Foster Dykema Cabot & Co. Inc. MA lowered its holdings in The Walt Disney Company (NYSE:DIS – Get Rating) by 98.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,288 shares of the entertainment giant's stock after selling 70,834 shares during the period. Foster Dykema Cabot & Co. Inc. MA's holdings in Walt Disney were worth $122,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Clear Perspectives Financial Planning LLC grew its stake in Walt Disney by 126.3% during the first quarter. Clear Perspectives Financial Planning LLC now owns 181 shares of the entertainment giant's stock valued at $25,000 after acquiring an additional 101 shares in the last quarter. Roble Belko & Company Inc grew its stake in Walt Disney by 96.2% in the 1st quarter. Roble Belko & Company Inc now owns 206 shares of the entertainment giant's stock worth $28,000 after buying an additional 101 shares in the last quarter. MBM Wealth Consultants LLC grew its stake in Walt Disney by 94.7% in the 4th quarter. MBM Wealth Consultants LLC now owns 220 shares of the entertainment giant's stock worth $34,000 after buying an additional 107 shares in the last quarter. Rational Advisors LLC grew its stake in Walt Disney by 74.1% in the 1st quarter. Rational Advisors LLC now owns 242 shares of the entertainment giant's stock worth $33,000 after buying an additional 103 shares in the last quarter. Finally, Delos Wealth Advisors LLC grew its stake in Walt Disney by 2,933.3% in the 4th quarter. Delos Wealth Advisors LLC now owns 273 shares of the entertainment giant's stock worth $42,000 after buying an additional 264 shares in the last quarter. Hedge funds and other institutional investors own 61.37% of the company's stock.
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Shares of NYSE DIS opened at $99.50 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The Walt Disney Company has a 12 month low of $90.23 and a 12 month high of $179.63. The firm has a market capitalization of $181.39 billion, a PE ratio of 57.85, a price-to-earnings-growth ratio of 1.30 and a beta of 1.20. The firm has a fifty day simple moving average of $110.51 and a two-hundred day simple moving average of $112.63.
Walt Disney (NYSE:DIS – Get Rating) last issued its quarterly earnings data on Wednesday, August 10th. The entertainment giant reported $1.09 EPS for the quarter, topping the consensus estimate of $0.94 by $0.15. Walt Disney had a net margin of 3.87% and a return on equity of 7.20%. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.01 billion. During the same period in the prior year, the business earned $0.80 EPS. The company's revenue for the quarter was up 26.5% on a year-over-year basis. Equities analysts expect that The Walt Disney Company will post 3.85 earnings per share for the current year.Wall Street Analyst Weigh In
DIS has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of Walt Disney from $191.00 to $130.00 in a research note on Monday, June 6th. Evercore ISI cut their price target on shares of Walt Disney from $150.00 to $130.00 in a research note on Wednesday, July 27th. Wells Fargo & Company upped their price objective on shares of Walt Disney from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Thursday, August 11th. StockNews.com raised shares of Walt Disney from a "sell" rating to a "hold" rating in a research note on Thursday, August 11th. Finally, Rosenblatt Securities upped their price objective on shares of Walt Disney from $124.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, August 11th. Five analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $151.48.
Insiders Place Their Bets
In other Walt Disney news, EVP Brent Woodford sold 3,000 shares of the company's stock in a transaction on Friday, August 12th. The shares were sold at an average price of $119.03, for a total value of $357,090.00. Following the completion of the transaction, the executive vice president now directly owns 28,624 shares in the company, valued at approximately $3,407,114.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company's stock.
Walt Disney Company Profile
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The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
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