Stack Financial Management Inc lowered its stake in The Walt Disney Co. (NYSE:DIS) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,696 shares of the entertainment giant’s stock after selling 1,780 shares during the period. The Walt Disney comprises about 2.1% of Stack Financial Management Inc’s holdings, making the stock its 18th largest position. Stack Financial Management Inc’s holdings in The Walt Disney were worth $16,502,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of DIS. Cordasco Financial Network raised its position in The Walt Disney by 149.8% in the second quarter. Cordasco Financial Network now owns 1,501 shares of the entertainment giant’s stock valued at $147,000 after buying an additional 900 shares during the last quarter. Opera Trading Capital bought a new position in The Walt Disney during the first quarter valued at about $158,000. Springbok Capital Management LLC raised its position in The Walt Disney by 109.5% in the first quarter. Springbok Capital Management LLC now owns 1,635 shares of the entertainment giant’s stock valued at $162,000 after buying an additional 18,835 shares during the last quarter. Gierl Augustine Investment Management Inc raised its position in The Walt Disney by 7.7% in the second quarter. Gierl Augustine Investment Management Inc now owns 1,976 shares of the entertainment giant’s stock valued at $193,000 after buying an additional 141 shares during the last quarter. Finally, MCF Advisors LLC raised its position in The Walt Disney by 11.5% in the first quarter. MCF Advisors LLC now owns 1,999 shares of the entertainment giant’s stock valued at $199,000 after buying an additional 206 shares during the last quarter. Institutional investors own 57.92% of the company’s stock.
Shares of The Walt Disney Co. (NYSE:DIS) traded up 0.46% during trading on Friday, hitting $91.54. The stock had a trading volume of 931,846 shares. The firm has a 50-day moving average price of $93.04 and a 200 day moving average price of $97.54. The company has a market capitalization of $147.11 billion, a PE ratio of 16.45 and a beta of 1.25. The Walt Disney Co. has a 52 week low of $86.25 and a 52 week high of $120.65.
The Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.01. The Walt Disney had a return on equity of 19.98% and a net margin of 16.48%. The company had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same period in the previous year, the company posted $1.45 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities analysts anticipate that The Walt Disney Co. will post $5.78 earnings per share for the current year.
DIS has been the subject of several analyst reports. Drexel Hamilton restated a “buy” rating on shares of The Walt Disney in a research report on Thursday, June 16th. Vetr lowered The Walt Disney from a “strong-buy” rating to a “buy” rating and set a $108.99 price objective for the company. in a research report on Thursday, June 30th. Pivotal Research reiterated a “buy” rating and issued a $122.00 price objective on shares of The Walt Disney in a research report on Sunday, July 24th. Citigroup Inc. decreased their price objective on The Walt Disney from $120.00 to $117.00 and set a “buy” rating for the company in a research report on Thursday, August 11th. Finally, Hilliard Lyons upgraded The Walt Disney to a “buy” rating in a research report on Thursday, August 25th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus 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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