Walt Disney Co (NYSE:DIS) Shares Acquired by McGuire Investment Group LLC

McGuire Investment Group LLC lifted its stake in shares of Walt Disney Co (NYSE:DIS) by 8.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,321 shares of the entertainment giant’s stock after buying an additional 265 shares during the period. McGuire Investment Group LLC’s holdings in Walt Disney were worth $370,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of DIS. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Walt Disney by 14.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 496,070 shares of the entertainment giant’s stock worth $71,747,000 after buying an additional 63,786 shares during the period. Vigilare Wealth Management acquired a new stake in shares of Walt Disney during the fourth quarter worth $1,823,000. CSat Investment Advisory L.P. lifted its stake in shares of Walt Disney by 18.7% during the fourth quarter. CSat Investment Advisory L.P. now owns 6,183 shares of the entertainment giant’s stock worth $894,000 after buying an additional 974 shares during the period. Meeder Asset Management Inc. lifted its position in Walt Disney by 0.4% during the fourth quarter. Meeder Asset Management Inc. now owns 28,251 shares of the entertainment giant’s stock valued at $4,087,000 after purchasing an additional 107 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in Walt Disney by 8,507.7% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,357 shares of the entertainment giant’s stock valued at $486,000 after purchasing an additional 3,318 shares during the period. Institutional investors and hedge funds own 62.66% of the company’s stock.

A number of research firms recently issued reports on DIS. Atlantic Securities upgraded shares of Walt Disney from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $153.00 to $119.00 in a research report on Thursday, April 2nd. Wells Fargo & Co boosted their target price on shares of Walt Disney from $107.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, June 19th. Zacks Investment Research downgraded shares of Walt Disney from a “hold” rating to a “strong sell” rating and set a $124.00 target price for the company. in a research report on Wednesday, June 17th. Credit Suisse Group downgraded shares of Walt Disney from an “outperform” rating to a “neutral” rating and set a $116.00 target price for the company. in a research report on Monday, April 20th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Walt Disney in a research report on Friday, May 8th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $127.73.

NYSE DIS traded down $0.37 during trading hours on Tuesday, hitting $115.85. 129,743 shares of the company’s stock traded hands, compared to its average volume of 12,823,856. Walt Disney Co has a 52-week low of $79.07 and a 52-week high of $153.41. The company has a market capitalization of $209.96 billion, a PE ratio of 39.24, a PEG ratio of 13.22 and a beta of 1.10. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.94 and a quick ratio of 0.89. The firm’s 50-day moving average is $116.79 and its 200-day moving average is $119.75.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.23). Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The business had revenue of $18.01 billion for the quarter, compared to analysts’ expectations of $17.49 billion. During the same period in the prior year, the company posted $1.61 EPS. The firm’s revenue was up 20.7% on a year-over-year basis. Equities research analysts predict that Walt Disney Co will post 1.44 earnings per share for the current fiscal 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.

Read More: What is a Derivative?

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).

Institutional Ownership by Quarter for Walt Disney (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.