Paulson Wealth Management Inc. bought a new position in The Walt Disney Company (NYSE:DIS – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,278 shares of the entertainment giant’s stock, valued at approximately $203,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Walt Disney by 102,919.5% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 458,556,073 shares of the entertainment giant’s stock worth $40,939,886,000 after buying an additional 458,110,957 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in Walt Disney by 109,924.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock valued at $2,056,126,000 after acquiring an additional 23,644,765 shares during the period. Norges Bank purchased a new position in Walt Disney in the fourth quarter worth about $1,433,075,000. Providence Capital Advisors LLC boosted its position in Walt Disney by 11,064.4% in the first quarter. Providence Capital Advisors LLC now owns 10,982,227 shares of the entertainment giant’s stock worth $109,679,000 after purchasing an additional 10,883,859 shares during the last quarter. Finally, Trian Fund Management L.P. bought a new stake in shares of Walt Disney during the 4th quarter valued at about $784,509,000. Institutional investors own 61.17% of the company’s stock.
Walt Disney Price Performance
NYSE DIS traded down $0.49 on Thursday, reaching $84.19. The company had a trading volume of 1,731,085 shares, compared to its average volume of 13,032,808. The stock has a market capitalization of $154.05 billion, a PE ratio of 68.85, a price-to-earnings-growth ratio of 1.30 and a beta of 1.27. The Walt Disney Company has a 12 month low of $78.73 and a 12 month high of $118.18. The company has a quick ratio of 1.00, a current ratio of 1.07 and a debt-to-equity ratio of 0.44. The firm’s 50 day moving average price is $83.64 and its 200 day moving average price is $89.44.
Walt Disney (NYSE:DIS – Get Free Report) last issued its earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. Walt Disney had a return on equity of 6.45% and a net margin of 2.56%. The firm had revenue of $22.33 billion for the quarter, compared to analysts’ expectations of $22.50 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The business’s revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts predict that The Walt Disney Company will post 3.66 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the stock. Truist Financial reissued a “buy” rating and issued a $105.00 price objective on shares of Walt Disney in a report on Tuesday, September 19th. Wells Fargo & Company dropped their price target on shares of Walt Disney from $146.00 to $110.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 5th. UBS Group reduced their price objective on Walt Disney from $122.00 to $110.00 and set a “buy” rating for the company in a research note on Monday. Citigroup cut their price target on Walt Disney from $125.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, August 16th. Finally, StockNews.com started coverage on Walt Disney in a research note on Thursday, October 5th. They issued a “sell” rating on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.40.
Read Our Latest Report on Walt Disney
Insiders Place Their Bets
In other news, EVP Sonia L. Coleman sold 959 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $89.05, for a total transaction of $85,398.95. Following the completion of the transaction, the executive vice president now directly owns 961 shares in the company, valued at approximately $85,577.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.
About Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
See Also
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.