Flagship Harbor Advisors LLC Has $2.91 Million Stock Position in The Walt Disney Company (NYSE:DIS)

Flagship Harbor Advisors LLC raised its stake in The Walt Disney Company (NYSE:DISGet Rating) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,784 shares of the entertainment giant’s stock after buying an additional 406 shares during the period. Flagship Harbor Advisors LLC’s holdings in Walt Disney were worth $2,906,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Connections Group Inc. increased its stake in Walt Disney by 38.7% in the first quarter. Financial Connections Group Inc. now owns 330 shares of the entertainment giant’s stock valued at $45,000 after purchasing an additional 92 shares in the last quarter. Advance Capital Management Inc. increased its stake in Walt Disney by 2.2% in the first quarter. Advance Capital Management Inc. now owns 4,284 shares of the entertainment giant’s stock valued at $588,000 after purchasing an additional 92 shares in the last quarter. Waterfront Wealth Inc. increased its stake in Walt Disney by 0.9% in the fourth quarter. Waterfront Wealth Inc. now owns 10,890 shares of the entertainment giant’s stock valued at $1,687,000 after purchasing an additional 93 shares in the last quarter. Advanced Research Investment Solutions LLC increased its stake in Walt Disney by 39.1% in the first quarter. Advanced Research Investment Solutions LLC now owns 331 shares of the entertainment giant’s stock valued at $45,000 after purchasing an additional 93 shares in the last quarter. Finally, Main Street Financial Solutions LLC increased its stake in Walt Disney by 0.8% in the first quarter. Main Street Financial Solutions LLC now owns 11,507 shares of the entertainment giant’s stock valued at $1,578,000 after purchasing an additional 94 shares in the last quarter. Institutional investors and hedge funds own 61.37% of the company’s stock.

Insider Buying and Selling at Walt Disney

In other news, EVP Brent Woodford sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $119.03, for a total value of $357,090.00. Following the sale, the executive vice president now owns 28,624 shares of the company’s stock, valued at $3,407,114.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Walt Disney Stock Down 2.2 %

DIS opened at $102.16 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. The stock has a market cap of $186.24 billion, a price-to-earnings ratio of 59.40, a PEG ratio of 1.40 and a beta of 1.20. The Walt Disney Company has a twelve month low of $90.23 and a twelve month high of $179.63. The company’s 50-day moving average price is $110.43 and its two-hundred day moving average price is $113.15.

Walt Disney (NYSE:DISGet Rating) last released its earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.10. The firm had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $21.01 billion. Walt Disney had a net margin of 3.87% and a return on equity of 7.20%. The company’s quarterly revenue was up 26.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 earnings per share. As a group, equities analysts expect that The Walt Disney Company will post 3.85 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on DIS shares. Citigroup decreased their target price on shares of Walt Disney from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, July 7th. Truist Financial decreased their target price on shares of Walt Disney from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, July 26th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Walt Disney from $191.00 to $130.00 in a research report on Monday, June 6th. Wolfe Research decreased their target price on shares of Walt Disney from $211.00 to $128.00 and set an “outperform” rating for the company in a research report on Thursday, June 2nd. Finally, Credit Suisse Group decreased their target price on shares of Walt Disney from $170.00 to $157.00 and set an “outperform” rating for the company in a research report on Thursday, August 11th. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $151.48.

About Walt Disney

(Get Rating)

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

See Also

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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