Walt Disney Co (DIS) Holdings Lifted by Global Retirement Partners LLC
Global Retirement Partners LLC grew its position in Walt Disney Co (NYSE:DIS) by 18.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 13,874 shares of the entertainment giant’s stock after buying an additional 2,168 shares during the period. Global Retirement Partners LLC’s holdings in Walt Disney were worth $1,622,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Trilogy Capital Inc. bought a new stake in Walt Disney during the first quarter valued at approximately $107,000. Canton Hathaway LLC bought a new stake in Walt Disney during the third quarter valued at approximately $107,000. CSat Investment Advisory L.P. bought a new stake in Walt Disney during the second quarter valued at approximately $112,000. Live Your Vision LLC grew its position in Walt Disney by 91.6% during the second quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock valued at $113,000 after buying an additional 500 shares during the period. Finally, BDO Wealth Advisors LLC grew its position in Walt Disney by 184.3% during the first quarter. BDO Wealth Advisors LLC now owns 1,140 shares of the entertainment giant’s stock valued at $114,000 after buying an additional 739 shares during the period. Hedge funds and other institutional investors own 62.64% of the company’s stock.
In other Walt Disney news, Chairman Robert A. Iger sold 47,733 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $120.00, for a total value of $5,727,960.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mary Jayne Parker sold 29,192 shares of the company’s stock in a transaction that occurred on Wednesday, October 3rd. The stock was sold at an average price of $117.99, for a total transaction of $3,444,364.08. Following the completion of the transaction, the executive vice president now owns 29,199 shares of the company’s stock, valued at $3,445,190.01. The disclosure for this sale can be found here. Over the last quarter, insiders sold 78,838 shares of company stock valued at $9,391,319. Company insiders own 0.38% of the company’s stock.
Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.17. The business had revenue of $14.30 billion during the quarter, compared to analyst estimates of $13.76 billion. Walt Disney had a net margin of 21.20% and a return on equity of 21.43%. The company’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.07 earnings per share. Equities research analysts anticipate that Walt Disney Co will post 7.08 earnings per share for the current fiscal year.
Several brokerages recently issued reports on DIS. Bank of America set a $144.00 target price on shares of Walt Disney and gave the company a “buy” rating in a research report on Wednesday, August 8th. Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. B. Riley restated a “neutral” rating on shares of Walt Disney in a research report on Friday, November 9th. Morgan Stanley boosted their target price on shares of Walt Disney from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, October 15th. Finally, BMO Capital Markets boosted their target price on shares of Walt Disney from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. Walt Disney has a consensus rating of “Buy” and an average target price of $121.54.
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Walt Disney Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.
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