Moneta Group Investment Advisors LLC boosted its position in shares of Walt Disney Co (NYSE:DIS) by 5.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 8,116 shares of the entertainment giant’s stock after purchasing an additional 415 shares during the quarter. Moneta Group Investment Advisors LLC’s holdings in Walt Disney were worth $1,129,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in DIS. Buckingham Capital Management Inc. raised its stake in Walt Disney by 0.5% in the fourth quarter. Buckingham Capital Management Inc. now owns 60,000 shares of the entertainment giant’s stock worth $6,579,000 after buying an additional 305 shares in the last quarter. Portfolio Solutions LLC bought a new position in Walt Disney during the 4th quarter valued at about $43,000. Summit Global Investments lifted its stake in Walt Disney by 29.2% during the 4th quarter. Summit Global Investments now owns 27,431 shares of the entertainment giant’s stock valued at $3,008,000 after acquiring an additional 6,197 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Walt Disney by 7.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 859,992 shares of the entertainment giant’s stock valued at $94,272,000 after acquiring an additional 58,680 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its stake in shares of Walt Disney by 17.2% in the fourth quarter. Westfield Capital Management Co. LP now owns 879,568 shares of the entertainment giant’s stock worth $96,445,000 after acquiring an additional 128,894 shares during the period. Institutional investors and hedge funds own 68.75% of the company’s stock.
In other Walt Disney news, EVP Brent Woodford sold 2,000 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $144.25, for a total value of $288,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Zenia B. Mucha sold 49,561 shares of Walt Disney stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of $140.00, for a total value of $6,938,540.00. The disclosure for this sale can be found here. In the last three months, insiders sold 154,423 shares of company stock valued at $21,761,755. 0.36% of the stock is owned by insiders.
A number of brokerages recently weighed in on DIS. Citigroup restated a “buy” rating and set a $160.00 price objective (up previously from $132.00) on shares of Walt Disney in a research report on Thursday, June 6th. Credit Suisse Group reiterated a “buy” rating and set a $150.00 target price on shares of Walt Disney in a research note on Thursday, August 8th. Morgan Stanley set a $160.00 price target on Walt Disney and gave the company a “buy” rating in a report on Friday, August 2nd. Loop Capital raised their price target on Walt Disney to $165.00 and gave the stock a “buy” rating in a research note on Friday, June 14th. Finally, Zacks Investment Research raised Walt Disney from a “strong sell” rating to a “hold” rating and set a $120.00 price objective for the company in a report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $148.22.
Shares of DIS traded down $0.15 during midday trading on Wednesday, hitting $135.64. The stock had a trading volume of 547,844 shares, compared to its average volume of 6,751,570. Walt Disney Co has a 1 year low of $100.35 and a 1 year high of $147.15. The firm has a market cap of $250.09 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 4.59 and a beta of 0.97. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.70 and a quick ratio of 0.67. The stock’s 50 day moving average is $138.24 and its 200 day moving average is $131.53.
Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.41). The firm had revenue of $20.25 billion for the quarter, compared to analysts’ expectations of $21.40 billion. Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. Walt Disney’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.87 earnings per share. As a group, equities research analysts expect that Walt Disney Co will post 6 earnings per share for the current fiscal year.
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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