New Potomac Partners LLC Buys 275 Shares of Walt Disney Co (NYSE:DIS)

New Potomac Partners LLC raised its holdings in Walt Disney Co (NYSE:DIS) by 1.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 16,470 shares of the entertainment giant’s stock after acquiring an additional 275 shares during the period. Walt Disney accounts for 2.1% of New Potomac Partners LLC’s portfolio, making the stock its 13th largest position. New Potomac Partners LLC’s holdings in Walt Disney were worth $2,146,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Centerpoint Advisors LLC grew its holdings in Walt Disney by 276.5% in the 2nd quarter. Centerpoint Advisors LLC now owns 192 shares of the entertainment giant’s stock valued at $27,000 after buying an additional 141 shares during the last quarter. Garrett Wealth Advisory Group LLC acquired a new stake in Walt Disney in the 3rd quarter valued at approximately $36,000. SRS Capital Advisors Inc. acquired a new stake in Walt Disney in the 2nd quarter valued at approximately $39,000. Advocacy Wealth Management Services LLC grew its holdings in Walt Disney by 52.8% in the 3rd quarter. Advocacy Wealth Management Services LLC now owns 382 shares of the entertainment giant’s stock valued at $50,000 after buying an additional 132 shares during the last quarter. Finally, MRA Associates USA LLC acquired a new stake in Walt Disney in the 2nd quarter valued at approximately $53,000. 68.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DIS stock opened at $133.17 on Tuesday. The stock’s fifty day simple moving average is $133.02 and its 200 day simple moving average is $135.36. 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 firm has a market cap of $234.65 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 4.39 and a beta of 0.96. Walt Disney Co has a one year low of $100.35 and a one year high of $147.15.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.41). The company had revenue of $20.25 billion during the quarter, compared to analyst estimates of $21.40 billion. Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. Walt Disney’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.87 EPS. On average, research analysts anticipate that Walt Disney Co will post 5.74 earnings per share for the current year.

Several analysts have recently weighed in on DIS shares. JPMorgan Chase & Co. set a $150.00 price objective on Walt Disney and gave the stock a “buy” rating in a report on Wednesday, October 9th. Credit Suisse Group reissued a “buy” rating and set a $150.00 price objective on shares of Walt Disney in a report on Thursday, August 8th. Tigress Financial reissued a “buy” rating on shares of Walt Disney in a report on Monday, August 26th. Bank of America set a $168.00 price objective on Walt Disney and gave the stock a “buy” rating in a report on Monday, June 24th. Finally, Imperial Capital decreased their price objective on Walt Disney from $140.00 to $139.00 and set an “in-line” rating on the stock in a report on Thursday, September 19th. Seven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $151.31.

In related news, EVP Brent Woodford sold 2,200 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $146.68, for a total value of $322,696.00. Following the sale, the executive vice president now owns 34,679 shares of the company’s stock, valued at approximately $5,086,715.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.36% of the stock is owned by insiders.

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.

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

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