Legacy Capital Partners Inc. cut its holdings in shares of Walt Disney Co (NYSE:DIS) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,442 shares of the entertainment giant’s stock after selling 288 shares during the period. Legacy Capital Partners Inc.’s holdings in Walt Disney were worth $830,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of DIS. TD Capital Management LLC acquired a new stake in shares of Walt Disney in the first quarter valued at about $29,000. Carolina Wealth Advisors LLC boosted its holdings in shares of Walt Disney by 53.3% during the first quarter. Carolina Wealth Advisors LLC now owns 328 shares of the entertainment giant’s stock worth $32,000 after acquiring an additional 114 shares during the period. Sofos Investments Inc. boosted its holdings in shares of Walt Disney by 238.5% during the first quarter. Sofos Investments Inc. now owns 1,300 shares of the entertainment giant’s stock worth $33,000 after acquiring an additional 916 shares during the period. Cox Capital Mgt LLC bought a new stake in shares of Walt Disney during the first quarter worth approximately $34,000. Finally, Marquette Asset Management LLC boosted its holdings in shares of Walt Disney by 3,500.0% during the first quarter. Marquette Asset Management LLC now owns 360 shares of the entertainment giant’s stock worth $35,000 after acquiring an additional 350 shares during the period. Hedge funds and other institutional investors own 62.81% of the company’s stock.
Several brokerages recently issued reports on DIS. Credit Suisse Group cut Walt Disney from an “outperform” rating to a “neutral” rating and set a $116.00 price target for the company. in a research note on Monday, April 20th. Zacks Investment Research cut Walt Disney from a “hold” rating to a “strong sell” rating and set a $124.00 price target for the company. in a research note on Wednesday, June 17th. Royal Bank of Canada lowered 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. Cfra lowered their price objective on shares of Walt Disney from $160.00 to $120.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Finally, UBS Group restated a “hold” rating and set a $126.00 price objective on shares of Walt Disney in a research report on Thursday, June 25th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $126.44.
Shares of DIS stock traded up $0.02 during trading hours on Tuesday, hitting $114.45. 340,894 shares of the company were exchanged, compared to its average volume of 13,648,307. The firm has a fifty day simple moving average of $116.68 and a 200 day simple moving average of $120.78. The company has a current ratio of 0.94, a quick ratio of 0.89 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 stock has a market capitalization of $204.78 billion, a price-to-earnings ratio of 38.53, a P/E/G ratio of 11.97 and a beta of 1.10.
Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 analysts’ expectations of $17.49 billion. During the same quarter in the previous year, the business earned $1.61 EPS. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. Sell-side analysts anticipate that Walt Disney Co will post 1.49 EPS 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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