Coppell Advisory Solutions Corp. bought a new stake in The Walt Disney Company (NYSE:DIS – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,410 shares of the entertainment giant’s stock, valued at approximately $540,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Motley Fool Asset Management LLC lifted its holdings in Walt Disney by 7.2% in the first quarter. Motley Fool Asset Management LLC now owns 54,003 shares of the entertainment giant’s stock valued at $6,608,000 after acquiring an additional 3,604 shares during the period. California State Teachers Retirement System lifted its stake in shares of Walt Disney by 0.8% in the first quarter. California State Teachers Retirement System now owns 2,968,454 shares of the entertainment giant’s stock valued at $363,220,000 after purchasing an additional 22,557 shares during the period. Innova Wealth Partners purchased a new stake in Walt Disney during the first quarter worth about $219,000. Industrial Alliance Investment Management Inc. grew its position in Walt Disney by 3.8% during the first quarter. Industrial Alliance Investment Management Inc. now owns 8,714 shares of the entertainment giant’s stock worth $1,066,000 after buying an additional 322 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in Walt Disney by 663.0% in the first quarter. Janus Henderson Group PLC now owns 1,897,850 shares of the entertainment giant’s stock valued at $232,217,000 after buying an additional 1,649,115 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
DIS has been the subject of a number of research analyst reports. UBS Group dropped their price target on Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Needham & Company LLC restated a “buy” rating and set a $145.00 target price on shares of Walt Disney in a research report on Wednesday, July 3rd. Evercore ISI lowered their price target on shares of Walt Disney from $130.00 to $128.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on Walt Disney from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, Moffett Nathanson lowered their target price on Walt Disney from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $128.13.
Walt Disney Stock Performance
DIS stock traded down $0.55 on Thursday, reaching $93.14. The company’s stock had a trading volume of 3,969,858 shares, compared to its average volume of 11,271,500. The firm has a fifty day moving average of $98.79 and a two-hundred day moving average of $105.34. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.75 and a quick ratio of 0.69. The company has a market capitalization of $169.80 billion, a P/E ratio of 101.15, a price-to-earnings-growth ratio of 1.16 and a beta of 1.40. The Walt Disney Company has a 52 week low of $78.73 and a 52 week high of $123.74.
Walt Disney (NYSE:DIS – Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The entertainment giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $22.08 billion for the quarter, compared to analyst estimates of $22.12 billion. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. As a group, analysts predict that The Walt Disney Company will post 4.77 EPS for the current fiscal year.
Insider Transactions at Walt Disney
In other news, Director James P. Gorman bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the acquisition, the director now directly owns 20,467 shares in the company, valued at $2,170,116.01. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Sonia L. Coleman sold 4,400 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $106.00, for a total transaction of $466,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James P. Gorman bought 20,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average price of $106.03 per share, with a total value of $2,120,600.00. Following the completion of the acquisition, the director now directly owns 20,467 shares of the company’s stock, valued at approximately $2,170,116.01. The disclosure for this purchase can be found here. Company insiders own 0.10% of the company’s stock.
Walt Disney Company Profile
The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.
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