Bollard Group LLC increased its position in The Walt Disney Co. (NYSE:DIS) by 10.9% during the third quarter, Holdings Channel reports. The firm owned 19,703 shares of the entertainment giant’s stock after buying an additional 1,940 shares during the period. Bollard Group LLC’s holdings in The Walt Disney were worth $1,830,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of The Walt Disney during the second quarter worth approximately $103,000. Balentine LLC raised its position in shares of The Walt Disney by 365.8% in the second quarter. Balentine LLC now owns 1,076 shares of the entertainment giant’s stock worth $105,000 after buying an additional 845 shares during the period. Krilogy Financial LLC raised its position in shares of The Walt Disney by 5.0% in the second quarter. Krilogy Financial LLC now owns 1,292 shares of the entertainment giant’s stock worth $126,000 after buying an additional 61 shares during the period. Cordasco Financial Network raised its position in shares of The Walt Disney by 149.8% in the second quarter. Cordasco Financial Network now owns 1,501 shares of the entertainment giant’s stock worth $147,000 after buying an additional 900 shares during the period. Finally, Opera Trading Capital bought a new position in shares of The Walt Disney during the first quarter worth approximately $158,000. 56.30% of the stock is currently owned by institutional investors and hedge funds.
The Walt Disney Co. (NYSE:DIS) traded up 0.15% during trading on Monday, reaching $98.97. 7,106,669 shares of the company were exchanged. The stock has a 50 day moving average price of $94.49 and a 200 day moving average price of $96.01. The firm has a market capitalization of $158.35 billion, a PE ratio of 17.27 and a beta of 1.21. The Walt Disney Co. has a 12 month low of $86.25 and a 12 month high of $115.47.
The Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 10th. The entertainment giant reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.16 by $0.06. The company earned $13.14 billion during the quarter, compared to analyst estimates of $13.71 billion. The Walt Disney had a return on equity of 19.81% and a net margin of 16.88%. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.20 EPS. On average, analysts expect that The Walt Disney Co. will post $5.95 EPS for the current fiscal year.
A number of equities analysts have recently commented on DIS shares. Hilliard Lyons raised shares of The Walt Disney to a “buy” rating in a research report on Thursday, August 25th. Citigroup Inc. dropped their price objective on shares of The Walt Disney from $120.00 to $117.00 and set a “buy” rating on the stock in a research note on Thursday, August 11th. Pivotal Research dropped their price objective on shares of The Walt Disney from $122.00 to $118.00 and set a “buy” rating on the stock in a research note on Wednesday, August 10th. Loop Capital reiterated a “buy” rating and set a $114.00 price objective on shares of The Walt Disney in a research note on Tuesday, September 27th. Finally, Nomura reiterated a “buy” rating and set a $115.00 price objective on shares of The Walt Disney in a research note on Tuesday, September 27th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $108.09.
In related news, EVP Alan N. Braverman sold 19,871 shares of the company’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $99.00, for a total value of $1,967,229.00. Following the completion of the sale, the executive vice president now owns 135,614 shares of the company’s stock, valued at $13,425,786. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.00% of the stock is currently owned by corporate insiders.
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.