Vident Investment Advisory LLC increased its position in Walt Disney Co (NYSE:DIS) by 13.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,636 shares of the entertainment giant’s stock after acquiring an additional 1,506 shares during the period. Vident Investment Advisory LLC’s holdings in Walt Disney were worth $1,409,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of DIS. TD Capital Management LLC bought a new stake in Walt Disney during the 1st quarter valued at approximately $29,000. Carolina Wealth Advisors LLC raised its position in shares of 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 buying an additional 114 shares during the last quarter. Sofos Investments Inc. raised its position in shares of Walt Disney by 238.5% during the first quarter. Sofos Investments Inc. now owns 1,300 shares of the entertainment giant’s stock valued at $33,000 after buying an additional 916 shares during the last quarter. Marquette Asset Management LLC lifted its holdings in shares of Walt Disney by 3,500.0% in the first quarter. Marquette Asset Management LLC now owns 360 shares of the entertainment giant’s stock worth $35,000 after buying an additional 350 shares in the last quarter. Finally, Horan Securities Inc. bought a new position in shares of Walt Disney during the first quarter worth $36,000. Institutional investors own 62.66% of the company’s stock.
DIS has been the topic of several research analyst reports. Morgan Stanley boosted their price target on shares of Walt Disney from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. UBS Group reaffirmed a “hold” rating and issued a $126.00 target price on shares of Walt Disney in a report on Thursday, June 25th. Wells Fargo & Co increased their price target on Walt Disney from $107.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, June 19th. Citigroup cut their price target on Walt Disney from $161.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Finally, Moffett Nathanson cut Walt Disney from a “buy” rating to a “neutral” rating and set a $112.00 price objective on the stock. in a report on Monday, May 4th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $125.35.
Shares of Walt Disney stock opened at $116.94 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 0.45. The stock’s fifty day moving average price is $115.68 and its 200-day moving average price is $117.27. The firm has a market cap of $211.22 billion, a P/E ratio of 25.70, a P/E/G ratio of 13.50 and a beta of 1.10. Walt Disney Co has a 12 month low of $79.07 and a 12 month high of $153.41.
Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.23). Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The business had revenue of $18.01 billion for the quarter, compared to analysts’ expectations of $17.49 billion. During the same period last year, the business posted $1.61 EPS. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. Analysts forecast that Walt Disney Co will post 1.38 earnings per share for the current 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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