Macguire Cheswick & Tuttle Investment Counsel LLC raised its stake in Walt Disney Company (The) (NYSE:DIS) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,790 shares of the entertainment giant’s stock after purchasing an additional 725 shares during the quarter. Macguire Cheswick & Tuttle Investment Counsel LLC’s holdings in Walt Disney Company (The) were worth $4,440,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Lee Financial Co grew its stake in Walt Disney Company (The) by 7.6% in the second quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock worth $112,000 after purchasing an additional 74 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new position in Walt Disney Company (The) in the first quarter valued at approximately $144,000. Paragon Capital Management Ltd acquired a new position in Walt Disney Company (The) in the first quarter valued at approximately $200,000. Weybosset Research & Management LLC boosted its stake in Walt Disney Company (The) by 2.6% in the second quarter. Weybosset Research & Management LLC now owns 2,000 shares of the entertainment giant’s stock valued at $213,000 after acquiring an additional 50 shares during the period. Finally, Anchor Capital Advisors LLC boosted its stake in Walt Disney Company (The) by 1.6% in the second quarter. Anchor Capital Advisors LLC now owns 2,062 shares of the entertainment giant’s stock valued at $219,000 after acquiring an additional 32 shares during the period. 61.41% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently weighed in on DIS shares. Vetr cut Walt Disney Company (The) from a “buy” rating to a “hold” rating and set a $110.54 price target on the stock. in a report on Thursday, July 27th. BidaskClub raised Walt Disney Company (The) from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Credit Suisse Group reaffirmed an “outperform” rating and set a $125.00 price target on shares of Walt Disney Company (The) in a report on Tuesday, July 25th. FBR & Co cut their price target on Walt Disney Company (The) from $114.00 to $112.00 and set a “market perform” rating on the stock in a report on Wednesday, August 9th. Finally, Piper Jaffray Companies set a $130.00 target price on Walt Disney Company (The) and gave the stock a “buy” rating in a report on Wednesday, August 9th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $113.85.
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In related news, Director Maria Elena Lagomasino purchased 976 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average price of $102.34 per share, for a total transaction of $99,883.84. Following the completion of the acquisition, the director now directly owns 7,513 shares in the company, valued at approximately $768,880.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 13.00% of the stock is currently owned by company insiders.
Shares of Walt Disney Company (NYSE DIS) opened at 98.04 on Tuesday. The company has a market capitalization of $151.32 billion, a price-to-earnings ratio of 17.39 and a beta of 1.40. The stock has a 50 day moving average of $98.72 and a 200-day moving average of $104.63. Walt Disney Company has a 1-year low of $91.66 and a 1-year high of $116.10.
Walt Disney Company (The) (NYSE:DIS) last issued its earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a net margin of 16.22% and a return on equity of 19.69%. The firm had revenue of $14.24 billion for the quarter, compared to analysts’ expectations of $14.44 billion. During the same quarter last year, the business earned $1.62 earnings per share. The business’s revenue was down .3% on a year-over-year basis. Analysts forecast that Walt Disney Company will post $5.77 earnings per share for the current year.
Walt Disney Company (The) 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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