SNS Financial Group LLC cut its stake in Walt Disney Company (The) (NYSE:DIS) by 42.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,030 shares of the entertainment giant’s stock after selling 2,990 shares during the quarter. SNS Financial Group LLC’s holdings in Walt Disney Company (The) were worth $457,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of DIS. Feltz Wealth PLAN Inc. purchased a new position in shares of Walt Disney Company (The) during the 1st quarter worth approximately $173,000. Paragon Capital Management Ltd bought a new stake in shares of Walt Disney Company (The) during the 1st quarter valued at $200,000. Randolph Co Inc purchased a new stake in shares of Walt Disney Company (The) in the 1st quarter worth about $216,000. Doyle Wealth Management bought a new position in shares of Walt Disney Company (The) in the 1st quarter worth about $227,000. Finally, Milestone Group Inc. boosted its stake in Walt Disney Company (The) by 6.0% during the first quarter. Milestone Group Inc. now owns 2,100 shares of the entertainment giant’s stock worth $238,000 after acquiring an additional 119 shares in the last quarter. 61.38% of the stock is owned by hedge funds and other institutional investors.
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Walt Disney Company (DIS) opened at 98.60 on Friday. The firm has a market cap of $152.19 billion, a PE ratio of 17.49 and a beta of 1.42. Walt Disney Company has a one year low of $90.32 and a one year high of $116.10. The stock has a 50 day moving average price of $101.91 and a 200 day moving average price of $107.44.
Walt Disney Company (The) (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.05. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. The company had revenue of $14.24 billion during the quarter, compared to analysts’ expectations of $14.44 billion. During the same period in the previous year, the firm posted $1.62 earnings per share. The business’s revenue for the quarter was down .3% compared to the same quarter last year. Equities research analysts expect that Walt Disney Company will post $5.81 EPS for the current year.
A number of research firms have recently commented on DIS. Zacks Investment Research downgraded Walt Disney Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Bank of America Corporation reiterated a “buy” rating and issued a $120.00 target price (down previously from $125.00) on shares of Walt Disney Company (The) in a research note on Friday, September 8th. FBR & Co restated a “hold” rating and issued a $97.00 price objective on shares of Walt Disney Company (The) in a report on Friday, September 8th. Guggenheim reiterated a “buy” rating and set a $122.00 target price (down from $128.00) on shares of Walt Disney Company (The) in a research note on Wednesday, July 12th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $130.00 price target on shares of Walt Disney Company (The) in a report on Friday, July 14th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-one have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $113.98.
In related news, Director Maria Elena Lagomasino purchased 976 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was bought at an average cost of $102.34 per share, with a total value of $99,883.84. Following the completion of the acquisition, the director now directly owns 7,513 shares in the company, valued at approximately $768,880.42. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.38% of the company’s stock.
Walt Disney Company (The) Company Profile
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
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