Capital Planning Advisors LLC continued to hold its position in The Walt Disney Co. (NYSE:DIS) during the second quarter, Holdings Channel reports. The institutional investor owned 2,211 shares of the entertainment giant’s stock at the end of the second quarter. Capital Planning Advisors LLC’s holdings in The Walt Disney were worth $216,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. Oakworth Capital Inc. raised its position in The Walt Disney by 40.5% in the second quarter. Oakworth Capital Inc. now owns 61,753 shares of the entertainment giant’s stock worth $6,127,000 after buying an additional 17,799 shares during the period. Mizuho Securities USA Inc. bought a new position in shares of The Walt Disney during the second quarter valued at $585,000. Delta Asset Management LLC TN raised its position in shares of The Walt Disney by 0.5% in the second quarter. Delta Asset Management LLC TN now owns 239,572 shares of the entertainment giant’s stock valued at $23,435,000 after buying an additional 1,077 shares during the last quarter. Duncker Streett & Co. Inc. raised its position in shares of The Walt Disney by 5.9% in the second quarter. Duncker Streett & Co. Inc. now owns 10,490 shares of the entertainment giant’s stock valued at $1,026,000 after buying an additional 580 shares during the last quarter. Finally, Willingdon Wealth Management raised its position in shares of The Walt Disney by 7.7% in the second quarter. Willingdon Wealth Management now owns 35,724 shares of the entertainment giant’s stock valued at $3,495,000 after buying an additional 2,565 shares during the last quarter. Institutional investors own 57.92% of the company’s stock.
Shares of The Walt Disney Co. (NYSE:DIS) traded up 1.15% during midday trading on Friday, reaching $92.86. The company’s stock had a trading volume of 8,923,683 shares. The stock has a 50-day moving average of $94.14 and a 200 day moving average of $97.92. The company has a market cap of $149.24 billion, a price-to-earnings ratio of 16.69 and a beta of 1.28. The Walt Disney Co. has a 12 month low of $86.25 and a 12 month high of $120.65.
The Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.01. The Walt Disney had a return on equity of 19.98% and a net margin of 16.48%. The business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same quarter in the prior year, the firm posted $1.45 earnings per share. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, analysts predict that The Walt Disney Co. will post $5.79 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on DIS. Zacks Investment Research lowered shares of The Walt Disney from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Morgan Stanley increased their price objective on shares of The Walt Disney from $100.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday, July 14th. FBR & Co reiterated an “outperform” rating and set a $111.00 price objective on shares of The Walt Disney in a report on Tuesday, June 21st. Stifel Nicolaus lowered shares of The Walt Disney from a “buy” rating to a “hold” rating and set a $110.00 price objective on the stock. in a report on Wednesday, July 20th. They noted that the move was a valuation call. Finally, Brean Capital assumed coverage on shares of The Walt Disney in a report on Wednesday, July 6th. They set a “hold” rating and a $100.00 price objective on the stock. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The Walt Disney currently has an average rating of “Hold” and a consensus target price of $109.71.
About The Walt Disney
The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.
Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Co. (NYSE:DIS).
Receive News & Ratings for The Walt Disney Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Walt Disney Co. and related companies with MarketBeat.com's FREE daily email newsletter.