Walt Disney Co (NYSE:DIS) Stake Increased by Front Row Advisors LLC

Front Row Advisors LLC increased its stake in Walt Disney Co (NYSE:DIS) by 8.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,551 shares of the entertainment giant’s stock after buying an additional 695 shares during the period. Front Row Advisors LLC’s holdings in Walt Disney were worth $925,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in Walt Disney by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 25,971,783 shares of the entertainment giant’s stock worth $3,748,495,000 after purchasing an additional 548,830 shares during the period. Norges Bank acquired a new position in Walt Disney in the fourth quarter worth $2,572,048,000. Charles Schwab Investment Management Inc. boosted its holdings in Walt Disney by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,269,782 shares of the entertainment giant’s stock worth $1,196,059,000 after purchasing an additional 100,637 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Walt Disney by 7.1% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,768,687 shares of the entertainment giant’s stock worth $750,455,000 after purchasing an additional 512,407 shares during the period. Finally, Parnassus Investments CA boosted its holdings in Walt Disney by 1.2% in the fourth quarter. Parnassus Investments CA now owns 7,031,692 shares of the entertainment giant’s stock worth $1,016,993,000 after purchasing an additional 85,048 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Shares of Walt Disney stock opened at $118.02 on Friday. 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 company’s 50-day moving average price is $104.80 and its two-hundred day moving average price is $127.09. Walt Disney Co has a 52 week low of $79.07 and a 52 week high of $153.41. The stock has a market cap of $212.83 billion, a PE ratio of 39.87, a price-to-earnings-growth ratio of 11.04 and a beta of 1.08.

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

Several brokerages have recently issued reports on DIS. Atlantic Securities raised shares of Walt Disney from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $153.00 to $119.00 in a report on Thursday, April 2nd. Morgan Stanley reduced their price target on shares of Walt Disney from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, May 4th. Zacks Investment Research downgraded shares of 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. Loop Capital downgraded shares of Walt Disney from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a report on Tuesday. Finally, Argus reduced their price target on shares of Walt Disney from $160.00 to $130.00 and set a “buy” rating for the company in a report on Friday, March 13th. Fourteen analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $126.58.

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

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