Todays Report: The Walt Disney Co. (DIS) Position Boosted by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

The Walt Disney Co. (DIS) Position Boosted by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of The Walt Disney Co. (NYSE:DIS) by 9.5% during the second quarter, Holdings Channel reports. The firm owned 581,708 shares of the entertainment giant’s stock after buying an additional 50,299 shares during the period. The Walt Disney makes up 1.5% of Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings, making the stock its 7th largest position. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in The Walt Disney were worth $56,903,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. United Asset Strategies Inc. raised its position in The Walt Disney by 4.0% in the second quarter. United Asset Strategies Inc. now owns 8,534 shares of the entertainment giant’s stock valued at $835,000 after buying an additional 330 shares during the period. Fort Pitt Capital Group LLC raised its position in The Walt Disney by 4.3% in the second quarter. Fort Pitt Capital Group LLC now owns 3,876 shares of the entertainment giant’s stock valued at $379,000 after buying an additional 159 shares during the period. Putnam FL Investment Management Co. raised its position in The Walt Disney by 0.5% in the second quarter. Putnam FL Investment Management Co. now owns 117,775 shares of the entertainment giant’s stock valued at $11,521,000 after buying an additional 601 shares during the period. South Texas Money Management Ltd. raised its position in The Walt Disney by 1.1% in the second quarter. South Texas Money Management Ltd. now owns 335,984 shares of the entertainment giant’s stock valued at $32,866,000 after buying an additional 3,608 shares during the period. Finally, TradeLink Capital LLC bought a new position in The Walt Disney during the second quarter valued at $287,000. Institutional investors own 57.96% of the company’s stock.

Shares of The Walt Disney Co. (NYSE:DIS) traded down 0.18% during midday trading on Friday, hitting $93.85. 7,309,117 shares of the stock were exchanged. The firm’s 50 day moving average is $92.47 and its 200-day moving average is $97.13. The stock has a market capitalization of $150.83 billion, a price-to-earnings ratio of 16.87 and a beta of 1.25. The Walt Disney Co. has a 1-year low of $86.25 and a 1-year high of $120.65.

The Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, August 9th. The entertainment giant reported $1.62 EPS for the quarter, topping the consensus estimate of $1.61 by $0.01. The company earned $14.20 billion during the quarter, compared to analyst estimates of $14.16 billion. The Walt Disney had a net margin of 16.48% and a return on equity of 19.98%. The Walt Disney’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.45 earnings per share. On average, analysts predict that The Walt Disney Co. will post $5.77 EPS for the current year.

Several research firms have weighed in on DIS. Brean Capital restated a “hold” rating on shares of The Walt Disney in a report on Thursday. Credit Suisse Group AG reiterated an “outperform” rating and issued a $125.00 price objective (down from $128.00) on shares of The Walt Disney in a research note on Thursday. Vetr lowered The Walt Disney from a “strong-buy” rating to a “buy” rating and set a $103.64 price objective on the stock. in a research note on Monday, October 24th. Zacks Investment Research lowered The Walt Disney from a “hold” rating to a “sell” rating in a research note on Wednesday, October 19th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $90.00 price objective (down from $95.00) on shares of The Walt Disney in a research note on Monday, October 17th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $109.21.

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.

Related posts

Leave a Comment