ICICI Prudential Asset Management Co Ltd grew its position in Walt Disney Co (NYSE:DIS) by 11.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,000 shares of the entertainment giant’s stock after purchasing an additional 500 shares during the quarter. Walt Disney makes up 2.3% of ICICI Prudential Asset Management Co Ltd’s investment portfolio, making the stock its 12th largest position. ICICI Prudential Asset Management Co Ltd’s holdings in Walt Disney were worth $493,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Legacy Advisors LLC purchased a new position in shares of Walt Disney in the 3rd quarter valued at $137,000. Malaga Cove Capital LLC purchased a new position in shares of Walt Disney in the 3rd quarter valued at $140,000. Wealthcare Advisory Partners LLC purchased a new position in shares of Walt Disney in the 3rd quarter valued at $142,000. Krilogy Financial LLC grew its position in shares of Walt Disney by 13.2% in the 2nd quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock valued at $151,000 after buying an additional 166 shares during the last quarter. Finally, IHT Wealth Management LLC grew its position in shares of Walt Disney by 34.3% in the 2nd quarter. IHT Wealth Management LLC now owns 15,377 shares of the entertainment giant’s stock valued at $152,000 after buying an additional 3,923 shares during the last quarter. Institutional investors and hedge funds own 61.12% of the company’s stock.
Shares of Walt Disney Co (DIS) opened at $106.53 on Friday. Walt Disney Co has a 52 week low of $96.20 and a 52 week high of $116.10. The company has a market cap of $160,186.61, a price-to-earnings ratio of 17.64, a PEG ratio of 1.82 and a beta of 1.30. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 0.43.
Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.28. Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. The firm had revenue of $15.35 billion during the quarter, compared to analysts’ expectations of $15.47 billion. During the same quarter last year, the business earned $1.55 earnings per share. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. equities research analysts expect that Walt Disney Co will post 6.95 earnings per share for the current fiscal year.
A number of research analysts recently commented on DIS shares. Jefferies Group reaffirmed a “hold” rating and issued a $112.00 target price on shares of Walt Disney in a research report on Wednesday, February 7th. Pivotal Research raised their price objective on shares of Walt Disney from $83.00 to $91.00 and gave the stock a “sell” rating in a research report on Thursday, December 14th. B. Riley raised their price objective on shares of Walt Disney from $122.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Morgan Stanley lowered their price objective on shares of Walt Disney from $130.00 to $120.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 31st. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $120.00 price objective on shares of Walt Disney in a research report on Wednesday, November 22nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Walt Disney presently has an average rating of “Buy” and a consensus price target of $118.59.
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Walt Disney Company Profile
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
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