Oxford Financial Group Ltd. increased its stake in The Walt Disney Company (NYSE:DIS – Free Report) by 20.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,019 shares of the entertainment giant’s stock after purchasing an additional 1,197 shares during the quarter. Oxford Financial Group Ltd.’s holdings in Walt Disney were worth $627,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich grew its stake in Walt Disney by 102,919.5% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 458,556,073 shares of the entertainment giant’s stock valued at $40,939,886,000 after acquiring an additional 458,110,957 shares in the last quarter. Morgan Stanley grew its position in shares of Walt Disney by 13.5% during 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 in the last quarter. Geode Capital Management LLC increased its holdings in shares of Walt Disney by 2.1% in the first quarter. Geode Capital Management LLC now owns 32,495,462 shares of the entertainment giant’s stock worth $3,245,185,000 after purchasing an additional 671,806 shares during the period. Moneta Group Investment Advisors LLC raised its position in shares of Walt Disney by 109,924.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock worth $2,056,126,000 after buying an additional 23,644,765 shares in the last quarter. Finally, Norges Bank bought a new stake in Walt Disney during the fourth quarter valued at $1,433,075,000. 61.17% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several analysts have weighed in on DIS shares. Citigroup lowered their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, August 16th. StockNews.com upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Credit Suisse Group decreased their price target on shares of Walt Disney from $126.00 to $122.00 and set an “outperform” rating on the stock in a report on Monday, August 21st. Sanford C. Bernstein started coverage on shares of Walt Disney in a report on Thursday, October 5th. They set an “outperform” rating and a $103.00 price objective for the company. Finally, Evercore ISI reduced their target price on Walt Disney from $130.00 to $110.00 and set an “outperform” rating on the stock in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $113.30.
Walt Disney Price Performance
Shares of DIS stock opened at $94.15 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.05 and a debt-to-equity ratio of 0.40. The stock has a market cap of $172.27 billion, a price-to-earnings ratio of 73.55, a PEG ratio of 1.65 and a beta of 1.30. The business’s fifty day moving average is $83.95 and its 200 day moving average is $87.21. The Walt Disney Company has a twelve month low of $78.73 and a twelve month high of $118.18.
Walt Disney (NYSE:DIS – Get Free Report) last announced its earnings results on Wednesday, November 8th. The entertainment giant reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.15. Walt Disney had a net margin of 2.65% and a return on equity of 7.31%. The business had revenue of $21.24 billion during the quarter, compared to the consensus estimate of $21.37 billion. During the same quarter last year, the firm earned $0.30 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. Research analysts expect that The Walt Disney Company will post 4.53 EPS for the current fiscal year.
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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