Cwm LLC raised its position in shares of The Walt Disney Co. (NYSE:DIS) by 12.0% during the second quarter, Holdings Channel reports. The fund owned 2,873 shares of the entertainment giant’s stock after buying an additional 308 shares during the period. Cwm LLC’s holdings in The Walt Disney were worth $281,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in DIS. Nordea Investment Management AB raised its position in shares of 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 during 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 valued at $1,091,702,000 after buying an additional 674,334 shares in the last quarter. Virginia Retirement System purchased a new stake in The Walt Disney during the first quarter valued at about $55,212,000. Teachers Advisors Inc. raised its stake in The Walt Disney by 18.6% in the first quarter. Teachers Advisors Inc. now owns 3,391,402 shares of the entertainment giant’s stock valued at $336,800,000 after buying an additional 532,267 shares in the last quarter. Finally, Swedbank raised its stake in The Walt Disney by 19.0% in the second quarter. Swedbank now owns 2,670,407 shares of the entertainment giant’s stock valued at $261,219,000 after buying an additional 425,902 shares in the last quarter. 57.92% of the stock is currently owned by institutional investors.
Shares of The Walt Disney Co. (NYSE:DIS) traded down 0.37% on Friday, reaching $92.49. The company’s stock had a trading volume of 6,144,089 shares. The Walt Disney Co. has a 1-year low of $86.25 and a 1-year high of $120.65. The stock has a market cap of $148.64 billion, a PE ratio of 16.62 and a beta of 1.25. The company’s 50 day moving average is $93.53 and its 200-day moving average is $97.70.
The Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.01. The company earned $14.20 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm earned $1.45 EPS. On average, equities analysts predict that The Walt Disney Co. will post $5.78 earnings per share for the current fiscal year.
DIS has been the topic of several research reports. Stifel Nicolaus lowered The Walt Disney from a “buy” rating to a “hold” rating and set a $110.00 price target on the stock. in a research report on Wednesday, July 20th. They noted that the move was a valuation call. Barclays PLC reissued an “underweight” rating and set a $89.00 price target on shares of The Walt Disney in a research report on Thursday, June 30th. Citigroup Inc. dropped their price target on The Walt Disney from $120.00 to $117.00 and set a “buy” rating on the stock in a research report on Thursday, August 11th. Morgan Stanley upped their price target on The Walt Disney from $100.00 to $105.00 and gave the company an “equal weight” rating in a research report on Thursday, July 14th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $118.00 price target on shares of The Walt Disney in a research report on Saturday, August 13th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $109.71.
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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