Prestige Wealth Management Group LLC Invests $629,000 in Walt Disney Co (NYSE:DIS)

Prestige Wealth Management Group LLC bought a new position in Walt Disney Co (NYSE:DIS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,503 shares of the entertainment giant’s stock, valued at approximately $629,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DIS. Mutual Advisors LLC lifted its holdings in Walt Disney by 3.6% during the second quarter. Mutual Advisors LLC now owns 30,516 shares of the entertainment giant’s stock valued at $4,261,000 after purchasing an additional 1,057 shares during the last quarter. High Falls Advisors Inc purchased a new stake in Walt Disney during the second quarter valued at about $207,000. Beaton Management Co. Inc. lifted its holdings in Walt Disney by 0.4% during the second quarter. Beaton Management Co. Inc. now owns 24,362 shares of the entertainment giant’s stock valued at $3,402,000 after purchasing an additional 100 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Walt Disney by 7.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 343,819 shares of the entertainment giant’s stock valued at $48,011,000 after purchasing an additional 22,778 shares during the last quarter. Finally, Covington Capital Management lifted its holdings in shares of Walt Disney by 1.0% in the second quarter. Covington Capital Management now owns 206,920 shares of the entertainment giant’s stock worth $28,894,000 after buying an additional 2,024 shares in the last quarter. Hedge funds and other institutional investors own 68.41% of the company’s stock.

Shares of Walt Disney stock traded up $1.12 on Wednesday, hitting $133.09. The stock had a trading volume of 6,560,574 shares, compared to its average volume of 10,398,213. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 0.38. Walt Disney Co has a one year low of $100.35 and a one year high of $147.15. The stock has a market cap of $239.75 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 4.38 and a beta of 0.97. The stock’s 50-day simple moving average is $136.11 and its two-hundred day simple moving average is $132.88.



Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $20.25 billion during the quarter, compared to the consensus estimate of $21.40 billion. During the same quarter in the prior year, the business posted $1.87 EPS. The firm’s revenue for the quarter was up 32.9% on a year-over-year basis. As a group, equities analysts predict that Walt Disney Co will post 5.9 EPS for the current fiscal year.

A number of brokerages recently weighed in on DIS. Needham & Company LLC reaffirmed a “hold” rating on shares of Walt Disney in a research note on Wednesday, August 7th. Imperial Capital lowered their target price on shares of Walt Disney from $140.00 to $139.00 and set an “in-line” rating on the stock in a research note on Thursday, September 19th. Tigress Financial reaffirmed a “buy” rating on shares of Walt Disney in a research note on Monday, August 26th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $150.00 target price on shares of Walt Disney in a research note on Wednesday, August 7th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $150.00 target price on shares of Walt Disney in a research note on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Walt Disney presently has a consensus rating of “Buy” and a consensus target price of $151.31.

In other Walt Disney news, EVP Brent Woodford sold 2,200 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $146.68, for a total transaction of $322,696.00. Following the completion of the transaction, the executive vice president now owns 34,679 shares of the company’s stock, valued at $5,086,715.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alan N. Braverman sold 94,462 shares of the firm’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $141.18, for a total value of $13,336,145.16. The disclosure for this sale can be found here. Insiders sold 98,662 shares of company stock valued at $13,947,341 in the last ninety days. 0.36% of the stock is currently owned by insiders.

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.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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