Walt Disney Co (NYSE:DIS) Shares Bought by Ballast Advisors LLC

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Ballast Advisors LLC raised its stake in Walt Disney Co (NYSE:DIS) by 15.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,248 shares of the entertainment giant’s stock after purchasing an additional 293 shares during the period. Ballast Advisors LLC’s holdings in Walt Disney were worth $251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Global Trust Asset Management LLC increased its holdings in shares of Walt Disney by 111.6% in the 1st quarter. Global Trust Asset Management LLC now owns 4,418 shares of the entertainment giant’s stock valued at $441,000 after acquiring an additional 2,330 shares during the last quarter. Foundations Investment Advisors LLC grew its stake in Walt Disney by 13.8% during the 1st quarter. Foundations Investment Advisors LLC now owns 2,126 shares of the entertainment giant’s stock worth $202,000 after buying an additional 257 shares during the last quarter. Chemung Canal Trust Co. grew its stake in Walt Disney by 1.9% during the 1st quarter. Chemung Canal Trust Co. now owns 67,214 shares of the entertainment giant’s stock worth $6,493,000 after buying an additional 1,258 shares during the last quarter. Independent Investors Inc. grew its stake in Walt Disney by 1.5% during the 1st quarter. Independent Investors Inc. now owns 51,171 shares of the entertainment giant’s stock worth $4,943,000 after buying an additional 776 shares during the last quarter. Finally, Triangle Securities Wealth Management grew its stake in Walt Disney by 1.1% during the 1st quarter. Triangle Securities Wealth Management now owns 23,735 shares of the entertainment giant’s stock worth $2,293,000 after buying an additional 255 shares during the last quarter. 62.66% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on DIS. UBS Group restated a “hold” rating and set a $126.00 price target on shares of Walt Disney in a research note on Thursday, June 25th. JPMorgan Chase & Co. restated a “buy” rating on shares of Walt Disney in a research note on Friday, May 8th. BMO Capital Markets dropped their price target on Walt Disney from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Cowen downgraded Walt Disney from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $101.00 to $97.00 in a research note on Thursday, July 16th. Finally, Deutsche Bank lowered their target price on Walt Disney from $147.00 to $128.00 and set a “hold” rating on the stock in a research note on Tuesday, May 19th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $125.35.

Shares of DIS stock opened at $116.94 on Friday. The stock has a fifty day moving average price of $115.68 and a 200 day moving average price of $117.27. The stock has a market cap of $211.22 billion, a PE ratio of 39.51, a P/E/G ratio of 13.50 and a beta of 1.10. Walt Disney Co has a 1 year low of $79.07 and a 1 year high of $153.41. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.89 and a current ratio of 0.94.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.23). Walt Disney had a return on equity of 9.09% and a net margin of 6.88%. The firm had revenue of $18.01 billion for the quarter, compared to analyst estimates of $17.49 billion. During the same period in the prior year, the firm posted $1.61 earnings per share. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. As a group, equities research analysts predict that Walt Disney Co will post 1.38 earnings per share for the current year.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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

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