Today: Allegis Investment Advisors LLC Acquires 960 Shares of Today: Walt Disney Co. (DIS)

Today: Allegis Investment Advisors LLC Acquires 960 Shares of Today: Walt Disney Co. (DIS)

Allegis Investment Advisors LLC boosted its stake in The Walt Disney Co. (NYSE:DIS) by 42.1% during the second quarter, Holdings Channel reports. The firm owned 3,241 shares of the entertainment giant’s stock after buying an additional 960 shares during the period. Allegis Investment Advisors LLC’s holdings in The Walt Disney were worth $314,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of The Walt Disney by 23.5% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,665 shares of the entertainment giant’s stock valued at $162,000 after buying an additional 317 shares in the last quarter. Hemenway Trust Co LLC raised its stake in shares of The Walt Disney by 28.2% in the second quarter. Hemenway Trust Co LLC now owns 9,570 shares of the entertainment giant’s stock valued at $936,000 after buying an additional 2,105 shares in the last quarter. Wharton Business Group LLC bought a new stake in shares of The Walt Disney during the second quarter valued at approximately $210,000. Geneva Advisors LLC raised its stake in shares of The Walt Disney by 5.6% in the second quarter. Geneva Advisors LLC now owns 131,731 shares of the entertainment giant’s stock valued at $12,886,000 after buying an additional 6,963 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in shares of The Walt Disney by 10.2% in the second quarter. Oppenheimer & Co. Inc. now owns 192,516 shares of the entertainment giant’s stock valued at $18,832,000 after buying an additional 17,772 shares in the last quarter. 57.96% of the stock is owned by institutional investors and hedge funds.

Shares of The Walt Disney Co. (NYSE:DIS) traded down 0.18% during mid-day trading on Monday, hitting $91.14. 666,645 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $92.91 and a 200-day moving average price of $97.49. The company has a market capitalization of $146.47 billion, a price-to-earnings 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 posted its quarterly earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.01. The Walt Disney had a net margin of 16.48% and a return on equity of 19.98%. The firm had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter in the previous year, the company earned $1.45 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. On average, equities analysts anticipate that The Walt Disney Co. will post $5.78 EPS for the current year.

Several equities research analysts recently commented on the stock. Morgan Stanley reiterated a “hold” rating on shares of The Walt Disney in a research note on Sunday, July 17th. FBR & Co reiterated a “hold” rating on shares of The Walt Disney in a research note on Sunday, September 4th. Wells Fargo & Co. lowered shares of The Walt Disney to a “hold” rating in a research note on Thursday, August 25th. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $108.00 price target (down from $109.00) on shares of The Walt Disney in a research note on Thursday, August 11th. Finally, Brean Capital reiterated a “hold” rating on shares of The Walt Disney in a research note on Thursday, August 11th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $109.56.

About The Walt Disney

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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