King Wealth Acquires 5,242 Shares of Walt Disney Co (NYSE:DIS)

King Wealth lifted its holdings in Walt Disney Co (NYSE:DIS) by 231.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,505 shares of the entertainment giant’s stock after buying an additional 5,242 shares during the quarter. King Wealth’s holdings in Walt Disney were worth $725,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Candriam Luxembourg S.C.A. boosted its stake in shares of Walt Disney by 31.4% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 631,644 shares of the entertainment giant’s stock valued at $91,365,000 after purchasing an additional 151,060 shares in the last quarter. Private Advisory Group LLC boosted its stake in shares of Walt Disney by 11.6% during the fourth quarter. Private Advisory Group LLC now owns 36,479 shares of the entertainment giant’s stock valued at $5,276,000 after purchasing an additional 3,805 shares in the last quarter. Wealthcare Capital Management LLC boosted its stake in shares of Walt Disney by 66.5% during the fourth quarter. Wealthcare Capital Management LLC now owns 333 shares of the entertainment giant’s stock valued at $48,000 after purchasing an additional 133 shares in the last quarter. Sugarloaf Wealth Management LLC acquired a new stake in shares of Walt Disney during the fourth quarter valued at about $1,084,000. Finally, Polaris Greystone Financial Group LLC boosted its stake in shares of Walt Disney by 9.3% during the fourth quarter. Polaris Greystone Financial Group LLC now owns 168,517 shares of the entertainment giant’s stock valued at $24,455,000 after purchasing an additional 14,339 shares in the last quarter. 62.81% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on DIS shares. Deutsche Bank lowered their price objective on Walt Disney from $147.00 to $128.00 and set a “hold” rating for the company in a research report on Tuesday, May 19th. Citigroup lowered their price objective on Walt Disney from $161.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Wells Fargo & Co downgraded Walt Disney from an “overweight” rating to an “equal weight” rating in a research report on Sunday, April 19th. Cowen raised their price objective on Walt Disney from $154.00 to $159.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Finally, UBS Group set a $114.00 price objective on Walt Disney and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $126.50.

Shares of NYSE DIS traded down $0.57 during midday trading on Tuesday, hitting $118.20. 5,390,659 shares of the stock traded hands, compared to its average volume of 22,120,644. The company has a market cap of $215.83 billion, a PE ratio of 40.37, a P/E/G ratio of 13.88 and a beta of 1.09. Walt Disney Co has a one year low of $79.07 and a one year high of $153.41. The business has a 50 day moving average price of $108.78 and a two-hundred day moving average price of $126.30. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.89 and a current ratio of 0.94.

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 Thomson Reuters’ consensus estimate of $0.83 by ($0.23). The firm had revenue of $18.01 billion for 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%. The company’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.61 EPS. As a group, equities research analysts forecast that Walt Disney Co will post 1.66 EPS for the current fiscal year.

Walt Disney Company 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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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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