KLCM Advisors Inc. lowered its position in Walt Disney Co (NYSE:DIS) by 0.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 100,472 shares of the entertainment giant’s stock after selling 929 shares during the period. Walt Disney comprises approximately 3.1% of KLCM Advisors Inc.’s holdings, making the stock its 14th largest position. KLCM Advisors Inc.’s holdings in Walt Disney were worth $9,706,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. State Street Corp boosted its holdings in Walt Disney by 0.8% in the 1st quarter. State Street Corp now owns 74,952,278 shares of the entertainment giant’s stock worth $7,240,390,000 after buying an additional 565,404 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Walt Disney by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 25,971,783 shares of the entertainment giant’s stock valued at $3,748,495,000 after purchasing an additional 548,830 shares during the last quarter. Norges Bank bought a new position in shares of Walt Disney during the 4th quarter valued at about $2,572,048,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Walt Disney by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,269,782 shares of the entertainment giant’s stock valued at $1,196,059,000 after purchasing an additional 100,637 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Walt Disney by 7.1% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,768,687 shares of the entertainment giant’s stock valued at $750,455,000 after purchasing an additional 512,407 shares during the last quarter. 62.81% of the stock is owned by institutional investors.
Walt Disney stock traded down $0.39 during midday trading on Tuesday, reaching $118.38. The stock had a trading volume of 383,496 shares, compared to its average volume of 22,120,644. 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 52-week low of $79.07 and a 52-week high of $153.41. The firm has a market cap of $215.83 billion, a price-to-earnings ratio of 40.37, a price-to-earnings-growth ratio of 13.88 and a beta of 1.09. The company has a fifty day moving average of $108.78 and a 200 day moving average of $126.30.
Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $17.49 billion. During the same period last year, the company earned $1.61 earnings per share. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. Equities research analysts predict that Walt Disney Co will post 1.66 EPS for the current year.
DIS has been the subject of several research reports. Imperial Capital downgraded shares of Walt Disney from an “in-line” rating to an “underperform” rating and dropped their price objective for the company from $107.00 to $105.00 in a report on Thursday, May 28th. Zacks Investment Research downgraded shares of Walt Disney from a “buy” rating to a “hold” rating and set a $122.00 price objective for the company. in a report on Wednesday, March 4th. TheStreet downgraded shares of Walt Disney from a “b-” rating to a “c+” rating in a report on Thursday, March 12th. Citigroup dropped their price objective on shares of Walt Disney from $161.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Finally, Cowen increased their price target on shares of Walt Disney from $154.00 to $159.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. Walt Disney has an average rating of “Hold” and an average price target of $126.50.
Walt Disney 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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