Phoenix Financial Ltd. lowered its position in The Walt Disney Company (NYSE:DIS - Free Report) by 24.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,674 shares of the entertainment giant's stock after selling 21,242 shares during the quarter. Phoenix Financial Ltd.'s holdings in Walt Disney were worth $8,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also bought and sold shares of DIS. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Walt Disney during the first quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. boosted its stake in shares of Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant's stock valued at $26,000 after purchasing an additional 94 shares during the period. Kessler Investment Group LLC boosted its stake in shares of Walt Disney by 274.0% during the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after purchasing an additional 200 shares during the period. Harbor Asset Planning Inc. purchased a new stake in shares of Walt Disney during the second quarter valued at approximately $37,000. Finally, RMG Wealth Management LLC purchased a new stake in shares of Walt Disney during the second quarter valued at approximately $49,000. Hedge funds and other institutional investors own 65.71% of the company's stock.
Walt Disney Price Performance
DIS opened at $112.01 on Tuesday. The stock has a fifty day simple moving average of $114.85 and a two-hundred day simple moving average of $111.19. 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 company has a market cap of $201.39 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The Walt Disney Company has a 12-month low of $80.10 and a 12-month high of $124.69.
Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 earnings per share. Research analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have recently weighed in on DIS. Citigroup increased their price objective on Walt Disney from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. UBS Group increased their price objective on Walt Disney from $120.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Jefferies Financial Group downgraded Walt Disney from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Rosenblatt Securities restated a "buy" rating and set a $141.00 target price on shares of Walt Disney in a report on Friday. Finally, Barclays upped their target price on Walt Disney from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Nineteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $132.90.
Check Out 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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