Park National Corp OH lessened its stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 7.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 44,330 shares of the entertainment giant's stock after selling 3,366 shares during the period. Park National Corp OH's holdings in Walt Disney were worth $5,497,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in Walt Disney in the 1st quarter worth about $26,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Walt Disney in the fourth quarter worth about $27,000. Kessler Investment Group LLC increased its position in shares of Walt Disney by 274.0% in the first 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. Copia Wealth Management acquired a new stake in shares of Walt Disney during the fourth quarter valued at approximately $36,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in shares of Walt Disney in the 4th quarter valued at approximately $39,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.
Walt Disney Stock Down 0.9%
NYSE DIS traded down $1.06 during trading on Friday, reaching $116.02. The company's stock had a trading volume of 7,638,964 shares, compared to its average volume of 6,004,555. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $208.60 billion, a PE ratio of 18.18, a PEG ratio of 1.68 and a beta of 1.55. The Walt Disney Company has a 1-year low of $80.10 and a 1-year high of $124.69. The business has a 50-day moving average price of $118.34 and a 200-day moving average price of $108.99.
Walt Disney (NYSE:DIS - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. Walt Disney's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.39 EPS. On average, research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have issued reports on DIS shares. Susquehanna reissued a "neutral" rating on shares of Walt Disney in a research note on Monday, August 11th. Needham & Company LLC reissued a "buy" rating and set a $125.00 price target on shares of Walt Disney in a research report on Thursday, September 4th. Keefe, Bruyette & Woods reissued a "market perform" rating on shares of Walt Disney in a research note on Monday, August 11th. Loop Capital lifted their target price on Walt Disney from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, JPMorgan Chase & Co. increased their price target on shares of Walt Disney from $130.00 to $138.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, Walt Disney currently has an average rating of "Moderate Buy" and a consensus price target of $131.18.
Read Our Latest Stock Report on Walt Disney
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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