Heathbridge Capital Management Ltd. Has $21.02 Million Stake in Walt Disney Co (NYSE:DIS)

Heathbridge Capital Management Ltd. grew its position in Walt Disney Co (NYSE:DIS) by 7.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 217,600 shares of the entertainment giant’s stock after acquiring an additional 15,600 shares during the quarter. Walt Disney accounts for about 5.6% of Heathbridge Capital Management Ltd.’s holdings, making the stock its 10th largest position. Heathbridge Capital Management Ltd.’s holdings in Walt Disney were worth $21,020,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. TD Capital Management LLC bought a new stake in shares of Walt Disney in the 1st quarter worth approximately $29,000. Carolina Wealth Advisors LLC bought a new position in shares of Walt Disney during the 4th quarter worth approximately $31,000. Cox Capital Mgt LLC bought a new position in shares of Walt Disney during the 1st quarter worth approximately $34,000. Marquette Asset Management LLC lifted its position in shares of Walt Disney by 3,500.0% during the 1st quarter. Marquette Asset Management LLC now owns 360 shares of the entertainment giant’s stock worth $35,000 after buying an additional 350 shares during the period. Finally, Horan Securities Inc. bought a new position in shares of Walt Disney during the 1st quarter worth approximately $36,000. Institutional investors own 63.10% of the company’s stock.

DIS stock opened at $118.02 on Friday. The business’s 50-day moving average price is $104.80 and its two-hundred day moving average price is $127.09. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 0.45. The firm has a market cap of $212.83 billion, a PE ratio of 39.87, a P/E/G ratio of 11.04 and a beta of 1.08. Walt Disney Co has a 1-year low of $79.07 and a 1-year high of $153.41.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.23). The business had revenue of $18.01 billion for the quarter, compared to the consensus estimate of $17.49 billion. Walt Disney had a return on equity of 9.09% and a net margin of 6.88%. The business’s revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.61 earnings per share. On average, analysts forecast that Walt Disney Co will post 2.09 earnings per share for the current year.

Several research firms recently commented on DIS. Imperial Capital cut their target price on Walt Disney from $118.00 to $107.00 and set an “in-line” rating for the company in a research report on Thursday, April 2nd. TheStreet cut Walt Disney from a “b-” rating to a “c+” rating in a report on Thursday, March 12th. Zacks Investment Research cut Walt Disney from a “buy” rating to a “hold” rating and set a $122.00 price target for the company. in a report on Wednesday, March 4th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Walt Disney in a report on Friday, May 8th. Finally, Wells Fargo & Co cut Walt Disney from an “overweight” rating to an “equal weight” rating in a report on Sunday, April 19th. Fourteen equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Walt Disney has a consensus rating of “Hold” and an average target price of $126.58.

About Walt Disney

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

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