Quadrant Private Wealth Management LLC raised its stake in shares of Walt Disney Co (NYSE:DIS) by 139.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,798 shares of the entertainment giant’s stock after purchasing an additional 10,932 shares during the quarter. Walt Disney accounts for 1.5% of Quadrant Private Wealth Management LLC’s portfolio, making the stock its 15th largest holding. Quadrant Private Wealth Management LLC’s holdings in Walt Disney were worth $1,816,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TD Capital Management LLC acquired a new position in shares of Walt Disney in the 1st quarter worth approximately $29,000. Carolina Wealth Advisors LLC acquired a new position in shares of Walt Disney in the 4th quarter worth approximately $31,000. Cox Capital Mgt LLC acquired a new position in shares of Walt Disney in the 1st quarter worth approximately $34,000. Marquette Asset Management LLC boosted its holdings in shares of Walt Disney by 3,500.0% in the 1st quarter. Marquette Asset Management LLC now owns 360 shares of the entertainment giant’s stock worth $35,000 after acquiring an additional 350 shares in the last quarter. Finally, Horan Securities Inc. acquired a new position in shares of Walt Disney in the 1st quarter worth approximately $36,000. 63.10% of the stock is currently owned by institutional investors.
DIS has been the topic of several recent analyst reports. UBS Group set a $114.00 target price on Walt Disney and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Bank of America restated a “buy” rating and issued a $125.00 price objective on shares of Walt Disney in a research report on Wednesday, February 26th. Royal Bank of Canada dropped their price objective on shares of Walt Disney from $110.00 to $108.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Moffett Nathanson cut shares of Walt Disney from a “buy” rating to a “neutral” rating and set a $112.00 price objective for the company. in a research report on Monday, May 4th. Finally, Credit Suisse Group cut shares of Walt Disney from an “outperform” rating to a “neutral” rating and set a $116.00 price objective for the company. in a research report on Monday, April 20th. Fourteen analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $126.58.
DIS opened at $118.02 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 0.45. Walt Disney Co has a 12 month low of $79.07 and a 12 month high of $153.41. The company has a fifty day simple moving average of $104.80 and a 200 day simple moving average of $127.09. The stock has a market cap of $212.83 billion, a P/E 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 data on Tuesday, May 5th. The entertainment giant reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.23). The firm had revenue of $18.01 billion during the quarter, compared to the consensus estimate of $17.49 billion. Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. Walt Disney’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.61 EPS. On average, equities research analysts expect that Walt Disney Co will post 2.09 earnings per share for the current fiscal year.
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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