Baskin Financial Services Inc. Raises Position in The Walt Disney Co. (DIS)
Baskin Financial Services Inc. increased its stake in shares of The Walt Disney Co. (NYSE:DIS) by 21.0% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 73,623 shares of the entertainment giant’s stock after buying an additional 12,772 shares during the period. Baskin Financial Services Inc.’s holdings in The Walt Disney were worth $6,836,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of The Walt Disney during the second quarter worth $103,000. Balentine LLC boosted its stake in shares of The Walt Disney by 365.8% in the second quarter. Balentine LLC now owns 1,076 shares of the entertainment giant’s stock worth $105,000 after buying an additional 845 shares during the period. Krilogy Financial LLC boosted its stake in shares of The Walt Disney by 5.0% in the second quarter. Krilogy Financial LLC now owns 1,292 shares of the entertainment giant’s stock worth $126,000 after buying an additional 61 shares during the period. Cordasco Financial Network boosted its stake in shares of The Walt Disney by 149.8% in the second quarter. Cordasco Financial Network now owns 1,501 shares of the entertainment giant’s stock worth $147,000 after buying an additional 900 shares during the period. Finally, Opera Trading Capital acquired a new stake in shares of The Walt Disney during the first quarter worth $158,000. 56.30% of the stock is currently owned by hedge funds and other institutional investors.
Shares of The Walt Disney Co. (NYSE:DIS) traded down 0.196% on Wednesday, reaching $99.475. The company had a trading volume of 8,496,271 shares. The Walt Disney Co. has a 52-week low of $86.25 and a 52-week high of $115.47. The company’s 50-day moving average price is $94.49 and its 200-day moving average price is $96.01. The firm has a market capitalization of $158.31 billion, a price-to-earnings ratio of 17.360 and a beta of 1.21.
The Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 10th. The entertainment giant reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by $0.06. The firm earned $13.14 billion during the quarter, compared to the consensus estimate of $13.71 billion. The Walt Disney had a net margin of 16.88% and a return on equity of 19.81%. The company’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 EPS. On average, analysts predict that The Walt Disney Co. will post $5.95 earnings per share for the current year.
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DIS has been the topic of a number of research reports. Credit Suisse Group AG reissued a “buy” rating and set a $125.00 target price on shares of The Walt Disney in a report on Friday, November 11th. Citigroup Inc. dropped their target price on shares of The Walt Disney from $120.00 to $117.00 and set a “buy” rating on the stock in a report on Thursday, August 11th. Hilliard Lyons upgraded shares of The Walt Disney to a “buy” rating in a research report on Thursday, August 25th. Brean Capital restated a “hold” rating on shares of The Walt Disney in a research report on Friday, November 11th. Finally, Wood & Company restated a “sell” rating and set a $120.65 price target on shares of The Walt Disney in a research report on Thursday, November 17th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The Walt Disney has a consensus rating of “Hold” and an average price target of $108.09.
In other news, EVP Alan N. Braverman sold 19,871 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $99.00, for a total transaction of $1,967,229.00. Following the sale, the executive vice president now owns 135,614 shares in the company, valued at approximately $13,425,786. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 13.00% of the stock is owned by company insiders.
About The Walt Disney
The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.
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