Regent Investment Management LLC Decreases Stock Position in Walt Disney Co (NYSE:DIS)

Regent Investment Management LLC cut its holdings in Walt Disney Co (NYSE:DIS) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,175 shares of the entertainment giant’s stock after selling 399 shares during the period. Regent Investment Management LLC’s holdings in Walt Disney were worth $2,027,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. TD Capital Management LLC acquired a new position in Walt Disney in the 1st quarter valued at about $29,000. Carolina Wealth Advisors LLC raised its stake in Walt Disney by 53.3% in the 1st 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. Sofos Investments Inc. raised its stake in Walt Disney by 238.5% in the 1st quarter. Sofos Investments Inc. now owns 1,300 shares of the entertainment giant’s stock valued at $33,000 after purchasing an additional 916 shares during the last quarter. Marquette Asset Management LLC raised its stake in Walt Disney by 3,500.0% in the 1st 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. Finally, Horan Securities Inc. acquired a new position in Walt Disney in the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 62.66% of the company’s stock.

Walt Disney stock opened at $116.94 on Friday. The stock has a market cap of $208.91 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 13.36 and a beta of 1.10. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 0.45. The stock has a 50 day moving average of $115.68 and a 200-day moving average of $117.27. Walt Disney Co has a 52 week low of $79.07 and a 52 week high of $153.41.

Walt Disney (NYSE:DIS) last released 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 analysts’ expectations of $17.49 billion. Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.61 earnings per share. As a group, equities analysts predict that Walt Disney Co will post 1.38 earnings per share for the current fiscal year.

Several brokerages recently weighed in on DIS. Cfra cut their target price on shares of Walt Disney from $160.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Zacks Investment Research downgraded shares of Walt Disney from a “hold” rating to a “strong sell” rating and set a $124.00 price objective for the company. in a research note on Wednesday, June 17th. Royal Bank of Canada dropped their price objective on shares of Walt Disney from $110.00 to $108.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Walt Disney in a research note on Friday, June 26th. Finally, Wells Fargo & Co upped their price objective on shares of Walt Disney from $107.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, June 19th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have given a buy rating to the company. Walt Disney has a consensus rating of “Hold” and a consensus price target of $125.35.

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.

Further Reading: Float

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

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