Angeles Investment Advisors LLC boosted its stake in shares of The Walt Disney Company (NYSE:DIS) by 102.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,336 shares of the entertainment giant’s stock after purchasing an additional 5,220 shares during the quarter. The Walt Disney makes up 0.1% of Angeles Investment Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. Angeles Investment Advisors LLC’s holdings in The Walt Disney were worth $1,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently modified their holdings of the company. FORA Capital LLC purchased a new stake in The Walt Disney during the first quarter worth approximately $28,000. Lloyd Advisory Services LLC. lifted its position in shares of The Walt Disney by 210.7% during the 1st quarter. Lloyd Advisory Services LLC. now owns 233 shares of the entertainment giant’s stock worth $43,000 after buying an additional 158 shares during the last quarter. Cardinal Capital Management Inc. boosted its holdings in shares of The Walt Disney by 243.8% in the 1st quarter. Cardinal Capital Management Inc. now owns 275 shares of the entertainment giant’s stock valued at $51,000 after buying an additional 195 shares in the last quarter. Selective Wealth Management Inc. grew its position in shares of The Walt Disney by 93.8% in the 1st quarter. Selective Wealth Management Inc. now owns 310 shares of the entertainment giant’s stock valued at $57,000 after buying an additional 150 shares during the last quarter. Finally, Human Investing LLC raised its stake in The Walt Disney by 185.2% during the 1st quarter. Human Investing LLC now owns 348 shares of the entertainment giant’s stock worth $64,000 after acquiring an additional 226 shares in the last quarter. Institutional investors own 63.84% of the company’s stock.
DIS has been the topic of several research reports. Wolfe Research reaffirmed an “outperform” rating and set a $226.00 price objective on shares of The Walt Disney in a report on Thursday, June 10th. Deutsche Bank Aktiengesellschaft reduced their target price on The Walt Disney from $222.00 to $213.00 and set a “buy” rating for the company in a report on Tuesday, May 18th. Sanford C. Bernstein reissued a “neutral” rating and issued a $163.00 target price on shares of The Walt Disney in a report on Friday, May 14th. Wells Fargo & Company boosted their target price on The Walt Disney from $201.00 to $219.00 and gave the company an “overweight” rating in a report on Tuesday, April 20th. Finally, Truist Securities reduced their target price on The Walt Disney from $205.00 to $200.00 and set a “buy” rating for the company in a report on Monday, May 17th. Four investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The Walt Disney presently has a consensus rating of “Buy” and a consensus target price of $204.88.
The Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, May 13th. The entertainment giant reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.52. The firm had revenue of $15.61 billion for the quarter, compared to the consensus estimate of $15.99 billion. The Walt Disney had a negative net margin of 7.73% and a positive return on equity of 2.07%. The firm’s revenue was down 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 earnings per share. On average, analysts expect that The Walt Disney Company will post 2.33 earnings per share for the current year.
In other The Walt Disney news, Director Susan E. Arnold sold 8,400 shares of the firm’s stock in a transaction dated Wednesday, June 2nd. The shares were sold at an average price of $177.75, for a total transaction of $1,493,100.00. Following the completion of the transaction, the director now directly owns 41,498 shares in the company, valued at approximately $7,376,269.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Robert A. Iger sold 550,570 shares of the firm’s stock in a transaction dated Tuesday, June 1st. The shares were sold at an average price of $179.21, for a total transaction of $98,667,649.70. Following the transaction, the chairman now owns 569,131 shares of the company’s stock, valued at $101,993,966.51. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.
The 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 domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.
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