L & S Advisors Inc boosted its holdings in Walt Disney Co (NYSE:DIS) by 199.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 65,959 shares of the entertainment giant’s stock after acquiring an additional 43,914 shares during the quarter. Walt Disney comprises about 1.2% of L & S Advisors Inc’s investment portfolio, making the stock its 10th biggest holding. L & S Advisors Inc’s holdings in Walt Disney were worth $9,211,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the business. Centerpoint Advisors LLC increased its position in shares of Walt Disney by 276.5% in 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 in the last quarter. SRS Capital Advisors Inc. acquired a new stake in Walt Disney in the 2nd quarter worth about $39,000. MRA Associates USA LLC acquired a new stake in Walt Disney in the 2nd quarter worth about $53,000. Portfolio Solutions LLC acquired a new stake in Walt Disney in the 4th quarter worth about $43,000. Finally, Bay Harbor Wealth Management LLC boosted its stake in Walt Disney by 94.2% in the 2nd quarter. Bay Harbor Wealth Management LLC now owns 433 shares of the entertainment giant’s stock worth $60,000 after buying an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 68.75% of the company’s stock.
Shares of NYSE:DIS opened at $137.69 on Friday. The company has a market cap of $244.61 billion, a P/E ratio of 19.45, a PEG ratio of 4.49 and a beta of 0.97. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.67 and a current ratio of 0.70. Walt Disney Co has a one year low of $100.35 and a one year high of $147.15. The business’s 50-day simple moving average is $138.14 and its 200 day simple moving average is $131.63.
Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.41). The company had revenue of $20.25 billion for the quarter, compared to analysts’ expectations of $21.40 billion. Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. The business’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.87 earnings per share. Analysts predict that Walt Disney Co will post 6 earnings per share for the current year.
In other Walt Disney news, EVP Zenia B. Mucha sold 49,561 shares of Walt Disney stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $140.00, for a total transaction of $6,938,540.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Alan N. Braverman sold 94,462 shares of Walt Disney stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $141.18, for a total value of $13,336,145.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 148,223 shares of company stock worth $20,885,881. Company insiders own 0.36% of the company’s stock.
DIS has been the topic of a number of research analyst reports. Zacks Investment Research raised Walt Disney from a “strong sell” rating to a “hold” rating and set a $120.00 price target on the stock in a research note on Tuesday, July 9th. Bank of America set a $168.00 price objective on Walt Disney and gave the company a “buy” rating in a research note on Monday, June 24th. Credit Suisse Group reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Walt Disney in a research note on Thursday, August 8th. Moffett Nathanson set a $150.00 price objective on Walt Disney and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Walt Disney in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $148.22.
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 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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