Steward Partners Investment Advisory LLC increased its position in shares of Walt Disney Co (NYSE:DIS) by 90.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,054 shares of the entertainment giant’s stock after acquiring an additional 28,986 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Walt Disney were worth $6,563,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Legacy Advisors LLC acquired a new stake in shares of Walt Disney in the 3rd quarter worth approximately $137,000. Malaga Cove Capital LLC acquired a new position in Walt Disney in the 3rd quarter valued at approximately $140,000. Wealthcare Advisory Partners LLC bought a new stake in Walt Disney in the third quarter worth approximately $142,000. Krilogy Financial LLC boosted its holdings in shares of Walt Disney by 13.2% during the 2nd quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock worth $151,000 after buying an additional 166 shares during the period. Finally, IHT Wealth Management LLC boosted its holdings in shares of Walt Disney by 34.3% during the 2nd quarter. IHT Wealth Management LLC now owns 15,377 shares of the entertainment giant’s stock worth $152,000 after buying an additional 3,923 shares during the period. Hedge funds and other institutional investors own 62.63% of the company’s stock.
In other news, Director Aylwin B. Lewis sold 1,797 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $108.39, for a total value of $194,776.83. Following the completion of the transaction, the director now owns 85,636 shares of the company’s stock, valued at $9,282,086.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.38% of the company’s stock.
A number of brokerages have commented on DIS. Rosenblatt Securities raised shares of Walt Disney from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $115.00 to $130.00 in a report on Wednesday, January 3rd. Vetr downgraded shares of Walt Disney from a “buy” rating to a “hold” rating and set a $113.39 target price on the stock. in a report on Wednesday, January 3rd. Royal Bank of Canada raised their target price on shares of Walt Disney to $135.00 and gave the stock a “top pick” rating in a report on Wednesday, January 3rd. B. Riley restated a “hold” rating and set a $122.00 target price on shares of Walt Disney in a report on Monday, January 29th. Finally, Zacks Investment Research cut shares of Walt Disney from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $118.59.
Walt Disney Co (NYSE:DIS) traded up $0.17 during trading on Wednesday, reaching $103.90. The company’s stock had a trading volume of 6,182,104 shares, compared to its average volume of 8,328,732. 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 Co has a twelve month low of $96.20 and a twelve month high of $116.10. The company has a market capitalization of $156,610.00, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 1.79 and a beta of 1.30.
Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.28. The firm had revenue of $15.35 billion for the quarter, compared to the consensus estimate of $15.47 billion. Walt Disney had a return on equity of 20.44% and a net margin of 19.61%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.55 earnings per share. equities analysts expect that Walt Disney Co will post 6.95 EPS for the current fiscal year.
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About Walt Disney
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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