Haverford Financial Services Inc. decreased its stake in shares of The Walt Disney Co. (NYSE:DIS) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,759 shares of the entertainment giant’s stock after selling 1,044 shares during the period. The Walt Disney makes up about 3.5% of Haverford Financial Services Inc.’s investment portfolio, making the stock its 12th largest position. Haverford Financial Services Inc.’s holdings in The Walt Disney were worth $8,291,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of DIS. Bank of Montreal Can purchased a new stake in The Walt Disney during the second quarter worth $202,393,000. Emerald Acquisition Ltd. purchased a new stake in The Walt Disney during the second quarter worth $201,593,000. Nordea Investment Management AB raised its stake in The Walt Disney by 430.0% in the second quarter. Nordea Investment Management AB now owns 2,156,556 shares of the entertainment giant’s stock worth $210,954,000 after buying an additional 1,749,646 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in The Walt Disney by 6.5% in the first quarter. TIAA CREF Investment Management LLC now owns 10,992,868 shares of the entertainment giant’s stock worth $1,091,702,000 after buying an additional 674,334 shares in the last quarter. Finally, Virginia Retirement System purchased a new stake in The Walt Disney during the first quarter worth $55,212,000. Institutional investors and hedge funds own 57.92% of the company’s stock.
Shares of The Walt Disney Co. (NYSE:DIS) traded down 0.15% during mid-day trading on Friday, hitting $93.27. 4,375,988 shares of the stock traded hands. 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 $149.89 billion, a price-to-earnings ratio of 16.76 and a beta of 1.28. The firm has a 50 day moving average of $94.86 and a 200 day moving average of $98.17.
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 Zacks’ consensus estimate of $1.61 by $0.01. The Walt Disney had a net margin of 16.48% and a return on equity of 19.98%. 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 business posted $1.45 EPS. The Walt Disney’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, equities analysts expect that The Walt Disney Co. will post $5.79 EPS for the current fiscal year.
A number of analysts have recently weighed in on the stock. Morgan Stanley reiterated a “hold” rating on shares of The Walt Disney in a report on Sunday, July 17th. FBR & Co reiterated a “hold” rating on shares of The Walt Disney in a report on Sunday, September 4th. Wells Fargo & Co. lowered shares of The Walt Disney to a “hold” rating in a report on Thursday, August 25th. Credit Agricole SA decreased their price target on shares of The Walt Disney from $115.00 to $108.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $108.00 price target (down from $109.00) on shares of The Walt Disney in a research note on Thursday, August 11th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $109.77.
The Walt Disney Company Profile
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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