Institutional & Family Asset Management LLC Takes $253,000 Position in Walt Disney Co (DIS)

Institutional & Family Asset Management LLC purchased a new stake in shares of Walt Disney Co (NYSE:DIS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,566 shares of the entertainment giant’s stock, valued at approximately $253,000.

Other hedge funds have also added to or reduced their stakes in the company. Beach Investment Management LLC. acquired a new stake in shares of Walt Disney during the second quarter worth $5,587,000. Tdam USA Inc. increased its position in shares of Walt Disney by 4.1% during the second quarter. Tdam USA Inc. now owns 195,498 shares of the entertainment giant’s stock worth $20,666,000 after buying an additional 7,785 shares during the period. TD Asset Management Inc. increased its position in shares of Walt Disney by 6.2% during the second quarter. TD Asset Management Inc. now owns 1,725,042 shares of the entertainment giant’s stock worth $183,286,000 after buying an additional 100,499 shares during the period. Pictet Asset Management Ltd. increased its position in shares of Walt Disney by 43.6% during the second quarter. Pictet Asset Management Ltd. now owns 1,630,711 shares of the entertainment giant’s stock worth $176,019,000 after buying an additional 495,310 shares during the period. Finally, Advisor Partners LLC increased its position in shares of Walt Disney by 3.5% during the second quarter. Advisor Partners LLC now owns 27,003 shares of the entertainment giant’s stock worth $2,869,000 after buying an additional 920 shares during the period. 61.23% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Co (NYSE DIS) opened at $106.53 on Monday. Walt Disney Co has a 12 month low of $96.20 and a 12 month high of $116.10. The firm has a market cap of $160,186.61, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 1.82 and a beta of 1.30. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 0.43.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.28. Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. The firm had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.47 billion. During the same period last year, the firm earned $1.55 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. equities research analysts anticipate that Walt Disney Co will post 6.95 EPS for the current fiscal year.

Several research firms have recently weighed in on DIS. B. Riley reiterated a “neutral” rating on shares of Walt Disney in a research report on Wednesday, November 1st. Bank of America reiterated a “buy” rating and set a $144.00 price objective (up from $130.00) on shares of Walt Disney in a research report on Wednesday, January 10th. Vetr cut shares of Walt Disney from a “strong-buy” rating to a “buy” rating and set a $114.86 price objective for the company. in a research report on Tuesday, February 13th. Jefferies Group restated a “hold” rating and issued a $103.77 price target (up from $102.68) on shares of Walt Disney in a report on Friday, November 10th. Finally, Macquarie set a $125.00 price target on shares of Walt Disney and gave the stock a “buy” rating in a report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $118.59.

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About Walt Disney

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

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