Whitnell & Co. boosted its position in shares of The Walt Disney Co. (NYSE:DIS) by 18.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,940 shares of the entertainment giant’s stock after buying an additional 5,500 shares during the period. The Walt Disney accounts for about 1.1% of Whitnell & Co.’s holdings, making the stock its 17th largest position. Whitnell & Co.’s holdings in The Walt Disney were worth $3,516,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the stock. Armbruster Capital Management Inc. raised its stake in The Walt Disney by 0.4% in the second quarter. Armbruster Capital Management Inc. now owns 2,550 shares of the entertainment giant’s stock valued at $249,000 after buying an additional 10 shares in the last quarter. Allegis Investment Advisors LLC raised its stake in The Walt Disney by 0.6% in the first quarter. Allegis Investment Advisors LLC now owns 2,281 shares of the entertainment giant’s stock valued at $227,000 after buying an additional 13 shares in the last quarter. Home Federal Bank of Tennessee raised its stake in The Walt Disney by 0.8% in the second quarter. Home Federal Bank of Tennessee now owns 2,077 shares of the entertainment giant’s stock valued at $203,000 after buying an additional 16 shares in the last quarter. Signaturefd LLC raised its stake in The Walt Disney by 0.3% in the second quarter. Signaturefd LLC now owns 6,619 shares of the entertainment giant’s stock valued at $647,000 after buying an additional 19 shares in the last quarter. Finally, Hengehold Capital Management LLC raised its stake in The Walt Disney by 0.9% in the second quarter. Hengehold Capital Management LLC now owns 2,307 shares of the entertainment giant’s stock valued at $226,000 after buying an additional 20 shares in the last quarter. 57.92% of the stock is owned by hedge funds and other institutional investors.
The Walt Disney Co. (NYSE:DIS) traded up 0.33% during mid-day trading on Friday, reaching $91.42. 829,685 shares of the company’s stock were exchanged. The Walt Disney Co. has a 12 month low of $86.25 and a 12 month high of $120.65. The stock has a 50-day moving average of $93.04 and a 200-day moving average of $97.54. The firm has a market cap of $146.92 billion, a price-to-earnings ratio of 16.43 and a beta of 1.25.
The Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.01. The business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.16 billion. The Walt Disney had a net margin of 16.48% and a return on equity of 19.98%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted $1.45 EPS. Analysts anticipate that The Walt Disney Co. will post $5.78 earnings per share for the current year.
A number of analysts have recently issued reports on DIS shares. Zacks Investment Research lowered The Walt Disney from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Morgan Stanley increased their target price on The Walt Disney from $100.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, July 14th. FBR & Co restated an “outperform” rating and issued a $111.00 target price on shares of The Walt Disney in a report on Tuesday, June 21st. Stifel Nicolaus lowered The Walt Disney from a “buy” rating to a “hold” rating and set a $110.00 target price for the company. in a report on Wednesday, July 20th. They noted that the move was a valuation call. Finally, Brean Capital started coverage on The Walt Disney in a report on Wednesday, July 6th. They issued a “hold” rating and a $100.00 target price for the company. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $109.71.
About The Walt Disney
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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