Resources Management Corp CT ADV purchased a new position in Walt Disney Co (NYSE:DIS) during the 3rd quarter, HoldingsChannel reports. The fund purchased 24,102 shares of the entertainment giant’s stock, valued at approximately $3,141,000.
Several other large investors have also bought and sold shares of DIS. Princeton Global Asset Management LLC increased its holdings in shares of Walt Disney by 98.8% in the third quarter. Princeton Global Asset Management LLC now owns 31,046 shares of the entertainment giant’s stock valued at $4,022,000 after purchasing an additional 15,431 shares during the last quarter. Prestige Wealth Management Group LLC grew its holdings in shares of Walt Disney by 18.2% in the third quarter. Prestige Wealth Management Group LLC now owns 5,321 shares of the entertainment giant’s stock valued at $693,000 after purchasing an additional 818 shares during the period. Stamos Capital Partners L.P. grew its holdings in shares of Walt Disney by 23.0% in the third quarter. Stamos Capital Partners L.P. now owns 14,000 shares of the entertainment giant’s stock valued at $1,824,000 after purchasing an additional 2,622 shares during the period. Voloridge Investment Management LLC purchased a new stake in shares of Walt Disney in the third quarter valued at about $70,825,000. Finally, black and white Capital LP increased its position in Walt Disney by 20.4% during the third quarter. black and white Capital LP now owns 325,000 shares of the entertainment giant’s stock worth $42,354,000 after purchasing an additional 55,000 shares during the last quarter. 64.13% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:DIS traded down $0.30 during mid-day trading on Wednesday, reaching $148.28. 6,349,348 shares of the company were exchanged, compared to its average volume of 14,171,952. Walt Disney Co has a 1 year low of $100.35 and a 1 year high of $153.41. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.90 and a quick ratio of 0.84. The firm’s 50-day simple moving average is $139.13 and its 200 day simple moving average is $137.60. The firm has a market cap of $267.26 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 5.68 and a beta of 1.01.
Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.12. Walt Disney had a return on equity of 11.38% and a net margin of 15.89%. The company had revenue of $19.10 billion for the quarter, compared to analyst estimates of $19.02 billion. During the same quarter in the previous year, the company earned $1.48 earnings per share. The firm’s quarterly revenue was up 33.6% compared to the same quarter last year. On average, research analysts forecast that Walt Disney Co will post 5.61 earnings per share for the current fiscal year.
A number of brokerages have commented on DIS. Wells Fargo & Co reduced their target price on shares of Walt Disney from $173.00 to $167.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Walt Disney in a research note on Friday, September 27th. Consumer Edge began coverage on shares of Walt Disney in a report on Monday, November 25th. They set an “overweight” rating and a $175.00 price target for the company. Imperial Capital lifted their price target on shares of Walt Disney from $141.00 to $143.00 in a research report on Wednesday, November 27th. Finally, Credit Suisse Group set a $163.00 price objective on Walt Disney and gave the company a “buy” rating in a report on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $154.31.
In other news, CFO Christine M. Mccarthy sold 4,617 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $139.20, for a total transaction of $642,686.40. Following the sale, the chief financial officer now owns 135,756 shares of the company’s stock, valued at $18,897,235.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brent Woodford sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $152.16, for a total transaction of $608,640.00. Following the completion of the transaction, the executive vice president now directly owns 36,479 shares of the company’s stock, valued at approximately $5,550,644.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,617 shares of company stock valued at $1,847,326. Company insiders own 0.36% of the company’s stock.
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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