Pacad Investment Ltd. acquired a new stake in shares of Walt Disney Co (NYSE:DIS) during the fourth quarter, Holdings Channel reports. The fund acquired 20,405 shares of the entertainment giant’s stock, valued at approximately $2,127,000.
Several other large investors have also added to or reduced their stakes in DIS. Liberty Capital Management Inc. boosted its stake in Walt Disney by 8.2% in the third quarter. Liberty Capital Management Inc. now owns 27,477 shares of the entertainment giant’s stock valued at $2,544,000 after buying an additional 2,085 shares during the period. Independence Advisors LLC acquired a new stake in Walt Disney during the third quarter valued at approximately $382,000. Deane Retirement Strategies Inc. boosted its stake in Walt Disney by 4,578.7% in the third quarter. Deane Retirement Strategies Inc. now owns 25,078 shares of the entertainment giant’s stock valued at $2,328,000 after buying an additional 24,542 shares during the period. First American Bank boosted its stake in Walt Disney by 1.3% in the third quarter. First American Bank now owns 101,619 shares of the entertainment giant’s stock valued at $9,436,000 after buying an additional 1,294 shares during the period. Finally, Woodstock Corp boosted its stake in Walt Disney by 1.1% in the third quarter. Woodstock Corp now owns 88,478 shares of the entertainment giant’s stock valued at $8,216,000 after buying an additional 950 shares during the period. 58.65% of the stock is currently owned by institutional investors.
Walt Disney Co (NYSE:DIS) opened at 112.14 on Monday. The firm’s 50-day moving average price is $110.72 and its 200 day moving average price is $101.92. The stock has a market cap of $177.32 billion, a PE ratio of 20.24 and a beta of 1.25. Walt Disney Co has a 12-month low of $90.32 and a 12-month high of $113.16.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, February 7th. The entertainment giant reported $1.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.05. The business earned $14.78 billion during the quarter, compared to analysts’ expectations of $15.30 billion. Walt Disney had a return on equity of 19.43% and a net margin of 16.29%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 EPS. Analysts anticipate that Walt Disney Co will post $5.94 EPS for the current year.
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DIS has been the topic of several recent analyst reports. Argus reaffirmed a “buy” rating and set a $129.00 price objective on shares of Walt Disney in a research report on Wednesday, November 30th. Sanford C. Bernstein reaffirmed a “hold” rating and set a $102.00 price objective on shares of Walt Disney in a research report on Thursday, December 1st. Deutsche Bank AG raised Walt Disney from a “hold” rating to a “buy” rating and set a $112.00 price objective on the stock in a research report on Sunday, December 4th. Brean Capital reaffirmed a “hold” rating and set a $108.00 price objective (up from $100.00) on shares of Walt Disney in a research report on Tuesday, December 6th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $101.00 price objective on shares of Walt Disney in a research report on Tuesday, December 6th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $115.33.
In other news, EVP Brent Woodford sold 2,000 shares of the business’s stock in a transaction dated Friday, January 6th. The stock was sold at an average price of $108.50, for a total value of $217,000.00. Following the completion of the transaction, the executive vice president now owns 27,745 shares of the company’s stock, valued at approximately $3,010,332.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 6,000 shares of company stock valued at $651,000. Insiders own 13.00% of the company’s stock.
Walt Disney Company Profile
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
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