Optimum Investment Advisors boosted its holdings in Walt Disney Co (NYSE:DIS) by 10.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,810 shares of the entertainment giant’s stock after buying an additional 1,435 shares during the period. Optimum Investment Advisors’ holdings in Walt Disney were worth $1,930,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in DIS. Centerpoint Advisors LLC grew its position in shares of Walt Disney by 276.5% in the 2nd quarter. Centerpoint Advisors LLC now owns 192 shares of the entertainment giant’s stock valued at $27,000 after acquiring an additional 141 shares during the period. SRS Capital Advisors Inc. bought a new stake in shares of Walt Disney during the 2nd quarter worth about $39,000. Advocacy Wealth Management Services LLC boosted its holdings in shares of Walt Disney by 52.8% during the 3rd quarter. Advocacy Wealth Management Services LLC now owns 382 shares of the entertainment giant’s stock worth $50,000 after buying an additional 132 shares during the period. MRA Associates USA LLC bought a new stake in shares of Walt Disney during the 2nd quarter worth about $53,000. Finally, NewSquare Capital LLC raised its stake in Walt Disney by 24.9% in the 2nd quarter. NewSquare Capital LLC now owns 386 shares of the entertainment giant’s stock worth $54,000 after purchasing an additional 77 shares in the last quarter. Institutional investors and hedge funds own 68.42% of the company’s stock.
DIS has been the subject of several analyst reports. Imperial Capital dropped their price objective on shares of Walt Disney from $140.00 to $139.00 and set an “in-line” rating for the company in a research note on Thursday, September 19th. Tigress Financial reiterated a “buy” rating on shares of Walt Disney in a research note on Monday, August 26th. Wells Fargo & Co dropped their target price on shares of Walt Disney from $173.00 to $167.00 and set an “outperform” rating for the company in a research report on Friday. Sanford C. Bernstein set a $130.00 target price on shares of Walt Disney and gave the company a “hold” rating in a research report on Thursday, September 12th. Finally, Needham & Company LLC restated a “hold” rating on shares of Walt Disney in a research report on Friday, September 27th. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $150.47.
NYSE:DIS traded up $5.00 on Friday, reaching $137.96. 23,891,567 shares of the company’s stock were exchanged, compared to its average volume of 7,565,782. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.70 and a quick ratio of 0.67. The firm has a market cap of $248.52 billion, a price-to-earnings ratio of 19.49, a P/E/G ratio of 4.43 and a beta of 0.96. Walt Disney Co has a 52 week low of $100.35 and a 52 week high of $147.15. The stock has a fifty day simple moving average of $131.00 and a 200-day simple moving average of $136.12.
Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.12. The firm had revenue of $19.10 billion for the quarter, compared to the consensus estimate of $19.02 billion. Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. The company’s revenue for the quarter was up 33.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.48 earnings per share. As a group, sell-side analysts predict that Walt Disney Co will post 5.74 EPS for the current 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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