Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 17.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 512,536 shares of the entertainment giant’s stock after buying an additional 76,168 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Walt Disney were worth $45,758,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the business. Dark Forest Capital Management LP acquired a new position in Walt Disney during the first quarter valued at approximately $28,000. Worth Asset Management LLC acquired a new position in Walt Disney during the first quarter valued at approximately $29,000. MBM Wealth Consultants LLC grew its holdings in Walt Disney by 197.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after purchasing an additional 243 shares during the period. Fortis Capital Advisors LLC acquired a new position in Walt Disney during the fourth quarter valued at approximately $39,000. Finally, Steward Financial Group LLC acquired a new position in Walt Disney during the second quarter valued at approximately $42,000. Institutional investors and hedge funds own 61.17% of the company’s stock.
Wall Street Analysts Forecast Growth
DIS has been the subject of a number of analyst reports. UBS Group decreased their price objective on shares of Walt Disney from $122.00 to $110.00 and set a “buy” rating for the company in a report on Monday, October 16th. JPMorgan Chase & Co. cut their price target on shares of Walt Disney from $125.00 to $120.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 10th. Atlantic Securities lowered shares of Walt Disney from a “neutral” rating to an “underweight” rating and cut their price target for the company from $113.00 to $76.00 in a research note on Tuesday, July 25th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Walt Disney from $131.00 to $120.00 in a research note on Tuesday, August 8th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Walt Disney in a research note on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $113.30.
Walt Disney Stock Performance
NYSE DIS opened at $94.15 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.99 and a debt-to-equity ratio of 0.40. The firm’s fifty day moving average price is $83.95 and its two-hundred day moving average price is $87.21. The Walt Disney Company has a 1 year low of $78.73 and a 1 year high of $118.18. The firm has a market capitalization of $172.27 billion, a P/E ratio of 73.55, a price-to-earnings-growth ratio of 1.65 and a beta of 1.30.
Walt Disney (NYSE:DIS – Get Free Report) last posted its quarterly earnings results on Wednesday, November 8th. The entertainment giant reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.15. Walt Disney had a net margin of 2.65% and a return on equity of 7.31%. The firm had revenue of $21.24 billion for the quarter, compared to analyst estimates of $21.37 billion. During the same period in the prior year, the firm posted $0.30 earnings per share. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, research analysts anticipate that The Walt Disney Company will post 4.53 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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