Triton Wealth Management PLLC purchased a new position in Walt Disney Co (NYSE:DIS) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 4,684 shares of the entertainment giant’s stock, valued at approximately $541,000.
Several other hedge funds have also modified their holdings of the company. Perigon Wealth Management LLC boosted its position in shares of Walt Disney by 1.8% in the second quarter. Perigon Wealth Management LLC now owns 71,346 shares of the entertainment giant’s stock valued at $7,956,000 after acquiring an additional 1,281 shares during the period. Davis Capital Management grew its position in Walt Disney by 5.7% in the 2nd quarter. Davis Capital Management now owns 7,721 shares of the entertainment giant’s stock worth $861,000 after purchasing an additional 413 shares during the last quarter. Carl P. Sherr & Co. LLC raised its position in shares of Walt Disney by 3.3% during the second quarter. Carl P. Sherr & Co. LLC now owns 19,345 shares of the entertainment giant’s stock valued at $2,157,000 after buying an additional 615 shares during the last quarter. Avestar Capital LLC lifted its stake in shares of Walt Disney by 12.0% in the second quarter. Avestar Capital LLC now owns 2,332 shares of the entertainment giant’s stock valued at $260,000 after buying an additional 250 shares during the period. Finally, Stelac Advisory Services LLC acquired a new stake in Walt Disney during the second quarter worth about $636,000. Institutional investors own 62.66% of the company’s stock.
A number of analysts have commented on DIS shares. Royal Bank of Canada reduced their price objective on 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 reduced their target price on Walt Disney from $160.00 to $120.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. SunTrust Banks boosted their price target on shares of Walt Disney from $110.00 to $160.00 and gave the company a “hold” rating in a report on Tuesday, April 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Walt Disney in a report on Friday, June 26th. Finally, Moffett Nathanson lowered shares of Walt Disney from a “buy” rating to a “neutral” rating and set a $112.00 target price on the stock. in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $125.35.
Walt Disney stock opened at $116.94 on Friday. Walt Disney Co has a 1 year low of $79.07 and a 1 year high of $153.41. The company’s 50-day moving average is $115.68 and its two-hundred day moving average is $117.27. 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 company has a market cap of $208.91 billion, a PE ratio of 25.42, a PEG ratio of 13.36 and a beta of 1.10.
Walt Disney (NYSE:DIS) last released 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). The business had revenue of $18.01 billion for the quarter, compared to analyst estimates of $17.49 billion. Walt Disney had a return on equity of 9.09% and a net margin of 6.88%. Walt Disney’s revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.61 EPS. Research analysts forecast that Walt Disney Co will post 1.38 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.
Recommended Story: Is it better to buy a fund with a higher or lower NAV?
Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).
Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.