NEXT Financial Group Inc Decreases Position in Walt Disney Co (DIS)
NEXT Financial Group Inc cut its stake in shares of Walt Disney Co (NYSE:DIS) by 28.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,091 shares of the entertainment giant’s stock after selling 5,639 shares during the quarter. NEXT Financial Group Inc’s holdings in Walt Disney were worth $1,545,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Litman Gregory Asset Management LLC bought a new stake in shares of Walt Disney during the 4th quarter valued at approximately $25,000. Crewe Advisors LLC grew its holdings in shares of Walt Disney by 55.6% during the 4th quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. Portfolio Solutions LLC bought a new stake in shares of Walt Disney during the 4th quarter valued at approximately $43,000. Contravisory Investment Management Inc. boosted its position in Walt Disney by 176.4% during the 4th quarter. Contravisory Investment Management Inc. now owns 409 shares of the entertainment giant’s stock worth $45,000 after buying an additional 261 shares during the period. Finally, Watermark Asset Management Inc. boosted its position in Walt Disney by 52.2% during the 4th quarter. Watermark Asset Management Inc. now owns 446 shares of the entertainment giant’s stock worth $49,000 after buying an additional 153 shares during the period. 66.71% of the stock is currently owned by institutional investors.
Several research firms recently commented on DIS. Zacks Investment Research downgraded shares of Walt Disney from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. ValuEngine upgraded shares of Walt Disney from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. Rosenblatt Securities reiterated a “buy” rating and set a $150.00 target price on shares of Walt Disney in a research report on Monday, April 8th. Citigroup lifted their target price on shares of Walt Disney from $160.00 to $161.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Finally, Imperial Capital lifted their target price on shares of Walt Disney from $129.00 to $139.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $142.42.
Shares of NYSE DIS opened at $133.91 on Tuesday. The company has a market capitalization of $199.08 billion, a PE ratio of 18.91, a PEG ratio of 3.57 and a beta of 1.00. Walt Disney Co has a 52-week low of $98.81 and a 52-week high of $142.37. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.74 and a current ratio of 0.77.
Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.02. The firm had revenue of $14.92 billion for the quarter, compared to the consensus estimate of $14.53 billion. Walt Disney had a net margin of 22.55% and a return on equity of 15.67%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.84 EPS. On average, equities research analysts expect that Walt Disney Co will post 6.67 EPS for the current year.
Walt Disney Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
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