Television company

Foundations Investment Advisors LLC increases its equity position in The Walt Disney Company (NYSE:DIS)


Foundations Investment Advisors LLC raised its position in The Walt Disney Company (NYSE: DIS – Get Rating) by 4.4% in the first quarter, according to its latest filing with the Securities and Exchange Commission. The institutional investor held 9,420 shares of the entertainment giant after purchasing an additional 401 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Walt Disney were worth $1,229,000 at the end of the last quarter.

Other institutional investors and hedge funds have also been buying and selling shares of the company recently. Cypress Asset Management Inc. TX increased its position in Walt Disney by 0.4% during the 4th quarter. Cypress Asset Management Inc. TX now owns 19,913 shares of the entertainment giant valued at $3,084,000 after buying 74 additional shares in the last quarter. Capital City Trust Co. FL increased its position in Walt Disney by 1.4% during the 4th quarter. Capital City Trust Co. FL now owns 5,507 shares of the entertainment giant valued at $853,000 after buying 75 additional shares in the last quarter. American Research & Management Co. raised its position in Walt Disney by 6.6% in the 4th quarter. American Research & Management Co. now owns 1,216 shares of the entertainment giant valued at $188,000 after buying 75 more shares in the last quarter. Sterling Investment Advisors Ltd. increased its position in Walt Disney by 1.0% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 7,496 shares of the entertainment giant valued at $1,161,000 after buying an additional 75 shares in the last quarter. Finally, Advanced Research Investment Solutions LLC increased its position in Walt Disney by 46.0% during the 4th quarter. Advanced Research Investment Solutions LLC now owns 238 shares of the entertainment giant valued at $36,000 after buying 75 additional shares in the last quarter. Hedge funds and other institutional investors hold 64.17% of the company’s shares.

A number of research analysts have weighed in on DIS shares. Deutsche Bank Aktiengesellschaft cut its target price on Walt Disney from $191.00 to $130.00 in a Monday, June 6 report. Morgan Stanley cut its price target on Walt Disney from $170.00 to $125.00 and set an “overweight” rating on the stock in a report Thursday. Wells Fargo & Company cut its target price on Walt Disney from $182.00 to $153.00 in a report Thursday, May 12. Wolfe Research cut its price target on Walt Disney from $211.00 to $128.00 and set an “outperform” rating on the stock in a Thursday, June 2 report. Finally, Moffett Nathanson cut his price target on Walt Disney from $165.00 to $150.00 and set a “neutral” rating on the stock in a Monday, March 7 report. One research analyst gave the stock a sell rating, five issued a hold rating and eighteen gave the company a buy rating. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $165.76.

Shares of DIS opened at $96.14 on Friday. The company’s fifty-day simple moving average is $104.51 and its two-hundred-day simple moving average is $129.84. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt ratio of 0.49. The Walt Disney Company has a 12-month low of $92.01 and a 12-month high of $187.58. The company has a market capitalization of $175.04 billion, a price/earnings ratio of 66.30, a P/E/G ratio of 1.14 and a beta of 1.21.

Walt Disney (NYSE:DIS – Get Rating) last released its quarterly results on Wednesday, May 11. The entertainment giant reported earnings per share of $1.08 for the quarter, missing the consensus estimate of $1.19 per ($0.11). Walt Disney had a net margin of 3.46% and a return on equity of 6.87%. During the same period of the previous year, the company achieved EPS of $0.79. As a group, research analysts expect The Walt Disney Company to post EPS of 4.03 for the current year.

About Walt Disney (Get a rating)

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

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Institutional ownership by quarter for Walt Disney (NYSE:DIS)



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