WT Wealth Management grew its stake in Walt Disney Co (NYSE:DIS) by 124.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,981 shares of the entertainment giant’s stock after buying an additional 3,876 shares during the period. WT Wealth Management’s holdings in Walt Disney were worth $674,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. WealthTrust Axiom LLC grew its holdings in shares of Walt Disney by 0.9% during the fourth quarter. WealthTrust Axiom LLC now owns 7,751 shares of the entertainment giant’s stock worth $1,121,000 after buying an additional 70 shares in the last quarter. Botty Investors LLC lifted its stake in shares of Walt Disney by 4.8% during the fourth quarter. Botty Investors LLC now owns 1,650 shares of the entertainment giant’s stock valued at $240,000 after buying an additional 75 shares during the period. Cardan Capital Partners LLC boosted its position in Walt Disney by 4.9% during the fourth quarter. Cardan Capital Partners LLC now owns 1,645 shares of the entertainment giant’s stock worth $238,000 after acquiring an additional 77 shares during the last quarter. Jackson Hole Capital Partners LLC grew its stake in Walt Disney by 0.3% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 24,340 shares of the entertainment giant’s stock worth $3,520,000 after acquiring an additional 77 shares during the period. Finally, Rainier Group Investment Advisory LLC grew its stake in Walt Disney by 2.0% in the 4th quarter. Rainier Group Investment Advisory LLC now owns 3,999 shares of the entertainment giant’s stock worth $578,000 after acquiring an additional 79 shares during the period. 62.81% of the stock is currently owned by hedge funds and other institutional investors.
DIS has been the topic of several analyst reports. Credit Suisse Group cut Walt Disney from an “outperform” rating to a “neutral” rating and set a $116.00 price objective on the stock. in a report on Monday, April 20th. Cfra decreased their price target on Walt Disney from $160.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. SunTrust Banks upped their price objective on shares of Walt Disney from $110.00 to $160.00 and gave the company a “hold” rating in a research note on Tuesday, April 14th. Loop Capital lowered shares of Walt Disney from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a report on Tuesday, May 19th. Finally, Moffett Nathanson downgraded shares of Walt Disney from a “buy” rating to a “neutral” rating and set a $112.00 target price for the company. in a report on Monday, May 4th. One 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. The company currently has a consensus rating of “Hold” and a consensus price target of $126.50.
Shares of NYSE DIS traded down $0.39 on Tuesday, hitting $118.38. The company had a trading volume of 4,744,612 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 12-month low of $79.07 and a 12-month high of $153.41. The firm has a market capitalization of $215.83 billion, a P/E ratio of 40.37, a PEG ratio of 13.88 and a beta of 1.09. The business has a 50 day moving average of $108.78 and a two-hundred day moving average of $126.30.
Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 EPS for the quarter, missing the 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 company had revenue of $18.01 billion for the quarter, compared to analyst estimates of $17.49 billion. During the same period last year, the firm posted $1.61 earnings per share. The business’s revenue was up 20.7% on a year-over-year basis. On average, sell-side analysts anticipate that Walt Disney Co will post 1.66 earnings per share for the current 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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