Lenox Wealth Management Inc. increased its stake in Walt Disney Co (NYSE:DIS) by 5.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,298 shares of the entertainment giant’s stock after purchasing an additional 510 shares during the quarter. Lenox Wealth Management Inc.’s holdings in Walt Disney were worth $1,211,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Marshall Wace LLP raised its holdings in Walt Disney by 571.8% during the 2nd quarter. Marshall Wace LLP now owns 1,168,468 shares of the entertainment giant’s stock valued at $163,166,000 after acquiring an additional 994,529 shares during the period. Koshinski Asset Management Inc. grew its position in shares of Walt Disney by 6.4% during the 2nd quarter. Koshinski Asset Management Inc. now owns 11,115 shares of the entertainment giant’s stock valued at $1,552,000 after purchasing an additional 667 shares in the last quarter. Halbert Hargrove Russell LLC purchased a new position in shares of Walt Disney during the 2nd quarter valued at $599,000. Markel Corp grew its position in shares of Walt Disney by 0.9% during the 2nd quarter. Markel Corp now owns 1,823,000 shares of the entertainment giant’s stock valued at $254,564,000 after purchasing an additional 16,500 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC purchased a new position in shares of Walt Disney during the 2nd quarter valued at $15,573,000. 68.42% of the stock is currently owned by institutional investors.
A number of research analysts have recently commented on the stock. Tigress Financial restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 26th. ValuEngine lowered shares of Walt Disney from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein set a $130.00 price target on shares of Walt Disney and gave the company a “hold” rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. restated a “buy” rating and set a $150.00 price target on shares of Walt Disney in a research report on Friday. Finally, UBS Group reduced their price target on shares of Walt Disney from $165.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $150.47.
Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.12. Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. The company had revenue of $19.10 billion during the quarter, compared to analyst estimates of $19.02 billion. During the same period in the previous year, the business earned $1.48 earnings per share. The firm’s quarterly revenue was up 33.6% compared to the same quarter last year. As a group, research analysts forecast that Walt Disney Co will post 5.74 earnings per share for the current year.
About Walt Disney
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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