LGL Partners LLC held its position in The Walt Disney Co. (NYSE:DIS) during the second quarter, Holdings Channel reports. The fund owned 4,131 shares of the entertainment giant’s stock at the end of the second quarter. LGL Partners LLC’s holdings in The Walt Disney were worth $407,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. CI Investments Inc. purchased a new position in The Walt Disney during the second quarter valued at $42,718,000. Financial Advisory Group boosted its position in The Walt Disney by 2.2% in the second quarter. Financial Advisory Group now owns 8,087 shares of the entertainment giant’s stock valued at $791,000 after buying an additional 171 shares during the last quarter. NBT Bank N A NY boosted its position in The Walt Disney by 6.8% in the second quarter. NBT Bank N A NY now owns 84,314 shares of the entertainment giant’s stock valued at $8,247,000 after buying an additional 5,391 shares during the last quarter. GSA Capital Partners LLP boosted its position in The Walt Disney by 112.5% in the second quarter. GSA Capital Partners LLP now owns 43,953 shares of the entertainment giant’s stock valued at $4,299,000 after buying an additional 23,274 shares during the last quarter. Finally, Fernwood Investment Management LLC purchased a new position in The Walt Disney during the second quarter valued at $212,000. 57.92% of the stock is currently owned by hedge funds and other institutional investors.
Shares of The Walt Disney Co. (NYSE:DIS) traded down 0.299% during trading on Tuesday, hitting $91.685. The stock had a trading volume of 5,979,865 shares. The stock’s 50 day moving average price is $94.70 and its 200-day moving average price is $98.09. The stock has a market cap of $147.35 billion, a P/E ratio of 16.478 and a beta of 1.28. The Walt Disney Co. has a one year low of $86.25 and a one year high of $120.65.
The Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.01. The firm earned $14.20 billion during the quarter, compared to analysts’ expectations of $14.16 billion. The Walt Disney had a net margin of 16.48% and a return on equity of 19.98%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company posted $1.45 EPS. Analysts expect that The Walt Disney Co. will post $5.79 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on the company. Drexel Hamilton cut The Walt Disney from a “buy” rating to a “hold” rating and lowered their price target for the company from $112.00 to $102.00 in a report on Monday. Credit Agricole SA lowered their price target on The Walt Disney from $115.00 to $108.00 and set an “outperform” rating on the stock in a report on Friday. Jefferies Group reaffirmed a “hold” rating and issued a $92.00 target price on shares of The Walt Disney in a report on Thursday, September 22nd. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of The Walt Disney in a report on Sunday, September 4th. Finally, FBR & Co reaffirmed a “hold” rating on shares of The Walt Disney in a report on Sunday, September 4th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The Walt Disney presently has a consensus rating of “Hold” and a consensus price target of $109.57.
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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