Riverpark Capital Management LLC Sells 23,609 Shares of Walt Disney Co (DIS)

Riverpark Capital Management LLC decreased its position in shares of Walt Disney Co (NYSE:DIS) by 7.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 277,616 shares of the entertainment giant’s stock after selling 23,609 shares during the quarter. Walt Disney comprises approximately 3.6% of Riverpark Capital Management LLC’s investment portfolio, making the stock its 5th biggest holding. Riverpark Capital Management LLC’s holdings in Walt Disney were worth $27,365,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DIS. ST Germain D J Co. Inc. boosted its stake in Walt Disney by 14.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 11,234 shares of the entertainment giant’s stock worth $1,194,000 after acquiring an additional 1,446 shares during the last quarter. Whitnell & Co. boosted its stake in Walt Disney by 4.9% during the 2nd quarter. Whitnell & Co. now owns 36,575 shares of the entertainment giant’s stock worth $3,886,000 after acquiring an additional 1,725 shares during the last quarter. Brave Asset Management Inc. boosted its stake in Walt Disney by 21.8% during the 2nd quarter. Brave Asset Management Inc. now owns 17,590 shares of the entertainment giant’s stock worth $1,869,000 after acquiring an additional 3,153 shares during the last quarter. Papp L Roy & Associates boosted its stake in Walt Disney by 1.2% during the 2nd quarter. Papp L Roy & Associates now owns 93,777 shares of the entertainment giant’s stock worth $9,964,000 after acquiring an additional 1,102 shares during the last quarter. Finally, Enterprise Financial Services Corp boosted its stake in Walt Disney by 7.0% during the 2nd quarter. Enterprise Financial Services Corp now owns 5,842 shares of the entertainment giant’s stock worth $621,000 after acquiring an additional 382 shares during the last quarter. 61.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of Walt Disney Co (NYSE:DIS) opened at $103.39 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. Walt Disney Co has a fifty-two week low of $96.20 and a fifty-two week high of $116.10. The stock has a market cap of $155,013.95, a P/E ratio of 17.07, a PEG ratio of 1.79 and a beta of 1.30.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.28. Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. The company had revenue of $15.35 billion for the quarter, compared to the consensus estimate of $15.47 billion. During the same period last year, the company earned $1.55 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. sell-side analysts predict that Walt Disney Co will post 6.8 EPS for the current fiscal year.

Several research firms recently weighed in on DIS. B. Riley reissued a “neutral” rating on shares of Walt Disney in a research note on Wednesday, November 1st. Bank of America reaffirmed a “buy” rating and issued a $144.00 price target (up previously from $130.00) on shares of Walt Disney in a research note on Wednesday, January 10th. Vetr lowered shares of Walt Disney from a “strong-buy” rating to a “buy” rating and set a $114.86 price target on the stock. in a research note on Tuesday. Jefferies Group reaffirmed a “hold” rating and issued a $103.77 price target (up previously from $102.68) on shares of Walt Disney in a research note on Friday, November 10th. Finally, Macquarie set a $125.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research note on Tuesday, February 6th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $118.61.

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About Walt Disney

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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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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