Front Row Advisors LLC boosted its stake in shares of Walt Disney Co (NYSE:DIS) by 8.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,551 shares of the entertainment giant’s stock after purchasing an additional 695 shares during the quarter. Front Row Advisors LLC’s holdings in Walt Disney were worth $925,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the business. Carolina Wealth Advisors LLC acquired a new position in shares of Walt Disney during the fourth quarter worth approximately $31,000. Cox Capital Mgt LLC acquired a new position in shares of Walt Disney during the first quarter worth approximately $34,000. TI Trust Inc. acquired a new position in shares of Walt Disney during the fourth quarter worth approximately $39,000. Moser Wealth Advisors LLC acquired a new position in shares of Walt Disney during the fourth quarter worth approximately $43,000. Finally, TD Capital Management LLC acquired a new position in shares of Walt Disney during the first quarter worth approximately $29,000. 63.10% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:DIS opened at $118.02 on Friday. The business’s fifty day moving average price is $104.80 and its two-hundred day moving average price is $127.09. Walt Disney Co has a fifty-two week low of $79.07 and a fifty-two week high of $153.41. The stock has a market capitalization of $212.83 billion, a price-to-earnings ratio of 39.87, a price-to-earnings-growth ratio of 11.04 and a beta of 1.08. 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 (NYSE:DIS) last announced its quarterly earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share 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 company had revenue of $18.01 billion during the quarter, compared to the consensus estimate of $17.49 billion. During the same quarter last year, the company earned $1.61 earnings per share. The business’s revenue was up 20.7% on a year-over-year basis. Research analysts expect that Walt Disney Co will post 2.09 EPS for the current fiscal year.
A number of research analysts have recently commented on the company. 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. Rosenblatt Securities reiterated a “buy” rating and set a $130.00 price target on shares of Walt Disney in a report on Wednesday, May 6th. Argus cut their price target on Walt Disney from $160.00 to $130.00 and set a “buy” rating for the company in a report on Friday, March 13th. Royal Bank of Canada cut their target price on Walt Disney from $110.00 to $108.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. Finally, Guggenheim lowered Walt Disney from a “buy” rating to a “neutral” rating and set a $100.00 target price for the company. in a research note on Thursday, April 2nd. Fourteen analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $126.58.
About Walt Disney
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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