Private Advisor Group LLC Increases Holdings in Walt Disney Co (NYSE:DIS)

Private Advisor Group LLC grew its holdings in shares of Walt Disney Co (NYSE:DIS) by 29.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 244,461 shares of the entertainment giant’s stock after purchasing an additional 55,704 shares during the quarter. Private Advisor Group LLC’s holdings in Walt Disney were worth $23,614,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. TD Capital Management LLC purchased a new stake in shares of Walt Disney during the 1st quarter valued at $29,000. Carolina Wealth Advisors LLC purchased a new stake in shares of Walt Disney during the 4th quarter valued at $31,000. Sofos Investments Inc. increased its position in shares of Walt Disney by 238.5% during the 1st quarter. Sofos Investments Inc. now owns 1,300 shares of the entertainment giant’s stock valued at $33,000 after purchasing an additional 916 shares during the last quarter. Cox Capital Mgt LLC purchased a new stake in shares of Walt Disney during the 1st quarter valued at $34,000. Finally, Marquette Asset Management LLC increased its holdings in Walt Disney by 3,500.0% in the 1st quarter. Marquette Asset Management LLC now owns 360 shares of the entertainment giant’s stock worth $35,000 after acquiring an additional 350 shares during the last quarter. 62.81% of the stock is owned by hedge funds and other institutional investors.

DIS has been the subject of several recent research reports. Morgan Stanley decreased their price objective on Walt Disney from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, May 4th. Argus decreased their price objective on Walt Disney from $160.00 to $130.00 and set a “buy” rating for the company in a report on Friday, March 13th. Royal Bank of Canada decreased their price objective on Walt Disney from $110.00 to $108.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Rosenblatt Securities reissued a “buy” rating and issued a $130.00 price objective on shares of Walt Disney in a report on Wednesday, May 6th. Finally, Cfra decreased their price objective on Walt Disney from $160.00 to $120.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $126.50.

Shares of DIS traded up $1.49 during trading hours on Monday, reaching $118.79. 5,815,458 shares of the company’s stock traded hands, compared to its average volume of 22,120,644. The stock has a market cap of $211.88 billion, a PE ratio of 40.05, a price-to-earnings-growth ratio of 13.88 and a beta of 1.09. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 0.45. The firm’s 50 day simple moving average is $107.94 and its 200-day simple moving average is $126.61. Walt Disney Co has a 12 month low of $79.07 and a 12 month high of $153.41.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.23). The business had revenue of $18.01 billion for the quarter, compared to the consensus estimate of $17.49 billion. Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The business’s revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.61 EPS. As a group, analysts expect that Walt Disney Co will post 1.66 earnings per share for the current fiscal year.

About Walt Disney

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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