Walt Disney Co (NYSE:DIS) Stock Holdings Lifted by Cetera Advisor Networks LLC

Cetera Advisor Networks LLC raised its position in Walt Disney Co (NYSE:DIS) by 2.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,888 shares of the entertainment giant’s stock after purchasing an additional 1,970 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Walt Disney were worth $11,873,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DIS. Phocas Financial Corp. grew its stake in Walt Disney by 1,011,623.0% in the second quarter. Phocas Financial Corp. now owns 65,691,172 shares of the entertainment giant’s stock valued at $917,000 after purchasing an additional 65,684,679 shares in the last quarter. Nuveen Asset Management LLC grew its stake in Walt Disney by 6,385.2% in the second quarter. Nuveen Asset Management LLC now owns 16,253,462 shares of the entertainment giant’s stock valued at $2,269,633,000 after purchasing an additional 16,002,838 shares in the last quarter. Jennison Associates LLC grew its stake in Walt Disney by 2,490.8% in the second quarter. Jennison Associates LLC now owns 7,164,008 shares of the entertainment giant’s stock valued at $1,000,382,000 after purchasing an additional 6,887,494 shares in the last quarter. Morgan Stanley grew its stake in Walt Disney by 29.9% in the second quarter. Morgan Stanley now owns 27,743,170 shares of the entertainment giant’s stock valued at $3,874,059,000 after purchasing an additional 6,386,504 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Walt Disney by 3.3% in the second quarter. Vanguard Group Inc. now owns 131,103,772 shares of the entertainment giant’s stock valued at $18,307,330,000 after purchasing an additional 4,142,604 shares in the last quarter. Hedge funds and other institutional investors own 68.47% of the company’s stock.

Several analysts have recently issued reports on DIS shares. ValuEngine downgraded Walt Disney from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Tigress Financial reiterated a “buy” rating on shares of Walt Disney in a research note on Monday, August 26th. Sanford C. Bernstein set a $130.00 price target on Walt Disney and gave the stock a “hold” rating in a research note on Thursday, September 12th. Evercore ISI reiterated a “buy” rating and set a $155.00 price target on shares of Walt Disney in a research note on Monday. Finally, Morgan Stanley set a $160.00 price target on Walt Disney and gave the stock a “buy” rating in a research note on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Walt Disney has a consensus rating of “Buy” and an average price target of $152.70.

Shares of NYSE:DIS opened at $148.72 on Thursday. The business has a 50 day moving average price of $131.68 and a 200 day moving average price of $136.28. Walt Disney Co has a twelve month low of $100.35 and a twelve month high of $149.92. The company has a market cap of $246.32 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 5.01 and a beta of 0.96. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 0.41.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.12. Walt Disney had a return on equity of 11.38% and a net margin of 15.89%. The firm had revenue of $19.10 billion during the quarter, compared to the consensus estimate of $19.02 billion. During the same quarter in the prior year, the company earned $1.48 EPS. The firm’s revenue for the quarter was up 33.6% compared to the same quarter last year. Analysts anticipate that Walt Disney Co will post 5.62 EPS 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.

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

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