Cottage Street Advisors LLC boosted its stake in shares of The Walt Disney Co. (NYSE:DIS) by 6.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,460 shares of the entertainment giant’s stock after buying an additional 1,190 shares during the period. The Walt Disney makes up about 1.5% of Cottage Street Advisors LLC’s portfolio, making the stock its 27th largest position. Cottage Street Advisors LLC’s holdings in The Walt Disney were worth $1,806,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in DIS. Opera Trading Capital purchased a new stake in The Walt Disney during the first quarter valued at approximately $158,000. Springbok Capital Management LLC increased its position in The Walt Disney by 109.5% in the first quarter. Springbok Capital Management LLC now owns 1,635 shares of the entertainment giant’s stock valued at $162,000 after buying an additional 18,835 shares during the period. Gierl Augustine Investment Management Inc increased its position in The Walt Disney by 7.7% in the second quarter. Gierl Augustine Investment Management Inc now owns 1,976 shares of the entertainment giant’s stock valued at $193,000 after buying an additional 141 shares during the period. MCF Advisors LLC increased its position in The Walt Disney by 11.5% in the first quarter. MCF Advisors LLC now owns 1,999 shares of the entertainment giant’s stock valued at $199,000 after buying an additional 206 shares during the period. Finally, Financial Strategy Network LLC bought a new position in The Walt Disney during the first quarter valued at about $214,000. 57.96% of the stock is owned by institutional investors and hedge funds.
The Walt Disney Co. (NYSE:DIS) traded down 0.51% during mid-day trading on Monday, hitting $90.83. 5,134,605 shares of the company were exchanged. The firm has a 50 day moving average price of $92.79 and a 200 day moving average price of $97.42. The Walt Disney Co. has a 12 month low of $86.25 and a 12 month high of $120.65. The stock has a market cap of $145.97 billion, a price-to-earnings ratio of 16.32 and a beta of 1.25.
The Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, August 9th. The entertainment giant reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.01. The business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.16 billion. The Walt Disney had a return on equity of 19.98% and a net margin of 16.48%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.45 earnings per share. Analysts anticipate that The Walt Disney Co. will post $5.78 EPS for the current fiscal year.
Several equities analysts have recently issued reports on the stock. Morgan Stanley restated a “hold” rating on shares of The Walt Disney in a report on Sunday, July 17th. BMO Capital Markets restated a “market perform” rating and set a $90.00 price objective (down previously from $95.00) on shares of The Walt Disney in a report on Monday. Royal Bank Of Canada restated a “hold” rating on shares of The Walt Disney in a report on Monday, June 27th. JPMorgan Chase & Co. restated an “overweight” rating and set a $118.00 price objective on shares of The Walt Disney in a report on Saturday, August 13th. Finally, Vetr downgraded shares of The Walt Disney from a “buy” rating to a “hold” rating and set a $101.25 price objective on the stock. in a report on Thursday, July 7th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The Walt Disney presently has a consensus rating of “Hold” and an average price target of $109.40.
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.
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