Envestnet Asset Management Inc. increased its position in The Walt Disney Company (NYSE:DIS – Free Report) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,881,728 shares of the entertainment giant’s stock after buying an additional 16,554 shares during the period. Envestnet Asset Management Inc. owned 0.10% of Walt Disney worth $168,001,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dark Forest Capital Management LP bought a new stake in Walt Disney in the first quarter worth $28,000. Worth Asset Management LLC purchased a new stake in shares of Walt Disney during the 1st quarter valued at about $29,000. MBM Wealth Consultants LLC raised its position in shares of Walt Disney by 197.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock valued at $33,000 after buying an additional 243 shares in the last quarter. Bell Investment Advisors Inc lifted its holdings in shares of Walt Disney by 40.3% in the 1st quarter. Bell Investment Advisors Inc now owns 442 shares of the entertainment giant’s stock valued at $44,000 after acquiring an additional 127 shares during the last quarter. Finally, Fortis Capital Advisors LLC purchased a new position in Walt Disney in the fourth quarter worth about $39,000. 61.17% of the stock is owned by institutional investors.
Walt Disney Stock Performance
Shares of Walt Disney stock opened at $83.29 on Friday. The company has a market capitalization of $152.40 billion, a PE ratio of 67.72, a P/E/G ratio of 1.25 and a beta of 1.30. The company has a 50-day simple moving average of $82.48 and a two-hundred day simple moving average of $88.15. The Walt Disney Company has a one year low of $78.73 and a one year high of $118.18. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.00 and a current ratio of 1.07.
Walt Disney (NYSE:DIS – Get Free Report) last issued its quarterly earnings data on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The firm had revenue of $22.33 billion for the quarter, compared to the consensus estimate of $22.50 billion. Walt Disney had a net margin of 2.56% and a return on equity of 6.45%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.09 EPS. Research analysts expect that The Walt Disney Company will post 3.65 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on DIS shares. Citigroup lowered their price objective on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, August 16th. Wells Fargo & Company dropped their price objective on shares of Walt Disney from $146.00 to $110.00 and set an “overweight” rating for the company in a research note on Tuesday, September 5th. JPMorgan Chase & Co. cut their price objective on shares of Walt Disney from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 10th. Morgan Stanley lowered their target price on shares of Walt Disney from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, July 26th. Finally, UBS Group cut their price target on shares of Walt Disney from $122.00 to $110.00 and set a “buy” rating on the stock in a report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, Walt Disney presently has an average rating of “Moderate Buy” and a consensus price target of $111.40.
Check Out Our Latest Report on Walt Disney
Walt Disney Profile
(Free Report)
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
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