Avestar Capital LLC boosted its stake in shares of Walt Disney Co (NYSE:DIS) by 12.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,332 shares of the entertainment giant’s stock after acquiring an additional 250 shares during the quarter. Avestar Capital LLC’s holdings in Walt Disney were worth $260,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. TD Capital Management LLC acquired a new stake in shares of Walt Disney in the 1st quarter valued at approximately $29,000. Carolina Wealth Advisors LLC raised its holdings in shares of Walt Disney by 53.3% in the first quarter. Carolina Wealth Advisors LLC now owns 328 shares of the entertainment giant’s stock valued at $32,000 after purchasing an additional 114 shares during the last quarter. Marquette Asset Management LLC raised its holdings in shares of Walt Disney by 3,500.0% in the first quarter. Marquette Asset Management LLC now owns 360 shares of the entertainment giant’s stock valued at $35,000 after purchasing an additional 350 shares during the last quarter. Horan Securities Inc. acquired a new stake in shares of Walt Disney in the first quarter valued at approximately $36,000. Finally, Selective Wealth Management Inc. raised its holdings in shares of Walt Disney by 50.6% in the second quarter. Selective Wealth Management Inc. now owns 372 shares of the entertainment giant’s stock valued at $42,000 after purchasing an additional 125 shares during the last quarter. 62.66% of the stock is currently owned by institutional investors.
A number of research firms have recently issued reports on DIS. Citigroup lowered their price objective on shares of Walt Disney from $161.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Morgan Stanley raised their target price on shares of Walt Disney from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, June 24th. BMO Capital Markets reduced their price objective on shares of Walt Disney from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Sanford C. Bernstein reduced their price objective on shares of Walt Disney from $100.00 to $96.00 and set a “market perform” rating for the company in a research report on Wednesday, May 6th. Finally, Cowen cut shares of Walt Disney from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $101.00 to $97.00 in a research report on Thursday, July 16th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $125.35.
Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.23). The business had revenue of $18.01 billion for the quarter, compared to analyst estimates of $17.49 billion. Walt Disney had a return on equity of 9.09% and a net margin of 6.88%. The firm’s revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.61 EPS. On average, analysts anticipate that Walt Disney Co will post 1.38 EPS for the current fiscal year.
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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