SRS Capital Advisors Inc. lifted its position in The Walt Disney Company (NYSE:DIS – Get Rating) by 49.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,284 shares of the entertainment giant’s stock after acquiring an additional 424 shares during the period. SRS Capital Advisors Inc.’s holdings in Walt Disney were worth $199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Morgan Stanley boosted its stake in shares of Walt Disney by 1.9% in the second quarter. Morgan Stanley now owns 32,666,477 shares of the entertainment giant’s stock worth $5,741,785,000 after buying an additional 595,313 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in Walt Disney by 207.6% during the third quarter. Venturi Wealth Management LLC now owns 12,189 shares of the entertainment giant’s stock worth $2,062,000 after acquiring an additional 8,226 shares during the period. Van ECK Associates Corp grew its holdings in Walt Disney by 14.8% during the third quarter. Van ECK Associates Corp now owns 35,393 shares of the entertainment giant’s stock worth $5,987,000 after acquiring an additional 4,574 shares during the period. New World Advisors LLC acquired a new stake in Walt Disney during the third quarter worth about $457,000. Finally, Strategic Asset Management LLC acquired a new stake in Walt Disney during the third quarter worth about $57,000. 63.65% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Brent Woodford sold 226 shares of Walt Disney stock in a transaction that occurred on Thursday, March 10th. The stock was sold at an average price of $132.50, for a total transaction of $29,945.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.
Walt Disney (NYSE:DIS – Get Rating) last announced its quarterly earnings data on Wednesday, February 9th. The entertainment giant reported $1.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.49. Walt Disney had a return on equity of 6.26% and a net margin of 4.22%. The firm had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $21.20 billion. During the same quarter last year, the business posted $0.32 earnings per share. As a group, analysts expect that The Walt Disney Company will post 4.49 earnings per share for the current fiscal year.
Several analysts recently commented on DIS shares. Truist Financial dropped their target price on Walt Disney from $200.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, March 16th. Moffett Nathanson dropped their target price on Walt Disney from $165.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, March 7th. BMO Capital Markets raised their price objective on Walt Disney from $165.00 to $175.00 and gave the company a “market perform” rating in a report on Thursday, February 10th. Guggenheim raised their price objective on Walt Disney from $165.00 to $172.00 and gave the company a “neutral” rating in a report on Thursday, February 10th. Finally, Rosenblatt Securities began coverage on Walt Disney in a report on Tuesday, April 19th. They issued a “buy” rating and a $177.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $185.04.
Walt Disney Company Profile (Get Rating)
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 broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
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