Envestnet Asset Management Inc. lifted its position in shares of Walt Disney Co (NYSE:DIS) by 8.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,121,032 shares of the entertainment giant’s stock after acquiring an additional 84,602 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.06% of Walt Disney worth $146,093,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in DIS. Phocas Financial Corp. raised its position in shares of Walt Disney by 1,011,623.0% during the second quarter. Phocas Financial Corp. now owns 65,691,172 shares of the entertainment giant’s stock worth $917,000 after acquiring an additional 65,684,679 shares during the last quarter. Nuveen Asset Management LLC raised its position in shares of Walt Disney by 6,385.2% during the second quarter. Nuveen Asset Management LLC now owns 16,253,462 shares of the entertainment giant’s stock worth $2,269,633,000 after acquiring an additional 16,002,838 shares during the last quarter. Jennison Associates LLC raised its position in shares of Walt Disney by 2,490.8% during the second quarter. Jennison Associates LLC now owns 7,164,008 shares of the entertainment giant’s stock worth $1,000,382,000 after acquiring an additional 6,887,494 shares during the last quarter. Morgan Stanley raised its position in shares of Walt Disney by 29.9% during the second quarter. Morgan Stanley now owns 27,743,170 shares of the entertainment giant’s stock worth $3,874,059,000 after acquiring an additional 6,386,504 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Walt Disney by 3.3% during the second quarter. Vanguard Group Inc. now owns 131,103,772 shares of the entertainment giant’s stock worth $18,307,330,000 after acquiring an additional 4,142,604 shares during the last quarter. Institutional investors own 68.47% of the company’s stock.
In other Walt Disney news, EVP Brent Woodford sold 2,200 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $146.68, for a total value of $322,696.00. Following the completion of the sale, the executive vice president now directly owns 34,679 shares in the company, valued at $5,086,715.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.36% of the stock is owned by corporate insiders.
A number of equities research analysts have recently weighed in on the company. Moffett Nathanson set a $150.00 target price on Walt Disney and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Credit Suisse Group restated a “buy” rating and set a $150.00 target price on shares of Walt Disney in a research report on Thursday, August 8th. Zacks Investment Research upgraded Walt Disney from a “strong sell” rating to a “hold” rating and set a $120.00 price objective for the company in a report on Tuesday, July 9th. Imperial Capital dropped their price objective on Walt Disney from $140.00 to $139.00 and set an “in-line” rating for the company in a report on Thursday, September 19th. Finally, Tigress Financial reiterated a “buy” rating on shares of Walt Disney in a report on Monday, August 26th. Seven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $151.31.
Shares of Walt Disney stock opened at $130.89 on Friday. Walt Disney Co has a 1 year low of $100.35 and a 1 year high of $147.15. The business has a 50-day moving average of $133.43 and a two-hundred day moving average of $135.08. The company has a market capitalization of $238.45 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 4.44 and a beta of 0.96. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.70 and a quick ratio of 0.67.
Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.41). Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. The business had revenue of $20.25 billion during the quarter, compared to the consensus estimate of $21.40 billion. During the same quarter last year, the company earned $1.87 earnings per share. The firm’s revenue was up 32.9% compared to the same quarter last year. On average, equities analysts anticipate that Walt Disney Co will post 5.74 EPS for the current fiscal year.
Walt Disney Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
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