Corundum Group Inc. cut its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 50.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,698 shares of the entertainment giant's stock after selling 6,903 shares during the period. Corundum Group Inc.'s holdings in Walt Disney were worth $661,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Mpwm Advisory Solutions LLC acquired a new stake in shares of Walt Disney in the fourth quarter valued at $27,000. Tacita Capital Inc grew its holdings in Walt Disney by 93.2% during the 4th quarter. Tacita Capital Inc now owns 257 shares of the entertainment giant's stock worth $29,000 after acquiring an additional 124 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Walt Disney in the 4th quarter valued at about $32,000. Copia Wealth Management acquired a new stake in Walt Disney in the 4th quarter valued at about $36,000. Finally, Vision Financial Markets LLC bought a new position in shares of Walt Disney in the fourth quarter worth about $39,000. 65.71% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Walt Disney
In other news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the sale, the executive vice president now owns 46,831 shares of the company's stock, valued at $5,190,748.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.16% of the company's stock.
Walt Disney Stock Up 0.7%
Shares of NYSE:DIS traded up $0.88 during midday trading on Wednesday, reaching $119.53. 6,972,774 shares of the company were exchanged, compared to its average volume of 10,097,298. The firm has a market cap of $214.89 billion, a PE ratio of 24.44, a P/E/G ratio of 1.73 and a beta of 1.54. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $120.50. The stock has a fifty day simple moving average of $106.03 and a two-hundred day simple moving average of $105.83. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34.
Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.24. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. Walt Disney's quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company earned $1.21 earnings per share. As a group, sell-side analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.
Analysts Set New Price Targets
Several research analysts have issued reports on DIS shares. Loop Capital upped their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Barclays upped their price target on Walt Disney from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Wolfe Research upgraded Walt Disney from a "peer perform" rating to an "outperform" rating and set a $112.00 price objective for the company in a research report on Monday, April 21st. Needham & Company LLC reissued a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. Finally, UBS Group raised their target price on shares of Walt Disney from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Walt Disney currently has an average rating of "Moderate Buy" and an average price target of $123.96.
View Our Latest Research Report on DIS
Walt Disney Profile
(
Free Report)
The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.
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