Resources Management Corp CT ADV purchased a new stake in shares of Walt Disney Co (NYSE:DIS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 24,102 shares of the entertainment giant’s stock, valued at approximately $3,141,000.
Other hedge funds have also made changes to their positions in the company. Bellecapital International Ltd. lifted its stake in Walt Disney by 7.5% in the second quarter. Bellecapital International Ltd. now owns 10,438 shares of the entertainment giant’s stock worth $1,458,000 after acquiring an additional 725 shares during the period. Field & Main Bank boosted its stake in shares of Walt Disney by 0.5% during the second quarter. Field & Main Bank now owns 16,946 shares of the entertainment giant’s stock valued at $2,366,000 after purchasing an additional 85 shares in the last quarter. Blue Fin Capital Inc. boosted its stake in shares of Walt Disney by 41.6% during the second quarter. Blue Fin Capital Inc. now owns 6,789 shares of the entertainment giant’s stock valued at $948,000 after purchasing an additional 1,994 shares in the last quarter. Brandywine Oak Private Wealth LLC increased its holdings in Walt Disney by 2.4% during the second quarter. Brandywine Oak Private Wealth LLC now owns 5,862 shares of the entertainment giant’s stock valued at $818,000 after buying an additional 137 shares during the period. Finally, First National Trust Co increased its holdings in Walt Disney by 4.0% during the second quarter. First National Trust Co now owns 81,242 shares of the entertainment giant’s stock valued at $11,345,000 after buying an additional 3,162 shares during the period. 64.13% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CFO Christine M. Mccarthy sold 4,617 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $139.20, for a total transaction of $642,686.40. Following the sale, the chief financial officer now directly owns 135,756 shares of the company’s stock, valued at $18,897,235.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Brent Woodford sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $149.00, for a total transaction of $596,000.00. Following the sale, the executive vice president now directly owns 36,479 shares in the company, valued at $5,435,371. The disclosure for this sale can be found here. Insiders sold a total of 12,617 shares of company stock valued at $1,847,326 over the last ninety days. 0.36% of the stock is currently owned by insiders.
Walt Disney stock traded down $0.30 during midday trading on Wednesday, reaching $148.28. The company’s stock had a trading volume of 6,349,348 shares, compared to its average volume of 14,171,952. The stock’s 50-day simple moving average is $139.13 and its 200-day simple moving average is $137.60. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.90 and a quick ratio of 0.84. Walt Disney Co has a 52-week low of $100.35 and a 52-week high of $153.41. The stock has a market capitalization of $267.26 billion, a P/E ratio of 25.70, a PEG ratio of 5.68 and a beta of 1.01.
Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.12. Walt Disney had a return on equity of 11.38% and a net margin of 15.89%. The business had revenue of $19.10 billion for the quarter, compared to analyst estimates of $19.02 billion. During the same quarter in the previous year, the firm earned $1.48 earnings per share. The company’s revenue was up 33.6% on a year-over-year basis. As a group, equities research analysts expect that Walt Disney Co will post 5.61 earnings per share for the current fiscal year.
A number of analysts have weighed in on the company. Deutsche Bank upped their target price on Walt Disney from $132.00 to $139.00 and gave the stock a “hold” rating in a report on Friday, November 15th. Rosenblatt Securities reiterated a “buy” rating and issued a $175.00 price target (up from $170.00) on shares of Walt Disney in a report on Monday, November 18th. Needham & Company LLC reiterated a “hold” rating on shares of Walt Disney in a report on Friday, September 27th. Evercore ISI reissued a “buy” rating and issued a $155.00 price target on shares of Walt Disney in a research report on Monday, November 11th. Finally, Sanford C. Bernstein set a $130.00 price objective on Walt Disney and gave the stock a “hold” rating in a research note on Thursday, September 12th. Six equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Walt Disney currently has a consensus rating of “Buy” and an average price target of $154.31.
Walt Disney Company 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.
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