HCR Wealth Advisors grew its holdings in shares of Walt Disney Co (NYSE:DIS) by 19.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,062 shares of the entertainment giant’s stock after acquiring an additional 6,054 shares during the period. Walt Disney comprises approximately 1.0% of HCR Wealth Advisors’ holdings, making the stock its 16th largest position. HCR Wealth Advisors’ holdings in Walt Disney were worth $3,580,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. TD Capital Management LLC bought a new stake in shares of Walt Disney during the 1st quarter valued at $29,000. Carolina Wealth Advisors LLC bought a new stake in shares of Walt Disney during the 4th quarter valued at $31,000. Cox Capital Mgt LLC bought a new stake in shares of Walt Disney during the 1st quarter valued at $34,000. Marquette Asset Management LLC grew its position in shares of Walt Disney by 3,500.0% during the 1st quarter. Marquette Asset Management LLC now owns 360 shares of the entertainment giant’s stock valued at $35,000 after acquiring an additional 350 shares during the period. Finally, Horan Securities Inc. bought a new stake in shares of Walt Disney during the 1st quarter valued at $36,000. 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 firm’s 50-day moving average price is $104.80 and its 200-day moving average price is $127.09. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $212.83 billion, a price-to-earnings ratio of 39.87, a P/E/G ratio of 11.04 and a beta of 1.08. Walt Disney Co has a 12-month low of $79.07 and a 12-month high of $153.41.
Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.23). The business had revenue of $18.01 billion for the quarter, compared to analysts’ expectations of $17.49 billion. Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.61 earnings per share. On average, equities analysts predict that Walt Disney Co will post 2.09 EPS for the current fiscal year.
Several brokerages recently weighed in on DIS. Cowen upped their target price on shares of Walt Disney from $154.00 to $159.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Argus dropped their target price on shares of Walt Disney from $160.00 to $130.00 and set a “buy” rating for the company in a report on Friday, March 13th. BMO Capital Markets dropped their target price on shares of Walt Disney from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Sanford C. Bernstein dropped their target price on shares of Walt Disney from $100.00 to $96.00 and set a “market perform” rating for the company in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Walt Disney in a report on Friday, May 8th. Fourteen analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target 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.
Further Reading: Diluted Earnings Per Share
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