NewEdge Advisors LLC Grows Position in The Walt Disney Company (NYSE:DIS)

NewEdge Advisors LLC lifted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 9.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 101,920 shares of the entertainment giant’s stock after buying an additional 8,628 shares during the period. NewEdge Advisors LLC’s holdings in Walt Disney were worth $10,152,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DIS. Morgan Stanley raised its stake in Walt Disney by 13.5% in the 4th quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock valued at $4,011,473,000 after purchasing an additional 5,499,014 shares during the last quarter. Geode Capital Management LLC raised its stake in Walt Disney by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 31,823,656 shares of the entertainment giant’s stock valued at $2,758,969,000 after purchasing an additional 654,802 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Walt Disney by 12.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,147,543 shares of the entertainment giant’s stock valued at $2,358,578,000 after purchasing an additional 3,023,997 shares during the last quarter. Moneta Group Investment Advisors LLC raised its stake in Walt Disney by 109,924.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock valued at $2,056,126,000 after purchasing an additional 23,644,765 shares during the last quarter. Finally, Norges Bank acquired a new position in Walt Disney in the 4th quarter valued at $1,433,075,000. 61.17% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Walt Disney

In other news, EVP Sonia L. Coleman sold 959 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $89.05, for a total value of $85,398.95. Following the transaction, the executive vice president now directly owns 961 shares in the company, valued at approximately $85,577.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Walt Disney Stock Down 2.4 %

Shares of NYSE:DIS opened at $81.64 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.07 and a debt-to-equity ratio of 0.44. The Walt Disney Company has a 52-week low of $80.53 and a 52-week high of $118.18. The stock’s fifty day simple moving average is $87.12 and its 200-day simple moving average is $93.18. The company has a market capitalization of $149.38 billion, a P/E ratio of 66.37, a P/E/G ratio of 1.69 and a beta of 1.27.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.04. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. The firm had revenue of $22.33 billion for the quarter, compared to the consensus estimate of $22.50 billion. During the same period in the prior year, the business posted $1.09 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, equities research analysts forecast that The Walt Disney Company will post 3.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DIS has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut their target price on Walt Disney from $131.00 to $120.00 in a research note on Tuesday, August 8th. Wells Fargo & Company cut their target price on Walt Disney from $147.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, August 10th. Citigroup lowered their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, August 16th. StockNews.com began coverage on Walt Disney in a report on Thursday, August 17th. They set a “sell” rating for the company. Finally, Barclays lowered their price target on Walt Disney from $107.00 to $88.00 in a report on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.83.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.