Silversage Advisors Purchases New Stake in Walt Disney Co (NYSE:DIS)

Silversage Advisors bought a new position in Walt Disney Co (NYSE:DIS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,979 shares of the entertainment giant’s stock, valued at approximately $281,000. Walt Disney comprises about 0.3% of Silversage Advisors’ investment portfolio, making the stock its 26th largest position.

Several other hedge funds also recently modified their holdings of DIS. TD Capital Management LLC bought a new stake in Walt Disney during the first quarter valued at $29,000. Carolina Wealth Advisors LLC raised its stake in Walt Disney by 53.3% during the first quarter. Carolina Wealth Advisors LLC now owns 328 shares of the entertainment giant’s stock worth $32,000 after acquiring an additional 114 shares during the period. Sofos Investments Inc. lifted its holdings in Walt Disney by 238.5% in the first quarter. Sofos Investments Inc. now owns 1,300 shares of the entertainment giant’s stock worth $33,000 after acquiring an additional 916 shares during the last quarter. Marquette Asset Management LLC boosted its stake in Walt Disney by 3,500.0% in the first quarter. Marquette Asset Management LLC now owns 360 shares of the entertainment giant’s stock valued at $35,000 after acquiring an additional 350 shares during the period. Finally, Horan Securities Inc. bought a new position in shares of Walt Disney during the first quarter valued at approximately $36,000. 62.66% of the stock is currently owned by institutional investors and hedge funds.

Shares of Walt Disney stock opened at $116.94 on Friday. The stock has a 50-day simple moving average of $115.68 and a 200-day simple moving average of $117.27. Walt Disney Co has a 52-week low of $79.07 and a 52-week high of $153.41. The firm has a market cap of $208.91 billion, a price-to-earnings ratio of 25.42, a P/E/G ratio of 13.36 and a beta of 1.10. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.94 and a quick ratio of 0.89.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.23). The business had revenue of $18.01 billion during the quarter, compared to the consensus estimate of $17.49 billion. Walt Disney had a return on equity of 9.09% and a net margin of 6.88%. The business’s revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.61 earnings per share. As a group, equities research analysts predict that Walt Disney Co will post 1.38 earnings per share for the current year.

A number of research analysts recently issued reports on DIS shares. Zacks Investment Research lowered Walt Disney from a “hold” rating to a “strong sell” rating and set a $124.00 price objective for the company. in a research report on Wednesday, June 17th. Credit Suisse Group downgraded shares of Walt Disney from an “outperform” rating to a “neutral” rating and set a $116.00 price target for the company. in a report on Monday, April 20th. Macquarie reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Walt Disney in a report on Friday, June 19th. SunTrust Banks boosted their target price on shares of Walt Disney from $110.00 to $160.00 and gave the company a “hold” rating in a research note on Tuesday, April 14th. Finally, Moffett Nathanson cut shares of Walt Disney from a “buy” rating to a “neutral” rating and set a $112.00 target price for the company. in a research report on Monday, May 4th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $125.35.

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

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