Valley Brook Capital Group Inc. decreased its holdings in The Walt Disney Company (NYSE:DIS – Free Report) by 6.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,729 shares of the entertainment giant’s stock after selling 593 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Walt Disney were worth $840,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Olstein Capital Management L.P. grew its position in shares of Walt Disney by 31.9% during the 3rd quarter. Olstein Capital Management L.P. now owns 157,000 shares of the entertainment giant’s stock worth $15,102,000 after buying an additional 38,000 shares during the period. Washington Trust Bank boosted its stake in Walt Disney by 2.5% in the third quarter. Washington Trust Bank now owns 127,232 shares of the entertainment giant’s stock valued at $12,238,000 after acquiring an additional 3,106 shares during the last quarter. Montecito Bank & Trust grew its holdings in Walt Disney by 34.8% during the 3rd quarter. Montecito Bank & Trust now owns 24,197 shares of the entertainment giant’s stock worth $2,328,000 after acquiring an additional 6,247 shares during the period. Woodmont Investment Counsel LLC raised its position in shares of Walt Disney by 6.5% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 12,380 shares of the entertainment giant’s stock valued at $1,191,000 after acquiring an additional 754 shares during the last quarter. Finally, Cozad Asset Management Inc. boosted its position in shares of Walt Disney by 1.9% in the 3rd quarter. Cozad Asset Management Inc. now owns 6,017 shares of the entertainment giant’s stock worth $579,000 after purchasing an additional 110 shares during the last quarter. Institutional investors and hedge funds own 65.71% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the company. Macquarie dropped their price objective on Walt Disney from $94.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, September 19th. Bank of America lowered their price target on Walt Disney from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Evercore ISI reduced their price objective on shares of Walt Disney from $128.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Raymond James reaffirmed a “market perform” rating on shares of Walt Disney in a research note on Tuesday, October 1st. Finally, UBS Group reduced their price target on shares of Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.05.
Walt Disney Trading Up 0.2 %
Shares of Walt Disney stock traded up $0.15 on Thursday, hitting $99.04. 1,244,234 shares of the company’s stock traded hands, compared to its average volume of 10,706,210. The company has a fifty day moving average of $93.54 and a two-hundred day moving average of $97.12. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company has a market capitalization of $179.62 billion, a price-to-earnings ratio of 38.03, a price-to-earnings-growth ratio of 1.52 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66.
Walt Disney (NYSE:DIS – Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.19. The firm had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 earnings per share. As a group, sell-side analysts expect that The Walt Disney Company will post 4.93 earnings per share for the current year.
About Walt Disney
The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.
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