Independence Advisors LLC lessened its position in Walt Disney Co (NYSE:DIS) by 20.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,007 shares of the entertainment giant’s stock after selling 999 shares during the period. Independence Advisors LLC’s holdings in Walt Disney were worth $387,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. TD Capital Management LLC acquired a new stake in shares of Walt Disney during the first quarter worth $29,000. Carolina Wealth Advisors LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth $31,000. Cox Capital Mgt LLC acquired a new stake in shares of Walt Disney during the first quarter worth $34,000. Marquette Asset Management LLC raised its position in shares of Walt Disney by 3,500.0% during the first quarter. Marquette Asset Management LLC now owns 360 shares of the entertainment giant’s stock worth $35,000 after purchasing an additional 350 shares during the period. Finally, Horan Securities Inc. acquired a new stake in shares of Walt Disney during the first quarter worth $36,000. 63.10% of the stock is currently owned by institutional investors.
DIS opened at $118.02 on Friday. The company has a market cap of $212.83 billion, a PE ratio of 39.87, a price-to-earnings-growth ratio of 11.04 and a beta of 1.08. The stock has a 50-day moving average of $104.80 and a 200-day moving average of $127.09. Walt Disney Co has a 52-week low of $79.07 and a 52-week 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.
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). Walt Disney had a return on equity of 9.09% and a net margin of 6.88%. The company had revenue of $18.01 billion for the quarter, compared to the consensus estimate of $17.49 billion. During the same quarter last year, the company posted $1.61 EPS. The business’s revenue was up 20.7% compared to the same quarter last year. On average, research analysts predict that Walt Disney Co will post 2.09 earnings per share for the current year.
DIS has been the topic of a number of recent analyst reports. Royal Bank of Canada cut their target price on Walt Disney from $110.00 to $108.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Guggenheim downgraded Walt Disney from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a report on Thursday, April 2nd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Walt Disney in a report on Friday, May 8th. Argus lowered their price target on Walt Disney from $160.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $130.00 price target on shares of Walt Disney in a report on Wednesday, May 6th. Fourteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $126.58.
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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