Rockland Trust Co. boosted its position in shares of Walt Disney Co (NYSE:DIS) by 33.8% in the third quarter, HoldingsChannel.com reports. The fund owned 14,701 shares of the entertainment giant’s stock after purchasing an additional 3,717 shares during the period. Rockland Trust Co.’s holdings in Walt Disney were worth $1,884,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in DIS. Centerpoint Advisors LLC lifted its stake in Walt Disney by 276.5% during the second quarter. Centerpoint Advisors LLC now owns 192 shares of the entertainment giant’s stock worth $27,000 after purchasing an additional 141 shares during the last quarter. SRS Capital Advisors Inc. purchased a new stake in Walt Disney during the second quarter worth approximately $39,000. Advocacy Wealth Management Services LLC lifted its stake in Walt Disney by 52.8% during the third quarter. Advocacy Wealth Management Services LLC now owns 382 shares of the entertainment giant’s stock worth $50,000 after purchasing an additional 132 shares during the last quarter. MRA Associates USA LLC purchased a new stake in Walt Disney during the second quarter worth approximately $53,000. Finally, NewSquare Capital LLC lifted its stake in Walt Disney by 24.9% during the second quarter. NewSquare Capital LLC now owns 386 shares of the entertainment giant’s stock worth $54,000 after purchasing an additional 77 shares during the last quarter. Institutional investors own 68.40% of the company’s stock.
Several research firms recently weighed in on DIS. ValuEngine cut Walt Disney from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Walt Disney in a research report on Friday, September 27th. Moffett Nathanson set a $150.00 price target on Walt Disney and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Morgan Stanley set a $160.00 price target on Walt Disney and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $150.00 price target on shares of Walt Disney in a research report on Thursday, August 8th. Seven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Walt Disney presently has a consensus rating of “Buy” and a consensus target price of $151.31.
NYSE:DIS opened at $130.02 on Friday. The firm has a market cap of $232.97 billion, a P/E ratio of 18.36, a PEG ratio of 4.26 and a beta of 0.96. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 0.38. The stock’s 50 day simple moving average is $133.88 and its 200-day simple moving average is $134.35. Walt Disney Co has a 12-month low of $100.35 and a 12-month high of $147.15.
Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.41). The company had revenue of $20.25 billion during the quarter, compared to analyst estimates of $21.40 billion. Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. The company’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.87 EPS. Research analysts forecast that Walt Disney Co will post 5.74 EPS for the current fiscal year.
In other news, EVP Brent Woodford sold 2,200 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $146.68, for a total value of $322,696.00. Following the transaction, the executive vice president now owns 34,679 shares of the company’s stock, valued at $5,086,715.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.36% of the company’s stock.
Walt Disney 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.
Further Reading: Dividend
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