 shares in the last quarter. Finally, Boussard & Gavaudan Investment Management LLP acquired a new position in shares of Walt Disney in the 4th quarter worth approximately $2,986,000. 64.14% of the stock is currently owned by institutional investors.
In other news, EVP Zenia B. Mucha sold 33,000 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $128.88, for a total transaction of $4,253,040.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Brent Woodford sold 2,200 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $138.23, for a total transaction of $304,106.00. The disclosure for this sale can be found here. Insiders sold a total of 45,400 shares of company stock valued at $5,973,980 in the last three months. 0.36% of the stock is owned by company insiders.
Shares of Walt Disney stock opened at $141.65 on Monday. The firm has a market cap of $254.93 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 3.80 and a beta of 0.97. Walt Disney Co has a 52 week low of $100.35 and a 52 week high of $142.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.74.
Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, May 8th. The entertainment giant reported $1.61 EPS for the quarter, beating the consensus estimate of $1.59 by $0.02. Walt Disney had a net margin of 22.55% and a return on equity of 15.67%. The company had revenue of $14.92 billion during the quarter, compared to analysts’ expectations of $14.53 billion. During the same quarter in the previous year, the company posted $1.84 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Walt Disney Co will post 6.63 EPS for the current year.
Several research analysts recently weighed in on DIS shares. JPMorgan Chase & Co. started coverage on shares of Walt Disney in a research report on Friday, April 12th. They issued an “overweight” rating and a $137.00 price objective for the company. BTIG Research upgraded shares of Walt Disney from a “sell” rating to a “neutral” rating in a research report on Monday, April 15th. Imperial Capital boosted their price objective on shares of Walt Disney from $139.00 to $147.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. Cowen upgraded shares of Walt Disney from a “market perform” rating to an “outperform” rating and set a $115.90 price objective for the company in a research report on Tuesday, April 9th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $175.00 target price on shares of Walt Disney in a research report on Monday, May 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have assigned a buy rating to the company. Walt Disney has an average rating of “Buy” and an average target price of $144.99.
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Walt Disney Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
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