Kathmere Capital Management LLC grew its stake in The Walt Disney Company (NYSE:DIS – Free Report) by 89.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,526 shares of the entertainment giant’s stock after acquiring an additional 2,137 shares during the quarter. Kathmere Capital Management LLC’s holdings in Walt Disney were worth $404,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in DIS. Dark Forest Capital Management LP bought a new stake in Walt Disney in the first quarter worth $28,000. Worth Asset Management LLC purchased a new position in shares of Walt Disney in the first quarter worth $29,000. MBM Wealth Consultants LLC raised its stake in shares of Walt Disney by 197.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock worth $33,000 after purchasing an additional 243 shares during the last quarter. Silicon Valley Capital Partners purchased a new position in shares of Walt Disney in the fourth quarter worth $35,000. Finally, Fortis Capital Advisors LLC purchased a new position in shares of Walt Disney in the fourth quarter worth $39,000. 61.17% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on DIS. Wells Fargo & Company decreased their price target on Walt Disney from $146.00 to $110.00 and set an “overweight” rating for the company in a research note on Tuesday, September 5th. StockNews.com began coverage on Walt Disney in a research note on Thursday, August 17th. They issued a “sell” rating for the company. Rosenblatt Securities boosted their price target on Walt Disney from $102.00 to $104.00 and gave the stock a “buy” rating in a research note on Tuesday, September 12th. Loop Capital decreased their price target on Walt Disney from $120.00 to $110.00 in a research note on Monday, June 26th. Finally, Atlantic Securities cut Walt Disney from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $113.00 to $76.00 in a research note on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.58.
Walt Disney Stock Performance
Shares of DIS opened at $85.58 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.07 and a debt-to-equity ratio of 0.44. The business has a 50-day simple moving average of $85.78 and a two-hundred day simple moving average of $91.59. The stock has a market cap of $156.59 billion, a price-to-earnings ratio of 69.58, a PEG ratio of 1.68 and a beta of 1.28. The Walt Disney Company has a 52 week low of $79.75 and a 52 week high of $118.18.
Walt Disney (NYSE:DIS – Get Free Report) last released its quarterly earnings data on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The firm had revenue of $22.33 billion during the quarter, compared to analyst estimates of $22.50 billion. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.09 earnings per share. On average, analysts expect that The Walt Disney Company will post 3.68 EPS for the current year.
Insider Transactions at Walt Disney
In other news, EVP Sonia L. Coleman sold 959 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $89.05, for a total value of $85,398.95. Following the completion of the transaction, the executive vice president now owns 961 shares of the company’s stock, valued at $85,577.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.
Walt Disney Company Profile
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 networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
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