Raymond James Trust N.A. raised its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 132,233 shares of the entertainment giant’s stock after acquiring an additional 2,977 shares during the quarter. Raymond James Trust N.A.’s holdings in The Walt Disney were worth $16,407,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Demars Financial Group LLC acquired a new position in shares of The Walt Disney during the 2nd quarter worth about $38,000. Selective Wealth Management Inc. boosted its position in shares of The Walt Disney by 50.6% during the 2nd quarter. Selective Wealth Management Inc. now owns 372 shares of the entertainment giant’s stock worth $42,000 after acquiring an additional 125 shares in the last quarter. Hanseatic Management Services Inc. boosted its position in shares of The Walt Disney by 29.6% during the 2nd quarter. Hanseatic Management Services Inc. now owns 442 shares of the entertainment giant’s stock worth $49,000 after acquiring an additional 101 shares in the last quarter. Estate Counselors LLC acquired a new position in shares of The Walt Disney during the 2nd quarter worth about $52,000. Finally, Equitec Proprietary Markets LLC acquired a new position in shares of The Walt Disney during the 3rd quarter worth about $62,000. 62.72% of the stock is owned by institutional investors and hedge funds.
Shares of The Walt Disney stock opened at $126.81 on Friday. The Walt Disney Company has a twelve month low of $79.07 and a twelve month high of $153.41. The stock has a market capitalization of $229.15 billion, a P/E ratio of -204.53, a PEG ratio of 6.23 and a beta of 1.09. The company has a current ratio of 1.34, a quick ratio of 1.29 and a debt-to-equity ratio of 0.60. The business’s fifty day moving average price is $128.38 and its 200 day moving average price is $117.94.
The Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, August 4th. The entertainment giant reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.64) by $0.72. The Walt Disney had a positive return on equity of 6.58% and a negative net margin of 1.58%. The firm had revenue of $11.80 billion for the quarter, compared to analysts’ expectations of $12.48 billion. During the same quarter last year, the firm earned $1.35 earnings per share. The firm’s revenue for the quarter was down 41.7% compared to the same quarter last year. As a group, sell-side analysts predict that The Walt Disney Company will post 1.59 EPS for the current year.
In related news, EVP Brent Woodford sold 2,000 shares of The Walt Disney stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $130.95, for a total value of $261,900.00. Following the transaction, the executive vice president now owns 36,620 shares in the company, valued at $4,795,389. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is currently owned by company insiders.
A number of analysts recently issued reports on the company. Citigroup upped their target price on The Walt Disney from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Morgan Stanley upped their target price on The Walt Disney from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. Rosenblatt Securities upped their target price on The Walt Disney from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Wells Fargo & Company upped their target price on The Walt Disney from $120.00 to $136.00 and gave the company an “equal weight” rating in a research report on Friday, August 14th. Finally, Barclays reissued a “buy” rating and issued a $135.00 target price on shares of The Walt Disney in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $134.70.
About The Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight owned domestic television stations.
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