Los Angeles Capital Management LLC grew its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 1,203.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 379,000 shares of the entertainment giant's stock after buying an additional 349,929 shares during the period. Los Angeles Capital Management LLC's holdings in Walt Disney were worth $37,407,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of Walt Disney in the fourth quarter worth $27,000. Kessler Investment Group LLC lifted its position in Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock worth $27,000 after acquiring an additional 200 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Walt Disney during the 4th quarter worth approximately $32,000. Copia Wealth Management acquired a new position in Walt Disney during the 4th quarter worth approximately $36,000. Finally, Vermillion Wealth Management Inc. acquired a new position in Walt Disney during the 4th quarter worth approximately $39,000. 65.71% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts have issued reports on the company. Needham & Company LLC restated a "buy" rating and set a $125.00 price objective on shares of Walt Disney in a report on Thursday, May 8th. Loop Capital boosted their price target on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Barclays boosted their price target on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Wall Street Zen downgraded Walt Disney from a "strong-buy" rating to a "buy" rating in a report on Sunday. Finally, UBS Group boosted their price objective on Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Walt Disney has an average rating of "Moderate Buy" and an average target price of $128.13.
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Walt Disney Trading Down 0.7%
Shares of NYSE:DIS traded down $0.85 during midday trading on Friday, hitting $121.36. The company had a trading volume of 9,472,100 shares, compared to its average volume of 10,008,257. The Walt Disney Company has a 12 month low of $80.10 and a 12 month high of $124.69. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The stock has a market cap of $218.17 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 1.78 and a beta of 1.56. The firm has a fifty day simple moving average of $117.00 and a 200 day simple moving average of $106.97.
Walt Disney (NYSE:DIS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.24. The firm had revenue of $23.62 billion for the quarter, compared to analyst estimates of $23.15 billion. Walt Disney had a return on equity of 9.99% and a net margin of 9.47%. The company's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 earnings per share. On average, analysts predict that The Walt Disney Company will post 5.47 EPS for the current year.
Insider Activity
In other Walt Disney news, EVP Brent Woodford sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $110.84, for a total transaction of $110,840.00. Following the transaction, the executive vice president owned 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.16% of the company's stock.
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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