Cooper Financial Group lifted its stake in The Walt Disney Company (NYSE:DIS – Get Rating) by 17.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 10,456 shares of the entertainment giant’s stock after purchasing an additional 1,579 shares during the quarter. Cooper Financial Group’s holdings in Walt Disney were worth $1,434,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the stock. State Street Corp boosted its stake in shares of Walt Disney by 1.7% in the fourth quarter. State Street Corp now owns 73,140,194 shares of the entertainment giant’s stock valued at $11,328,685,000 after buying an additional 1,200,863 shares during the period. Geode Capital Management LLC boosted its stake in shares of Walt Disney by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 28,802,702 shares of the entertainment giant’s stock valued at $4,448,175,000 after buying an additional 518,125 shares during the period. Norges Bank bought a new stake in shares of Walt Disney in the fourth quarter valued at approximately $2,290,736,000. Loomis Sayles & Co. L P boosted its stake in shares of Walt Disney by 25.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 13,510,534 shares of the entertainment giant’s stock valued at $2,092,646,000 after buying an additional 2,707,126 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in Walt Disney by 4.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,709,126 shares of the entertainment giant’s stock worth $1,503,846,000 after purchasing an additional 385,342 shares during the last quarter. Institutional investors and hedge funds own 64.17% of the company’s stock.
Shares of Walt Disney stock opened at $95.86 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $102.60 and a two-hundred day moving average price of $128.01. The Walt Disney Company has a 1-year low of $92.01 and a 1-year high of $187.58. The company has a market cap of $174.53 billion, a P/E ratio of 66.11, a PEG ratio of 1.19 and a beta of 1.24.
Walt Disney (NYSE:DIS – Get Rating) last issued its quarterly earnings results on Wednesday, May 11th. The entertainment giant reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). Walt Disney had a return on equity of 6.87% and a net margin of 3.46%. During the same period last year, the company earned $0.79 EPS. Equities research analysts forecast that The Walt Disney Company will post 3.86 EPS for the current fiscal year.
Several research firms have weighed in on DIS. Citigroup cut their target price on Walt Disney from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday. Royal Bank of Canada cut their target price on Walt Disney from $210.00 to $176.00 in a research note on Thursday, May 12th. Daiwa Capital Markets cut their target price on Walt Disney from $201.00 to $151.00 and set a “buy” rating for the company in a research note on Tuesday, May 24th. Barclays cut their target price on Walt Disney from $168.00 to $130.00 in a research note on Friday, May 13th. Finally, StockNews.com cut Walt Disney from a “hold” rating to a “sell” rating in a research note on Thursday, June 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $163.56.
About Walt Disney (Get Rating)
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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