Walt Disney Co (DIS) Stake Boosted by Engineers Gate Manager LP
Engineers Gate Manager LP lifted its position in shares of Walt Disney Co (NYSE:DIS) by 115.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,091 shares of the entertainment giant’s stock after purchasing an additional 8,077 shares during the quarter. Engineers Gate Manager LP’s holdings in Walt Disney were worth $1,488,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. bought a new stake in Walt Disney in the 2nd quarter valued at $925,000. Legacy Advisors LLC bought a new stake in Walt Disney in the 3rd quarter valued at $137,000. Malaga Cove Capital LLC bought a new stake in Walt Disney in the 3rd quarter valued at $140,000. Krilogy Financial LLC lifted its position in Walt Disney by 13.2% in the 2nd quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock valued at $151,000 after acquiring an additional 166 shares in the last quarter. Finally, BDO Wealth Advisors LLC bought a new stake in Walt Disney in the 2nd quarter valued at $153,000. 61.58% of the stock is currently owned by institutional investors.
DIS has been the topic of several research reports. Macquarie raised shares of Walt Disney from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $112.00 to $125.00 in a research report on Tuesday, January 2nd. Goldman Sachs Group boosted their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Pivotal Research reaffirmed a “sell” rating and issued a $93.00 price objective (up from $91.00) on shares of Walt Disney in a research report on Tuesday, January 9th. Loop Capital reaffirmed a “buy” rating and issued a $106.00 price objective on shares of Walt Disney in a research report on Monday, December 11th. Finally, Zacks Investment Research cut shares of Walt Disney from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $118.63.
Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.28. The company had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.47 billion. Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. Walt Disney’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.55 EPS. research analysts predict that Walt Disney Co will post 6.8 earnings per share for the current fiscal year.
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Walt Disney Company Profile
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
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