New Potomac Partners LLC boosted its stake in Walt Disney Co (NYSE:DIS) by 4.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 16,615 shares of the entertainment giant’s stock after purchasing an additional 780 shares during the period. New Potomac Partners LLC’s holdings in Walt Disney were worth $1,741,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of DIS. Trilogy Capital Inc. acquired a new position in shares of Walt Disney during the first quarter worth about $107,000. Live Your Vision LLC increased its stake in shares of Walt Disney by 91.6% during the second quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock worth $113,000 after acquiring an additional 500 shares during the period. BDO Wealth Advisors LLC increased its stake in shares of Walt Disney by 184.3% during the first quarter. BDO Wealth Advisors LLC now owns 1,140 shares of the entertainment giant’s stock worth $114,000 after acquiring an additional 739 shares during the period. Bruderman Asset Management LLC acquired a new position in Walt Disney during the first quarter worth about $116,000. Finally, Marshall & Sullivan Inc. WA acquired a new position in Walt Disney during the second quarter worth about $121,000. Institutional investors and hedge funds own 63.04% of the company’s stock.
Shares of Walt Disney stock traded up $1.46 during trading hours on Friday, hitting $112.61. The company’s stock had a trading volume of 5,947,120 shares, compared to its average volume of 7,916,616. The firm has a market capitalization of $173.92 billion, a P/E ratio of 19.76, a PEG ratio of 1.55 and a beta of 1.29. Walt Disney Co has a 1-year low of $96.80 and a 1-year high of $118.10. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 0.35.
Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.97 by ($0.10). The firm had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.49 billion. Walt Disney had a net margin of 20.76% and a return on equity of 21.37%. During the same period in the previous year, the business posted $1.58 earnings per share. On average, research analysts expect that Walt Disney Co will post 6.92 EPS for the current fiscal year.
In other Walt Disney news, EVP Mary Jayne Parker sold 130,074 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $114.99, for a total transaction of $14,957,209.26. Following the completion of the transaction, the executive vice president now directly owns 43,048 shares of the company’s stock, valued at approximately $4,950,089.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Robert A. Iger sold 437,679 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $115.00, for a total transaction of $50,333,085.00. Following the completion of the transaction, the chairman now owns 1,498,871 shares in the company, valued at $172,370,165. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 599,701 shares of company stock valued at $69,049,384. Company insiders own 0.38% of the company’s stock.
Several brokerages have issued reports on DIS. Imperial Capital began coverage on shares of Walt Disney in a report on Thursday, June 28th. They issued an “in-line” rating and a $108.00 price target on the stock. Zacks Investment Research downgraded shares of Walt Disney from a “buy” rating to a “hold” rating in a report on Saturday, July 14th. ValuEngine raised shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Friday, June 15th. Pivotal Research downgraded shares of Walt Disney from a “hold” rating to a “sell” rating and set a $93.00 price target on the stock. in a report on Monday, June 18th. Finally, Bank of America assumed coverage on shares of Walt Disney in a research note on Friday, July 20th. They set a “buy” rating and a $144.00 price objective on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. Walt Disney currently has an average rating of “Buy” and an average target price of $119.54.
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 services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.
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