AGF Investments Inc. raised its holdings in Walt Disney Co (NYSE:DIS) by 44.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 280,320 shares of the entertainment giant’s stock after buying an additional 85,962 shares during the quarter. AGF Investments Inc.’s holdings in Walt Disney were worth $27,080,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Landscape Capital Management L.L.C. bought a new stake in shares of Walt Disney in the 4th quarter worth approximately $1,297,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Walt Disney by 14.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 496,070 shares of the entertainment giant’s stock valued at $71,747,000 after purchasing an additional 63,786 shares during the period. Brighton Jones LLC lifted its stake in shares of Walt Disney by 6.7% in the 4th quarter. Brighton Jones LLC now owns 18,451 shares of the entertainment giant’s stock valued at $2,669,000 after purchasing an additional 1,165 shares during the period. Exchange Traded Concepts LLC purchased a new position in shares of Walt Disney in the 1st quarter valued at approximately $507,000. Finally, Augustine Asset Management Inc. raised its stake in Walt Disney by 3.4% during the fourth quarter. Augustine Asset Management Inc. now owns 2,883 shares of the entertainment giant’s stock valued at $417,000 after buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.
DIS has been the subject of a number of research analyst reports. Argus reduced their target price on Walt Disney from $160.00 to $130.00 and set a “buy” rating for the company in a report on Friday, March 13th. Deutsche Bank reduced their target price on Walt Disney from $147.00 to $128.00 and set a “hold” rating for the company in a report on Tuesday. Loop Capital lowered Walt Disney from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a report on Tuesday. Bank of America reissued a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a report on Wednesday, February 26th. Finally, Cfra reduced their target price on Walt Disney from $160.00 to $120.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Fourteen analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Walt Disney presently has a consensus rating of “Hold” and a consensus price target of $126.58.
NYSE:DIS opened at $118.02 on Friday. The stock has a 50-day simple moving average of $104.80 and a two-hundred day simple moving average of $127.09. Walt Disney Co has a 52-week low of $79.07 and a 52-week high of $153.41. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.89 and a current ratio of 0.94. The firm has a market capitalization of $212.83 billion, a PE ratio of 39.87, a P/E/G ratio of 11.04 and a beta of 1.08.
Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $18.01 billion for the quarter, compared to the consensus estimate of $17.49 billion. During the same period in the prior year, the firm posted $1.61 EPS. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. Equities analysts forecast that Walt Disney Co will post 2.09 earnings per share for the current fiscal year.
Walt Disney Company 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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