Sound Income Strategies LLC raised its holdings in shares of Walt Disney Co (NYSE:DIS) by 215.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,153 shares of the entertainment giant’s stock after acquiring an additional 2,155 shares during the period. Sound Income Strategies LLC’s holdings in Walt Disney were worth $305,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp grew its holdings in shares of Walt Disney by 2.0% during the third quarter. State Street Corp now owns 74,553,147 shares of the entertainment giant’s stock valued at $9,715,766,000 after buying an additional 1,431,054 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Walt Disney by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 25,971,783 shares of the entertainment giant’s stock worth $3,748,495,000 after buying an additional 548,830 shares during the last quarter. Norges Bank acquired a new stake in shares of Walt Disney in the fourth quarter worth about $2,572,048,000. Charles Schwab Investment Management Inc. lifted its position in shares of Walt Disney by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,269,782 shares of the entertainment giant’s stock worth $1,196,059,000 after purchasing an additional 100,637 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Walt Disney by 1.9% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,256,280 shares of the entertainment giant’s stock worth $1,049,476,000 after purchasing an additional 135,845 shares during the last quarter. 64.69% of the stock is currently owned by institutional investors.
DIS has been the subject of several recent research reports. JPMorgan Chase & Co. cut their price target on Walt Disney from $170.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Argus decreased their price target on Walt Disney from $160.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Atlantic Securities upgraded Walt Disney from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $153.00 to $119.00 in a research report on Thursday, April 2nd. Sanford C. Bernstein decreased their price objective on Walt Disney from $141.00 to $119.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 10th. Finally, Guggenheim lowered Walt Disney from a “buy” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a research report on Thursday, April 2nd. Eight analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Walt Disney currently has a consensus rating of “Buy” and an average target price of $140.00.
DIS stock traded up $5.12 during trading hours on Tuesday, reaching $104.70. 1,758,179 shares of the stock were exchanged, compared to its average volume of 28,297,884. The firm’s 50-day moving average is $110.62 and its 200-day moving average is $132.72. The company has a market cap of $187.21 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 5.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.80 and a quick ratio of 0.75. Walt Disney Co has a 12 month low of $79.07 and a 12 month high of $153.41.
Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, February 4th. The entertainment giant reported $1.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.09. The firm had revenue of $20.86 billion during the quarter, compared to analysts’ expectations of $20.84 billion. Walt Disney had a return on equity of 10.23% and a net margin of 13.81%. The company’s revenue was up 36.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.84 EPS. As a group, equities research analysts forecast that Walt Disney Co will post 3.34 earnings per share for the current year.
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 businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.