The Palisades Hudson Asset Management L.P. decides to keep it stake in The Walt Disney Co. (DIS) to the level of $323,000

The Palisades Hudson Asset Management L.P. decides to keep it stake in The Walt Disney Co. (DIS) to the level of $323,000

Palisades Hudson Asset Management L.P. maintained its position in shares of The Walt Disney Co. (NYSE:DIS) during the second quarter, Holdings Channel reports. The fund owned 3,298 shares of the entertainment giant’s stock at the end of the second quarter. Palisades Hudson Asset Management L.P.’s holdings in The Walt Disney were worth $323,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Fisher Asset Management LLC raised its stake in shares of The Walt Disney by 0.4% in the first quarter. Fisher Asset Management LLC now owns 8,645,687 shares of the entertainment giant’s stock worth $852,378,000 after buying an additional 30,396 shares during the period. Davis R M Inc. raised its stake in shares of The Walt Disney by 1.3% in the first quarter. Davis R M Inc. now owns 294,780 shares of the entertainment giant’s stock worth $29,275,000 after buying an additional 3,761 shares during the period. McQueen Ball & Associates Inc. bought a new stake in shares of The Walt Disney during the first quarter worth about $429,000. Laurel Grove Capital LLC raised its stake in shares of The Walt Disney by 17.2% in the first quarter. Laurel Grove Capital LLC now owns 59,864 shares of the entertainment giant’s stock worth $5,945,000 after buying an additional 8,770 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in shares of The Walt Disney during the first quarter worth about $566,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Shares of The Walt Disney Co. (NYSE:DIS) traded down 0.501% on Friday, hitting $92.365. The stock had a trading volume of 2,757,212 shares. The stock has a market capitalization of $148.44 billion, a P/E ratio of 16.600 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 firm has a 50-day moving average price of $93.65 and a 200-day moving average price of $97.74.

The Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, August 9th. The entertainment giant reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter in the prior year, the company earned $1.45 earnings per share. The Walt Disney’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 fiscal year.

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley restated a “hold” rating on shares of The Walt Disney in a research note on Sunday, July 17th. FBR & Co restated 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 objective (down previously 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 investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $109.71.

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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