Intact Investment Management Inc. lowered its stake in shares of Walt Disney Co (NYSE:DIS) by 10.3% in the second quarter, Holdings Channel.com reports. The firm owned 7,000 shares of the entertainment giant’s stock after selling 800 shares during the period. Intact Investment Management Inc.’s holdings in Walt Disney were worth $780,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. TD Capital Management LLC purchased a new stake in Walt Disney in the first quarter worth approximately $29,000. Carolina Wealth Advisors LLC grew its stake in Walt Disney by 53.3% during the first quarter. Carolina Wealth Advisors LLC now owns 328 shares of the entertainment giant’s stock valued at $32,000 after acquiring an additional 114 shares in the last quarter. Marquette Asset Management LLC grew its stake in Walt Disney by 3,500.0% during the first quarter. Marquette Asset Management LLC now owns 360 shares of the entertainment giant’s stock valued at $35,000 after acquiring an additional 350 shares in the last quarter. Horan Securities Inc. purchased a new position in shares of Walt Disney in the 1st quarter worth $36,000. Finally, Selective Wealth Management Inc. grew its stake in shares of Walt Disney by 50.6% in the 2nd quarter. Selective Wealth Management Inc. now owns 372 shares of the entertainment giant’s stock worth $42,000 after buying an additional 125 shares in the last quarter. Institutional investors and hedge funds own 62.66% of the company’s stock.
DIS opened at $116.94 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.94 and a quick ratio of 0.89. The firm has a fifty day moving average price of $115.68 and a 200 day moving average price of $117.27. Walt Disney Co has a 1 year low of $79.07 and a 1 year high of $153.41. The stock has a market cap of $208.91 billion, a P/E ratio of 25.42, a P/E/G ratio of 13.36 and a beta of 1.10.
Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.23). Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The firm had revenue of $18.01 billion during the quarter, compared to analyst estimates of $17.49 billion. During the same quarter in the prior year, the firm earned $1.61 earnings per share. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. Equities analysts expect that Walt Disney Co will post 1.38 EPS for the current year.
DIS has been the subject of a number of recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 price target on shares of Walt Disney in a research note on Wednesday, May 6th. Sanford C. Bernstein reduced their price target on shares of Walt Disney from $100.00 to $96.00 and set a “market perform” rating for the company in a report on Wednesday, May 6th. Moffett Nathanson lowered shares of Walt Disney from a “buy” rating to a “neutral” rating and set a $112.00 price objective for the company. in a research note on Monday, May 4th. Imperial Capital reiterated a “sell” rating and set a $105.00 price objective on shares of Walt Disney in a research note on Monday, June 22nd. Finally, Goldman Sachs Group started coverage on shares of Walt Disney in a research note on Monday, July 13th. They set a “buy” rating and a $137.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have assigned a buy rating to the company. Walt Disney currently has a consensus rating of “Hold” and a consensus price target of $125.35.
About Walt Disney
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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