Apella Capital LLC purchased a new position in shares of The Walt Disney Company (NYSE:DIS – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,153 shares of the entertainment giant’s stock, valued at approximately $549,000.
Other hedge funds also recently modified their holdings of the company. Dark Forest Capital Management LP acquired a new position in shares of Walt Disney during the 1st quarter worth $28,000. Worth Asset Management LLC bought a new stake in shares of Walt Disney during the 1st quarter worth $29,000. MBM Wealth Consultants LLC boosted its holdings in shares of Walt Disney by 197.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock worth $33,000 after buying an additional 243 shares during the period. Silicon Valley Capital Partners bought a new stake in shares of Walt Disney during the 4th quarter worth $35,000. Finally, Fortis Capital Advisors LLC bought a new stake in shares of Walt Disney during the 4th quarter worth $39,000. Institutional investors and hedge funds own 61.17% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently issued reports on DIS. Citigroup decreased their price objective on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, August 16th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Walt Disney from $131.00 to $120.00 in a report on Tuesday, August 8th. Loop Capital reduced their price target on shares of Walt Disney from $120.00 to $110.00 in a report on Monday, June 26th. Macquarie downgraded shares of Walt Disney from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $125.00 to $103.00 in a report on Friday, May 19th. Finally, StockNews.com assumed coverage on shares of Walt Disney in a report on Thursday, August 17th. They issued a “sell” rating for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus price target of $115.35.
Walt Disney Trading Up 1.2 %
Shares of Walt Disney stock opened at $84.48 on Friday. The stock has a market capitalization of $154.58 billion, a P/E ratio of 68.68, a price-to-earnings-growth ratio of 1.68 and a beta of 1.28. 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 company has a 50-day simple moving average of $85.92 and a 200 day simple moving average of $91.85. The Walt Disney Company has a 12-month low of $79.75 and a 12-month high of $118.18.
Walt Disney (NYSE:DIS – Get Free Report) last posted its quarterly earnings data on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.04. The firm had revenue of $22.33 billion during the quarter, compared to analysts’ expectations of $22.50 billion. Walt Disney had a net margin of 2.56% and a return on equity of 6.45%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.09 EPS. Research analysts expect that The Walt Disney Company will post 3.68 earnings per share for the current fiscal year.
Insider Buying and Selling at Walt Disney
In other Walt Disney news, EVP Sonia L. Coleman sold 959 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total value of $85,398.95. Following the completion of the sale, the executive vice president now owns 961 shares in the company, valued at approximately $85,577.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.10% of the company’s stock.
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.
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