Gradient Investments LLC Boosts Stake in Walt Disney Co (DIS)
Gradient Investments LLC boosted its stake in Walt Disney Co (NYSE:DIS) by 2.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,636 shares of the entertainment giant’s stock after buying an additional 112 shares during the period. Gradient Investments LLC’s holdings in Walt Disney were worth $526,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Summit Financial Strategies Inc. boosted its position in Walt Disney by 0.9% in the fourth quarter. Summit Financial Strategies Inc. now owns 2,173 shares of the entertainment giant’s stock worth $226,000 after buying an additional 20 shares during the last quarter. Stearns Financial Services Group boosted its position in Walt Disney by 0.8% in the fourth quarter. Stearns Financial Services Group now owns 3,195 shares of the entertainment giant’s stock worth $333,000 after buying an additional 25 shares during the last quarter. Mutual of Omaha Bank Wealth Management boosted its position in Walt Disney by 0.7% in the first quarter. Mutual of Omaha Bank Wealth Management now owns 4,570 shares of the entertainment giant’s stock worth $519,000 after buying an additional 30 shares during the last quarter. Cordasco Financial Network boosted its position in Walt Disney by 2.4% in the first quarter. Cordasco Financial Network now owns 1,549 shares of the entertainment giant’s stock worth $176,000 after buying an additional 37 shares during the last quarter. Finally, American Trust Investment Advisors LLC boosted its position in Walt Disney by 0.4% in the fourth quarter. American Trust Investment Advisors LLC now owns 10,791 shares of the entertainment giant’s stock worth $1,125,000 after buying an additional 44 shares during the last quarter. 58.65% of the stock is currently owned by institutional investors and hedge funds.
Shares of Walt Disney Co (NYSE:DIS) opened at 106.68 on Friday. The stock has a market capitalization of $166.94 billion, a PE ratio of 18.60 and a beta of 1.25. The firm has a 50 day moving average price of $112.47 and a 200 day moving average price of $107.47. Walt Disney Co has a one year low of $90.32 and a one year high of $116.10. Walt Disney also saw unusually large options trading on Wednesday. Traders purchased 7,318 put options on the stock. This is an increase of approximately 225% compared to the average daily volume of 2,249 put options.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, May 9th. The entertainment giant reported $1.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.05. Walt Disney had a return on equity of 19.43% and a net margin of 16.29%. The business had revenue of $13.34 billion during the quarter, compared to analysts’ expectations of $13.44 billion. During the same period in the previous year, the firm posted $1.36 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. Analysts predict that Walt Disney Co will post $5.96 earnings per share for the current fiscal year.
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A number of research analysts have recently weighed in on the company. Goldman Sachs Group Inc reaffirmed a “conviction-buy” rating and set a $138.00 price objective on shares of Walt Disney in a research report on Wednesday, April 26th. Pivotal Research reaffirmed a “sell” rating and set a $85.00 price objective on shares of Walt Disney in a research report on Sunday, April 23rd. Loop Capital downgraded Walt Disney from a “buy” rating to a “hold” rating and decreased their target price for the company from $115.00 to $114.44 in a research note on Monday, April 24th. Morgan Stanley lifted their target price on Walt Disney from $124.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, April 20th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Walt Disney in a research note on Tuesday, April 25th. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seventeen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $116.49.
In other news, Director Susan E. Arnold sold 12,143 shares of Walt Disney stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $109.02, for a total value of $1,323,829.86. Following the completion of the sale, the director now directly owns 48,673 shares of the company’s stock, valued at $5,306,330.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Brent Woodford sold 2,000 shares of Walt Disney stock in a transaction on Tuesday, April 18th. The shares were sold at an average price of $114.50, for a total value of $229,000.00. Following the completion of the sale, the executive vice president now directly owns 27,745 shares of the company’s stock, valued at $3,176,802.50. The disclosure for this sale can be found here. Insiders own 13.00% of the company’s stock.
Walt Disney 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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