Focused Wealth Management Inc reduced its stake in Walt Disney Co (NYSE:DIS) by 6.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,039 shares of the entertainment giant’s stock after selling 217 shares during the period. Focused Wealth Management Inc’s holdings in Walt Disney were worth $396,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Centerpoint Advisors LLC increased its holdings in shares of Walt Disney by 276.5% in the second quarter. Centerpoint Advisors LLC now owns 192 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 141 shares during the last quarter. JJJ Advisors Inc. increased its holdings in shares of Walt Disney by 96.8% in the third quarter. JJJ Advisors Inc. now owns 244 shares of the entertainment giant’s stock valued at $32,000 after purchasing an additional 120 shares during the last quarter. Garrett Wealth Advisory Group LLC acquired a new position in shares of Walt Disney in the third quarter valued at $36,000. SRS Capital Advisors Inc. acquired a new position in shares of Walt Disney in the second quarter valued at $39,000. Finally, MRA Associates USA LLC bought a new stake in shares of Walt Disney in the second quarter valued at about $53,000. Hedge funds and other institutional investors own 68.47% of the company’s stock.
DIS traded up $1.84 on Tuesday, hitting $138.58. 15,548,166 shares of the stock were exchanged, compared to its average volume of 10,143,022. Walt Disney Co has a 12 month low of $100.35 and a 12 month high of $147.15. The business has a 50-day moving average of $131.23 and a two-hundred day moving average of $136.18. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.89 and a quick ratio of 0.84. The firm has a market capitalization of $249.64 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 4.70 and a beta of 0.96.
Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.12. Walt Disney had a net margin of 15.89% and a return on equity of 11.38%. The business had revenue of $19.10 billion during the quarter, compared to analysts’ expectations of $19.02 billion. During the same quarter in the prior year, the business posted $1.48 earnings per share. Walt Disney’s revenue was up 33.6% compared to the same quarter last year. Equities research analysts expect that Walt Disney Co will post 5.83 earnings per share for the current fiscal year.
A number of equities research analysts have recently issued reports on the stock. Evercore ISI reissued a “buy” rating and issued a $155.00 target price on shares of Walt Disney in a research report on Monday. Credit Suisse Group reissued a “buy” rating and issued a $150.00 target price on shares of Walt Disney in a research report on Thursday, August 8th. Moffett Nathanson set a $150.00 target price on shares of Walt Disney and gave the company a “buy” rating in a research report on Wednesday, August 7th. Imperial Capital boosted their target price on shares of Walt Disney from $139.00 to $141.00 and gave the company an “in-line” rating in a research report on Monday. Finally, Morgan Stanley set a $160.00 target price on shares of Walt Disney and gave the company a “buy” rating in a research report on Friday, August 2nd. Six investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $152.05.
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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