E&G Advisors LP increased its stake in Walt Disney Co (NYSE:DIS) by 2.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 7,000 shares of the entertainment giant’s stock after acquiring an additional 200 shares during the period. E&G Advisors LP’s holdings in Walt Disney were worth $912,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Centerpoint Advisors LLC boosted its position in shares of Walt Disney by 276.5% during the second quarter. Centerpoint Advisors LLC now owns 192 shares of the entertainment giant’s stock valued at $27,000 after buying an additional 141 shares during the period. SRS Capital Advisors Inc. purchased a new position in shares of Walt Disney during the second quarter valued at approximately $39,000. Advocacy Wealth Management Services LLC boosted its position in shares of Walt Disney by 52.8% during the third quarter. Advocacy Wealth Management Services LLC now owns 382 shares of the entertainment giant’s stock valued at $50,000 after buying an additional 132 shares during the period. MRA Associates USA LLC bought a new stake in shares of Walt Disney during the second quarter valued at approximately $53,000. Finally, NewSquare Capital LLC raised its stake in shares of Walt Disney by 24.9% during the second quarter. NewSquare Capital LLC now owns 386 shares of the entertainment giant’s stock valued at $54,000 after acquiring an additional 77 shares in the last quarter. Institutional investors own 68.40% of the company’s stock.
Several research firms have recently weighed in on DIS. Zacks Investment Research raised shares of Walt Disney from a “strong sell” rating to a “hold” rating and set a $120.00 price target for the company in a research note on Tuesday, July 9th. ValuEngine downgraded shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Moffett Nathanson set a $150.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research note on Wednesday, August 7th. Credit Suisse Group reaffirmed a “buy” rating and set a $150.00 price target on shares of Walt Disney in a research note on Thursday, August 8th. Finally, Bank of America set a $168.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research note on Monday, June 24th. Seven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $151.31.
Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.41). The business had revenue of $20.25 billion for the quarter, compared to analyst estimates of $21.40 billion. Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. The business’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.87 earnings per share. As a group, analysts predict that Walt Disney Co will post 5.74 EPS for the current fiscal year.
In other news, EVP Brent Woodford sold 2,200 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $146.68, for a total transaction of $322,696.00. Following the transaction, the executive vice president now directly owns 34,679 shares of the company’s stock, valued at $5,086,715.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.36% of the company’s stock.
Walt Disney Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
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