Captrust Financial Advisors purchased a new stake in shares of The Walt Disney Company (NYSE:DIS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 29,023 shares of the entertainment giant’s stock, valued at approximately $3,145,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in DIS. Icon Wealth Partners LLC purchased a new stake in The Walt Disney in the fourth quarter worth about $116,000. Almanack Investment Partners LLC. purchased a new stake in The Walt Disney in the fourth quarter worth about $118,000. Front Row Advisors LLC purchased a new stake in The Walt Disney in the fourth quarter worth about $122,000. Avestar Capital LLC purchased a new stake in The Walt Disney in the fourth quarter worth about $108,000. Finally, Cerebellum GP LLC purchased a new stake in The Walt Disney in the fourth quarter worth about $142,000. Institutional investors own 62.81% of the company’s stock.
DIS has been the topic of a number of recent research reports. Vetr upgraded shares of The Walt Disney from a “hold” rating to a “buy” rating and set a $115.53 price objective on the stock in a report on Monday, January 22nd. Loop Capital restated a “hold” rating and issued a $106.00 price objective on shares of The Walt Disney in a report on Monday, January 22nd. Barclays set a $105.00 price objective on shares of The Walt Disney and gave the stock a “hold” rating in a report on Tuesday, January 23rd. B. Riley restated a “hold” rating and issued a $122.00 price objective on shares of The Walt Disney in a report on Monday, January 29th. Finally, Morgan Stanley upped their price objective on shares of The Walt Disney from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The Walt Disney currently has an average rating of “Hold” and a consensus target price of $118.56.
Shares of The Walt Disney stock opened at $104.34 on Friday. The company has a market cap of $153.40 billion, a P/E ratio of 18.31, a P/E/G ratio of 1.45 and a beta of 1.29. The Walt Disney Company has a twelve month low of $103.16 and a twelve month high of $104.28. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.79 and a current ratio of 0.85.
The Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, May 8th. The entertainment giant reported $1.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.70 by $0.14. The company had revenue of $14.55 billion for the quarter, compared to the consensus estimate of $14.11 billion. The Walt Disney had a net margin of 20.16% and a return on equity of 21.13%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.50 earnings per share. research analysts anticipate that The Walt Disney Company will post 7.05 earnings per share for the current fiscal year.
The Walt Disney Company Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.
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