Torray LLC bought a new position in shares of The Walt Disney Co. (NYSE:DIS) during the second quarter, Holdings Channel reports. The fund bought 2,374 shares of the entertainment giant’s stock, valued at approximately $232,000.
Other large investors have also modified their holdings of the company. Bank of Montreal Can bought a new stake in shares of The Walt Disney during the second quarter worth $202,393,000. Emerald Acquisition Ltd. bought a new stake in shares of The Walt Disney during the second quarter worth $201,593,000. Nordea Investment Management AB boosted its stake 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 in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of 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 bought a new stake in shares of The Walt Disney during the first quarter worth $55,212,000. Institutional investors and hedge funds own 57.92% of the company’s stock.
The Walt Disney Co. (NYSE:DIS) traded up 1.42% during mid-day trading on Friday, reaching $93.10. 4,846,187 shares of the company were exchanged. The company has a market cap of $149.62 billion, a P/E ratio of 16.73 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 stock’s 50-day moving average is $94.28 and its 200-day moving average is $97.96.
The Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share for the quarter, beating the Zacks’ 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 earned $14.20 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same quarter last year, the company posted $1.45 EPS. The Walt Disney’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities analysts expect that The Walt Disney Co. will post $5.79 earnings per share for the current year.
A number of equities research analysts have weighed in on DIS shares. Sanford C. Bernstein reiterated a “market perform” rating on shares of The Walt Disney in a research report on Friday, June 17th. Morgan Stanley reiterated a “hold” rating on shares of The Walt Disney in a research report on Sunday, July 17th. Citigroup Inc. dropped their price target on shares of The Walt Disney from $120.00 to $117.00 and set a “buy” rating for the company in a research report on Thursday, August 11th. Hilliard Lyons upgraded shares of The Walt Disney to a “buy” rating in a research report on Thursday, August 25th. Finally, JPMorgan Chase & Co. reiterated 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 analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target 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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