Veritas Investment Management LLP Increases Stock Holdings in Walt Disney Co (NYSE:DIS)

Veritas Investment Management LLP increased its holdings in Walt Disney Co (NYSE:DIS) by 99.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,880 shares of the entertainment giant’s stock after purchasing an additional 1,930 shares during the period. Walt Disney accounts for 0.0% of Veritas Investment Management LLP’s investment portfolio, making the stock its 28th biggest position. Veritas Investment Management LLP’s holdings in Walt Disney were worth $506,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Glenview State Bank Trust DEPT. lifted its stake in shares of Walt Disney by 0.5% during the second quarter. Glenview State Bank Trust DEPT. now owns 15,057 shares of the entertainment giant’s stock worth $2,103,000 after purchasing an additional 70 shares in the last quarter. Aft Forsyth & Company Inc. lifted its stake in shares of Walt Disney by 0.9% during the second quarter. Aft Forsyth & Company Inc. now owns 7,705 shares of the entertainment giant’s stock worth $1,076,000 after purchasing an additional 70 shares in the last quarter. Altfest L J & Co. Inc. lifted its stake in shares of Walt Disney by 0.5% during the second quarter. Altfest L J & Co. Inc. now owns 13,978 shares of the entertainment giant’s stock worth $1,952,000 after purchasing an additional 74 shares in the last quarter. Botty Investors LLC lifted its stake in shares of Walt Disney by 4.8% during the second quarter. Botty Investors LLC now owns 1,650 shares of the entertainment giant’s stock worth $230,000 after purchasing an additional 75 shares in the last quarter. Finally, Wealthquest Corp lifted its stake in shares of Walt Disney by 1.6% during the second quarter. Wealthquest Corp now owns 4,772 shares of the entertainment giant’s stock worth $666,000 after purchasing an additional 76 shares in the last quarter. 68.42% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have commented on the company. JPMorgan Chase & Co. restated a “buy” rating and set a $150.00 price objective on shares of Walt Disney in a research note on Friday. UBS Group reduced their price objective on Walt Disney from $165.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Needham & Company LLC restated a “hold” rating on shares of Walt Disney in a research note on Friday, September 27th. Tigress Financial reiterated a “buy” rating on shares of Walt Disney in a research note on Monday, August 26th. Finally, Evercore ISI reiterated a “buy” rating and issued a $155.00 price target on shares of Walt Disney in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $152.05.

Walt Disney stock traded down $1.22 during midday trading on Monday, hitting $136.74. The stock had a trading volume of 10,134,244 shares, compared to its average volume of 7,565,782. 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 has a market cap of $246.32 billion, a P/E ratio of 19.31, a P/E/G ratio of 4.43 and a beta of 0.96. Walt Disney Co has a 12 month low of $100.35 and a 12 month high of $147.15. The business has a fifty day moving average price of $131.00 and a 200 day moving average price of $136.12.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 7th. The entertainment giant reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.12. The company had revenue of $19.10 billion during the quarter, compared to analyst estimates of $19.02 billion. Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. The business’s revenue was up 33.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.48 earnings per share. On average, equities analysts anticipate that Walt Disney Co will post 5.74 EPS for the current fiscal 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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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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