Appleton Partners Inc. MA decreased its holdings in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,976 shares of the entertainment giant’s stock after selling 429 shares during the period. Appleton Partners Inc. MA’s holdings in Walt Disney were worth $6,247,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of DIS. GW Henssler & Associates Ltd. increased its stake in Walt Disney by 2.0% in the 1st 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 in the last quarter. Ridgewood Investments LLC grew its holdings in Walt Disney by 31.0% in the first quarter. Ridgewood Investments LLC now owns 6,522 shares of the entertainment giant’s stock valued at $653,000 after purchasing an additional 1,544 shares during the last quarter. Handelsbanken Fonder AB increased its position 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 valued at $45,520,000 after buying an additional 27,767 shares in the last quarter. Regal Partners Ltd purchased a new position in shares of Walt Disney in the fourth quarter valued at $28,203,000. Finally, Summit Place Financial Advisors LLC raised its stake in shares of Walt Disney by 2.0% during the 1st quarter. Summit Place Financial Advisors LLC now owns 27,634 shares of the entertainment giant’s stock worth $2,767,000 after buying an additional 551 shares during the last quarter. 61.17% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
DIS has been the subject of several recent research reports. Barclays dropped their target price on shares of Walt Disney from $107.00 to $88.00 in a report on Wednesday, June 21st. Wells Fargo & Company cut their price objective on Walt Disney from $146.00 to $110.00 and set an “overweight” rating for the company in a research report on Tuesday, September 5th. Macquarie cut Walt Disney from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $125.00 to $103.00 in a report on Friday, May 19th. Rosenblatt Securities raised their price target on Walt Disney from $102.00 to $104.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Loop Capital reduced their price objective on Walt Disney from $120.00 to $110.00 in a research report on Monday, June 26th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $115.35.
Insider Buying and Selling
In other Walt Disney 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 transaction, the executive vice president now owns 961 shares in the company, valued at $85,577.05. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by corporate insiders.
Walt Disney Stock Performance
NYSE DIS opened at $85.58 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.00. The Walt Disney Company has a 1-year low of $79.75 and a 1-year high of $118.18. The firm has a market capitalization of $156.59 billion, a P/E ratio of 69.58, a P/E/G ratio of 1.68 and a beta of 1.28. The business’s 50-day simple moving average is $85.84 and its 200-day simple moving average is $91.80.
Walt Disney (NYSE:DIS – Get Free Report) last announced its quarterly earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. Walt Disney had a net margin of 2.56% and a return on equity of 6.45%. The firm had revenue of $22.33 billion for the quarter, compared to analysts’ expectations of $22.50 billion. During the same period in the previous year, the company posted $1.09 earnings per share. Walt Disney’s revenue was up 3.8% compared to the same quarter last year. Equities analysts predict that The Walt Disney Company will post 3.68 EPS 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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