AGF Investments LLC lessened its position in Walt Disney Co (NYSE:DIS) by 23.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,554 shares of the entertainment giant’s stock after selling 7,039 shares during the quarter. AGF Investments LLC’s holdings in Walt Disney were worth $2,275,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DIS. Norges Bank bought a new position in Walt Disney in the fourth quarter valued at $2,572,048,000. Fisher Asset Management LLC increased its stake in Walt Disney by 5,464.7% in the first quarter. Fisher Asset Management LLC now owns 4,504,570 shares of the entertainment giant’s stock valued at $435,141,000 after acquiring an additional 4,423,621 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Walt Disney by 782.9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,724,769 shares of the entertainment giant’s stock valued at $391,758,000 after acquiring an additional 2,416,143 shares during the last quarter. M&G Investment Management Ltd. bought a new position in Walt Disney in the fourth quarter valued at $194,314,000. Finally, Swiss National Bank increased its stake in Walt Disney by 23.1% in the first quarter. Swiss National Bank now owns 6,995,071 shares of the entertainment giant’s stock valued at $675,724,000 after acquiring an additional 1,314,800 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on the company. Royal Bank of Canada reduced their price objective on Walt Disney from $110.00 to $108.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Cowen raised their price objective on Walt Disney from $154.00 to $159.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Wells Fargo & Co cut Walt Disney from an “overweight” rating to an “equal weight” rating in a research note on Sunday, April 19th. Loop Capital cut Walt Disney from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a research note on Tuesday. Finally, Sanford C. Bernstein reduced their price objective on Walt Disney from $100.00 to $96.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 6th. Fourteen equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Walt Disney currently has a consensus rating of “Hold” and an average target price of $126.58.
Shares of DIS opened at $118.02 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. Walt Disney Co has a one year low of $79.07 and a one year high of $153.41. The company has a 50-day simple moving average of $104.80 and a two-hundred day simple moving average of $127.09. The firm has a market capitalization of $212.83 billion, a PE ratio of 39.87, a price-to-earnings-growth ratio of 11.04 and a beta of 1.08.
Walt Disney (NYSE:DIS) last released its 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 business had revenue of $18.01 billion for the quarter, compared to analysts’ expectations of $17.49 billion. During the same quarter in the previous year, the business posted $1.61 earnings per share. Walt Disney’s revenue for the quarter was up 20.7% on a year-over-year basis. Analysts expect that Walt Disney Co will post 2.09 EPS for the current fiscal 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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