ZWJ Investment Counsel Inc. raised its stake in The Walt Disney Co. (NYSE:DIS) by 6.7% during the second quarter, Holdings Channel reports. The firm owned 3,976 shares of the entertainment giant’s stock after buying an additional 250 shares during the period. ZWJ Investment Counsel Inc.’s holdings in The Walt Disney were worth $389,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of DIS. Bank of Montreal Can purchased a new position in The Walt Disney during the second quarter valued at approximately $202,393,000. Emerald Acquisition Ltd. purchased a new position in The Walt Disney during the second quarter valued at approximately $201,593,000. Nordea Investment Management AB raised its position in The Walt Disney by 430.0% in the second quarter. Nordea Investment Management AB now owns 2,156,556 shares of the entertainment giant’s stock valued at $210,954,000 after buying an additional 1,749,646 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in The Walt Disney by 6.5% in the first quarter. TIAA CREF Investment Management LLC now owns 10,992,868 shares of the entertainment giant’s stock valued at $1,091,702,000 after buying an additional 674,334 shares in the last quarter. Finally, Virginia Retirement System purchased a new position in The Walt Disney during the first quarter valued at approximately $55,212,000. 57.92% of the stock is owned by institutional investors.
The Walt Disney Co. (NYSE:DIS) traded up 1.15% during mid-day trading on Friday, hitting $92.86. The stock had a trading volume of 8,923,683 shares. The Walt Disney Co. has a one year low of $86.25 and a one year high of $120.65. The stock has a market cap of $149.24 billion, a PE ratio of 16.69 and a beta of 1.28. The firm’s 50-day moving average is $94.14 and its 200 day moving average is $97.92.
The Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, August 9th. The entertainment giant reported $1.62 EPS for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.01. The Walt Disney had a net margin of 16.48% and a return on equity of 19.98%. The business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same quarter last year, the business earned $1.45 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities research analysts expect that The Walt Disney Co. will post $5.79 EPS for the current year.
DIS has been the subject of a number of recent research reports. Sanford C. Bernstein reiterated a “market perform” rating on shares of The Walt Disney in a report on Friday, June 17th. Morgan Stanley reiterated a “hold” rating on shares of The Walt Disney in a report on Sunday, July 17th. Citigroup Inc. decreased their target price on The Walt Disney from $120.00 to $117.00 and set a “buy” rating for the company in a report on Thursday, August 11th. Hilliard Lyons upgraded The Walt Disney to a “buy” rating in a report on Thursday, August 25th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $118.00 target price on shares of The Walt Disney in a report on Saturday, August 13th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $109.71.
The Walt Disney Company Profile
The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.
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