ZRC Wealth Management LLC lessened its holdings in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 57.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 439 shares of the entertainment giant’s stock after selling 600 shares during the quarter. ZRC Wealth Management LLC’s holdings in Walt Disney were worth $39,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GW Henssler & Associates Ltd. raised its position in shares of Walt Disney by 2.0% in the first quarter. GW Henssler & Associates Ltd. now owns 6,825 shares of the entertainment giant’s stock valued at $683,000 after purchasing an additional 133 shares during the period. Ridgewood Investments LLC grew its stake in shares of Walt Disney by 31.0% in the first quarter. Ridgewood Investments LLC now owns 6,522 shares of the entertainment giant’s stock worth $653,000 after acquiring an additional 1,544 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of Walt Disney by 6.5% in the first quarter. Handelsbanken Fonder AB now owns 454,608 shares of the entertainment giant’s stock worth $45,520,000 after acquiring an additional 27,767 shares during the last quarter. Regal Partners Ltd acquired a new stake in shares of Walt Disney in the fourth quarter worth $28,203,000. Finally, Summit Place Financial Advisors LLC grew its stake in shares of Walt Disney by 2.0% in the first quarter. Summit Place Financial Advisors LLC now owns 27,634 shares of the entertainment giant’s stock worth $2,767,000 after acquiring an additional 551 shares during the last quarter. Institutional investors own 61.17% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the stock. Truist Financial restated a “buy” rating and issued a $105.00 price objective on shares of Walt Disney in a research note on Monday, August 21st. Wells Fargo & Company lowered their price objective on shares of Walt Disney from $146.00 to $110.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 5th. Citigroup lowered their price objective on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, August 16th. Barclays lowered their price objective on shares of Walt Disney from $107.00 to $88.00 in a research note on Wednesday, June 21st. Finally, Macquarie downgraded shares of Walt Disney from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $125.00 to $103.00 in a research note on Friday, May 19th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $115.35.
Insider Transactions at Walt Disney
In other news, EVP Sonia L. Coleman sold 959 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $89.05, for a total transaction of $85,398.95. Following the completion of 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 filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company’s stock.
Walt Disney Stock Performance
Shares of NYSE:DIS opened at $84.48 on Friday. The stock has a market capitalization of $154.58 billion, a P/E ratio of 68.68, a P/E/G ratio of 1.68 and a beta of 1.28. The Walt Disney Company has a 1-year low of $79.75 and a 1-year high of $118.18. The company has a current ratio of 1.07, a quick ratio of 1.00 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $85.92 and a two-hundred day moving average price of $91.85.
Walt Disney (NYSE:DIS – Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $22.33 billion during the quarter, compared to analysts’ expectations of $22.50 billion. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.09 EPS. Equities analysts predict that The Walt Disney Company will post 3.68 earnings per share for the current year.
Walt Disney 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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