TRUE Private Wealth Advisors increased its position in shares of Walt Disney Co (NYSE:DIS) by 72.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,779 shares of the entertainment giant’s stock after purchasing an additional 8,327 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Walt Disney were worth $2,186,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. United Bank boosted its stake in shares of Walt Disney by 29.6% in the second quarter. United Bank now owns 16,978 shares of the entertainment giant’s stock valued at $1,779,000 after buying an additional 3,876 shares in the last quarter. Renaissance Technologies LLC boosted its position in Walt Disney by 112.1% during the second quarter. Renaissance Technologies LLC now owns 1,665,507 shares of the entertainment giant’s stock worth $174,562,000 after purchasing an additional 880,100 shares in the last quarter. Baird Financial Group Inc. boosted its position in Walt Disney by 55.1% during the second quarter. Baird Financial Group Inc. now owns 966,690 shares of the entertainment giant’s stock worth $101,320,000 after purchasing an additional 343,593 shares in the last quarter. Weil Company Inc. boosted its position in Walt Disney by 8.1% during the second quarter. Weil Company Inc. now owns 37,942 shares of the entertainment giant’s stock worth $3,977,000 after purchasing an additional 2,838 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in Walt Disney by 12.3% during the second quarter. Van ECK Associates Corp now owns 395,076 shares of the entertainment giant’s stock worth $41,408,000 after purchasing an additional 43,187 shares in the last quarter. Institutional investors and hedge funds own 66.58% of the company’s stock.
DIS opened at $112.59 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32. Walt Disney Co has a one year low of $97.68 and a one year high of $120.20. The firm has a market cap of $167.85 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 2.64 and a beta of 0.96.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.27. Walt Disney had a return on equity of 20.50% and a net margin of 18.46%. The business had revenue of $15.30 billion for the quarter, compared to the consensus estimate of $15.20 billion. During the same period in the prior year, the business earned $1.89 earnings per share. The business’s revenue was down .3% on a year-over-year basis. On average, equities analysts anticipate that Walt Disney Co will post 7.09 earnings per share for the current year.
In other news, EVP Brent Woodford sold 294 shares of the company’s stock in a transaction on Friday, January 4th. The stock was sold at an average price of $110.00, for a total value of $32,340.00. Following the sale, the executive vice president now directly owns 26,513 shares in the company, valued at $2,916,430. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alan N. Braverman sold 1,153 shares of the company’s stock in a transaction on Friday, December 28th. The shares were sold at an average price of $107.70, for a total value of $124,178.10. Following the completion of the sale, the executive vice president now owns 106,390 shares in the company, valued at $11,458,203. The disclosure for this sale can be found here. Insiders sold 14,648 shares of company stock worth $1,616,684 over the last 90 days. Company insiders own 0.36% of the company’s stock.
A number of research firms have commented on DIS. Edward Jones upgraded Walt Disney from a “hold” rating to a “buy” rating in a research report on Wednesday. Tigress Financial reiterated a “buy” rating on shares of Walt Disney in a research report on Tuesday, February 12th. BMO Capital Markets boosted their target price on Walt Disney from $109.00 to $114.00 and gave the stock a “market perform” rating in a research report on Thursday, February 7th. Zacks Investment Research downgraded Walt Disney from a “hold” rating to a “sell” rating in a research report on Thursday, January 31st. Finally, Credit Suisse Group reiterated a “hold” rating and set a $114.00 target price on shares of Walt Disney in a research report on Tuesday, January 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $124.84.
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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