Walt Disney Co (NYSE:DIS) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its position in Walt Disney Co (NYSE:DIS) by 3.0% during the 1st quarter, Holdings Channel reports. The fund owned 5,685 shares of the entertainment giant’s stock after acquiring an additional 168 shares during the quarter. Apollon Wealth Management LLC’s holdings in Walt Disney were worth $549,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in Walt Disney by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 25,971,783 shares of the entertainment giant’s stock valued at $3,748,495,000 after purchasing an additional 548,830 shares during the last quarter. Norges Bank purchased a new position in Walt Disney in the fourth quarter valued at approximately $2,572,048,000. Charles Schwab Investment Management Inc. increased its stake in Walt Disney by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,269,782 shares of the entertainment giant’s stock valued at $1,196,059,000 after purchasing an additional 100,637 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Walt Disney by 7.1% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,768,687 shares of the entertainment giant’s stock valued at $750,455,000 after purchasing an additional 512,407 shares during the last quarter. Finally, Parnassus Investments CA increased its stake in Walt Disney by 1.2% in the fourth quarter. Parnassus Investments CA now owns 7,031,692 shares of the entertainment giant’s stock valued at $1,016,993,000 after purchasing an additional 85,048 shares during the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on DIS shares. SunTrust Banks raised their target price on shares of Walt Disney from $110.00 to $160.00 and gave the stock a “hold” rating in a research report on Tuesday, April 14th. BMO Capital Markets lowered their target price on shares of Walt Disney from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. Guggenheim lowered shares of Walt Disney from a “buy” rating to a “neutral” rating and set a $100.00 target price on the stock. in a research report on Thursday, April 2nd. Deutsche Bank lowered their target price on shares of Walt Disney from $147.00 to $128.00 and set a “hold” rating on the stock in a research report on Tuesday. Finally, TheStreet lowered shares of Walt Disney from a “b-” rating to a “c+” rating in a research report on Thursday, March 12th. Fourteen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $126.58.

Walt Disney stock opened at $118.02 on Friday. Walt Disney Co has a one year low of $79.07 and a one year high of $153.41. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.89 and a current ratio of 0.94. The business has a fifty day moving average of $104.80 and a two-hundred day moving average of $127.09. The company has a market cap of $212.83 billion, a P/E ratio of 39.87, a price-to-earnings-growth ratio of 11.04 and a beta of 1.08.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.23). The firm had revenue of $18.01 billion for the quarter, compared to analyst estimates of $17.49 billion. Walt Disney had a return on equity of 9.09% and a net margin of 6.88%. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period last year, the firm earned $1.61 EPS. Sell-side analysts predict that Walt Disney Co will post 2.09 EPS for the current year.

Walt Disney Company 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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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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