Today: The Sigma Planning Corp invests in The Walt Disney Co. (DIS) Shares

The Sigma Planning Corp invests in The Walt Disney Co. (DIS) Shares

Sigma Planning Corp raised its position in shares of The Walt Disney Co. (NYSE:DIS) by 9.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,312 shares of the entertainment giant’s stock after buying an additional 3,728 shares during the period. Sigma Planning Corp’s holdings in The Walt Disney were worth $4,335,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC increased its stake in The Walt Disney by 1.6% in the first quarter. Geode Capital Management LLC now owns 12,328,050 shares of the entertainment giant’s stock worth $1,221,823,000 after buying an additional 191,473 shares in the last quarter. BlackRock Group LTD increased its stake in The Walt Disney by 0.6% in the first quarter. BlackRock Group LTD now owns 11,992,291 shares of the entertainment giant’s stock worth $1,190,955,000 after buying an additional 68,155 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in The Walt Disney by 6.5% in the first quarter. TIAA CREF Investment Management LLC now owns 10,992,868 shares of the entertainment giant’s stock worth $1,091,702,000 after buying an additional 674,334 shares in the last quarter. Fisher Asset Management LLC increased its stake in The Walt Disney by 0.3% in the second quarter. Fisher Asset Management LLC now owns 8,674,051 shares of the entertainment giant’s stock worth $867,232,000 after buying an additional 28,364 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in The Walt Disney by 1.0% in the first quarter. Legal & General Group Plc now owns 6,983,106 shares of the entertainment giant’s stock worth $693,503,000 after buying an additional 69,928 shares in the last quarter. Institutional investors and hedge funds own 57.92% of the company’s stock.

Shares of The Walt Disney Co. (NYSE:DIS) traded down 0.32% during mid-day trading on Thursday, reaching $91.12. The company’s stock had a trading volume of 5,725,139 shares. The company has a 50-day moving average price of $93.17 and a 200 day moving average price of $97.59. The company has a market cap of $146.44 billion, a PE ratio of 16.38 and a beta of 1.25. The Walt Disney Co. has a 52-week low of $86.25 and a 52-week high of $120.65.

The Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.01. The Walt Disney had a return on equity of 19.98% and a net margin of 16.48%. The firm earned $14.20 billion during the quarter, compared to analysts’ expectations of $14.16 billion. During the same quarter last year, the business posted $1.45 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. Equities analysts expect that The Walt Disney Co. will post $5.78 earnings per share for the current year.

Several analysts have recently commented on DIS shares. Stifel Nicolaus downgraded shares of The Walt Disney from a “buy” rating to a “hold” rating and set a $110.00 price objective for the company. in a research report on Wednesday, July 20th. They noted that the move was a valuation call. Barclays PLC reaffirmed an “underweight” rating and set a $89.00 price objective on shares of The Walt Disney in a research report on Thursday, June 30th. Citigroup Inc. reduced their price objective on shares of The Walt Disney from $120.00 to $117.00 and set a “buy” rating for the company in a research report on Thursday, August 11th. Morgan Stanley raised their price objective on shares of The Walt Disney from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 14th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $118.00 price objective on shares of The Walt Disney in a research report on Saturday, August 13th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $109.71.

The Walt Disney Company Profile

The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.

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