NewEdge Wealth LLC Has $1.06 Million Position in The Walt Disney Company (NYSE:DIS)

NewEdge Wealth LLC boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 2.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,035 shares of the entertainment giant’s stock after acquiring an additional 150 shares during the quarter. NewEdge Wealth LLC’s holdings in The Walt Disney were worth $1,061,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in The Walt Disney by 2.2% during the second quarter. BlackRock Inc. now owns 119,480,524 shares of the entertainment giant’s stock worth $21,001,090,000 after acquiring an additional 2,623,659 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of The Walt Disney by 3.1% during the first quarter. Geode Capital Management LLC now owns 27,115,787 shares of the entertainment giant’s stock worth $4,988,460,000 after purchasing an additional 823,137 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of The Walt Disney by 8.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 21,179,052 shares of the entertainment giant’s stock worth $3,907,959,000 after purchasing an additional 1,685,039 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of The Walt Disney by 3.7% during the second quarter. Fisher Asset Management LLC now owns 10,725,272 shares of the entertainment giant’s stock worth $1,885,181,000 after purchasing an additional 381,103 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its holdings in shares of The Walt Disney by 3.5% during the first quarter. UBS Asset Management Americas Inc. now owns 9,613,857 shares of the entertainment giant’s stock worth $1,773,949,000 after purchasing an additional 323,467 shares during the last quarter. Hedge funds and other institutional investors own 64.10% of the company’s stock.

The Walt Disney stock traded up $3.08 during midday trading on Thursday, reaching $176.73. The stock had a trading volume of 137,133 shares, compared to its average volume of 9,619,605. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.24. The firm’s fifty day simple moving average is $178.79 and its 200-day simple moving average is $180.88. The stock has a market capitalization of $321.14 billion, a P/E ratio of 284.67, a price-to-earnings-growth ratio of 3.50 and a beta of 1.19. The Walt Disney Company has a 1-year low of $117.23 and a 1-year high of $203.02.

The Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Thursday, August 12th. The entertainment giant reported $0.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.23. The firm had revenue of $17.02 billion during the quarter, compared to the consensus estimate of $16.82 billion. The Walt Disney had a return on equity of 3.78% and a net margin of 1.77%. During the same period last year, the company earned $0.08 earnings per share. On average, sell-side analysts anticipate that The Walt Disney Company will post 2.45 earnings per share for the current fiscal year.

In other news, EVP Brent Woodford sold 8,000 shares of The Walt Disney stock in a transaction that occurred on Friday, August 13th. The stock was sold at an average price of $186.57, for a total transaction of $1,492,560.00. Following the completion of the transaction, the executive vice president now directly owns 42,620 shares in the company, valued at approximately $7,951,613.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert A. Chapek sold 10,587 shares of The Walt Disney stock in a transaction that occurred on Tuesday, August 31st. The stock was sold at an average price of $182.00, for a total value of $1,926,834.00. The disclosure for this sale can be found here. 0.25% of the stock is owned by company insiders.

Several brokerages have recently commented on DIS. BMO Capital Markets increased their target price on The Walt Disney from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Friday, August 13th. Barclays raised their price target on The Walt Disney from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, August 13th. Zacks Investment Research cut The Walt Disney from a “buy” rating to a “hold” rating and set a $185.00 price target on the stock. in a report on Wednesday, August 18th. Wolfe Research reissued an “outperform” rating and issued a $226.00 target price on shares of The Walt Disney in a research note on Thursday, June 10th. Finally, UBS Group increased their target price on The Walt Disney from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, August 13th. Four equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $209.19.

The Walt Disney Company Profile

The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Media Networks, Parks, Experiences and Products, Studio Entertainment and Direct-to-Consumer and International (DTCI). The Media Networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, radio networks and stations.

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Institutional Ownership by Quarter for The Walt Disney (NYSE:DIS)

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