Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Walt Disney Co (NYSE:DIS) by 19.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 261,993 shares of the entertainment giant’s stock after acquiring an additional 43,518 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Walt Disney were worth $25,309,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. TD Capital Management LLC acquired a new position in shares of Walt Disney in the first quarter valued at approximately $29,000. Carolina Wealth Advisors LLC acquired a new position in shares of Walt Disney in the fourth quarter valued at approximately $31,000. Cox Capital Mgt LLC acquired a new position in shares of Walt Disney in the first quarter valued at approximately $34,000. Marquette Asset Management LLC raised its position in shares of Walt Disney by 3,500.0% in the first quarter. Marquette Asset Management LLC now owns 360 shares of the entertainment giant’s stock valued at $35,000 after buying an additional 350 shares during the last quarter. Finally, Horan Securities Inc. acquired a new position in shares of Walt Disney in the first quarter valued at approximately $36,000. Institutional investors own 63.10% of the company’s stock.
NYSE DIS opened at $118.02 on Friday. The company’s fifty day simple moving average is $104.80 and its 200-day simple moving average is $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 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 cap of $212.83 billion, a P/E ratio of 39.87, a PEG ratio of 11.04 and a beta of 1.08.
Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.23). Walt Disney had a return on equity of 9.09% and a net margin of 6.88%. The firm had revenue of $18.01 billion for the quarter, compared to analyst estimates of $17.49 billion. During the same period in the previous year, the firm posted $1.61 earnings per share. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, research analysts expect that Walt Disney Co will post 2.09 EPS for the current fiscal year.
A number of research firms have recently weighed in on DIS. Rosenblatt Securities reissued a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a research report on Wednesday, May 6th. Bank of America restated a “buy” rating and issued a $125.00 target price on shares of Walt Disney in a report on Wednesday, February 26th. TheStreet downgraded shares of Walt Disney from a “b-” rating to a “c+” rating in a report on Thursday, March 12th. Argus lowered 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. Finally, Deutsche Bank lowered their target price on shares of Walt Disney from $147.00 to $128.00 and set a “hold” rating for the company in a report on Tuesday. Fourteen equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus 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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