Optimum Investment Advisors boosted its holdings in shares of Walt Disney Co (NYSE:DIS) by 14.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,375 shares of the entertainment giant’s stock after acquiring an additional 1,707 shares during the quarter. Optimum Investment Advisors’ holdings in Walt Disney were worth $1,868,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of DIS. Glenview State Bank Trust DEPT. grew its holdings in Walt Disney by 0.5% during the second quarter. Glenview State Bank Trust DEPT. now owns 15,057 shares of the entertainment giant’s stock valued at $2,103,000 after purchasing an additional 70 shares during the last quarter. Altfest L J & Co. Inc. grew its holdings in Walt Disney by 0.5% during the second quarter. Altfest L J & Co. Inc. now owns 13,978 shares of the entertainment giant’s stock valued at $1,952,000 after purchasing an additional 74 shares during the last quarter. Botty Investors LLC grew its holdings in Walt Disney by 4.8% during the second quarter. Botty Investors LLC now owns 1,650 shares of the entertainment giant’s stock valued at $230,000 after purchasing an additional 75 shares during the last quarter. Wealthquest Corp grew its holdings in Walt Disney by 1.6% during the second quarter. Wealthquest Corp now owns 4,772 shares of the entertainment giant’s stock valued at $666,000 after purchasing an additional 76 shares during the last quarter. Finally, West Oak Capital LLC grew its holdings in Walt Disney by 1.7% during the second quarter. West Oak Capital LLC now owns 4,910 shares of the entertainment giant’s stock valued at $686,000 after purchasing an additional 81 shares during the last quarter. 64.50% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have commented on DIS. Loop Capital increased their price target on Walt Disney to $165.00 and gave the company a “buy” rating in a report on Friday, June 14th. BMO Capital Markets raised their price objective on shares of Walt Disney from $140.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. UBS Group raised their price objective on shares of Walt Disney from $128.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Credit Suisse Group restated a “buy” rating and issued a $150.00 price objective on shares of Walt Disney in a research note on Thursday, August 8th. Finally, Citigroup restated a “buy” rating and issued a $160.00 price objective (up previously from $132.00) on shares of Walt Disney in a research note on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty have assigned a buy rating to the company. Walt Disney presently has a consensus rating of “Buy” and a consensus target price of $148.61.
DIS opened at $134.38 on Wednesday. Walt Disney Co has a fifty-two week low of $100.35 and a fifty-two week high of $147.15. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.70 and a quick ratio of 0.67. The business’s fifty day simple moving average is $141.50. The firm has a market capitalization of $249.53 billion, a P/E ratio of 18.98, a P/E/G ratio of 4.33 and a beta of 0.96.
Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.41). Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. The business had revenue of $20.25 billion for the quarter, compared to analyst estimates of $21.40 billion. During the same quarter in the prior year, the firm earned $1.87 EPS. The firm’s quarterly revenue was up 32.9% on a year-over-year basis. On average, analysts forecast that Walt Disney Co will post 6.35 earnings per share for the current fiscal year.
The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, July 25th. Shareholders of record on Monday, July 8th were paid a dividend of $0.88 per share. The ex-dividend date was Friday, July 5th. Walt Disney’s dividend payout ratio is currently 24.86%.
Walt Disney Company Profile
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.
Further Reading: What is channel trading?
Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).
Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.