Hoylecohen LLC Increases Stock Position in Walt Disney Co (NYSE:DIS)

Hoylecohen LLC lifted its holdings in Walt Disney Co (NYSE:DIS) by 2.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 42,390 shares of the entertainment giant’s stock after purchasing an additional 919 shares during the period. Hoylecohen LLC’s holdings in Walt Disney were worth $4,727,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. TD Capital Management LLC purchased a new stake in Walt Disney during the first quarter valued at approximately $29,000. Carolina Wealth Advisors LLC lifted its position in Walt Disney by 53.3% during the first quarter. Carolina Wealth Advisors LLC now owns 328 shares of the entertainment giant’s stock valued at $32,000 after acquiring an additional 114 shares during the last quarter. Marquette Asset Management LLC lifted its position in Walt Disney by 3,500.0% during the first quarter. Marquette Asset Management LLC now owns 360 shares of the entertainment giant’s stock valued at $35,000 after acquiring an additional 350 shares during the last quarter. Horan Securities Inc. purchased a new stake in Walt Disney during the first quarter valued at approximately $36,000. Finally, Selective Wealth Management Inc. lifted its position in Walt Disney by 50.6% during the second quarter. Selective Wealth Management Inc. now owns 372 shares of the entertainment giant’s stock valued at $42,000 after acquiring an additional 125 shares during the last quarter. 62.66% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently commented on DIS shares. Cowen cut shares of Walt Disney from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $101.00 to $97.00 in a research report on Thursday, July 16th. Credit Suisse Group lowered shares of Walt Disney from an “outperform” rating to a “neutral” rating and set a $116.00 price target on the stock. in a research note on Monday, April 20th. Rosenblatt Securities restated a “buy” rating and set a $130.00 price target on shares of Walt Disney in a research note on Wednesday, May 6th. BMO Capital Markets cut their price target on shares of Walt Disney from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Finally, Citigroup cut their price target on shares of Walt Disney from $161.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have assigned a buy rating to the stock. Walt Disney currently has an average rating of “Hold” and an average price target of $125.35.

DIS stock opened at $116.94 on Friday. The firm has a market cap of $208.91 billion, a PE ratio of 25.42, a P/E/G ratio of 13.36 and a beta of 1.10. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.89 and a current ratio of 0.94. The firm’s fifty day moving average is $115.68 and its 200 day moving average is $117.27. Walt Disney Co has a one year low of $79.07 and a one year high of $153.41.

Walt Disney (NYSE:DIS) last released its quarterly 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 firm had revenue of $18.01 billion for the quarter, compared to analyst estimates of $17.49 billion. Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.61 EPS. Research analysts predict that Walt Disney Co will post 1.38 earnings per share 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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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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