Aviance Capital Partners LLC lowered its holdings in The Walt Disney Company (NYSE:DIS) by 25.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,127 shares of the entertainment giant’s stock after selling 5,206 shares during the quarter. Aviance Capital Partners LLC’s holdings in The Walt Disney were worth $1,626,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Icon Wealth Partners LLC bought a new stake in shares of The Walt Disney in the 4th quarter valued at about $116,000. Almanack Investment Partners LLC. bought a new stake in shares of The Walt Disney in the 4th quarter valued at about $118,000. Front Row Advisors LLC bought a new stake in shares of The Walt Disney in the 4th quarter valued at about $122,000. Malaga Cove Capital LLC bought a new stake in shares of The Walt Disney in the 3rd quarter valued at about $140,000. Finally, Wealthcare Advisory Partners LLC bought a new position in shares of The Walt Disney during the 3rd quarter worth approximately $142,000. Institutional investors and hedge funds own 62.74% of the company’s stock.
DIS has been the subject of several recent analyst reports. Jefferies Group reiterated a “hold” rating and set a $112.00 price objective on shares of The Walt Disney in a research note on Wednesday, February 7th. Pivotal Research upgraded shares of The Walt Disney from a “sell” rating to a “hold” rating and reduced their price objective for the stock from $94.00 to $93.00 in a research note on Tuesday, April 17th. B. Riley boosted their price objective on shares of The Walt Disney from $122.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Vetr lowered shares of The Walt Disney from a “strong-buy” rating to a “buy” rating and set a $111.04 price objective for the company. in a research note on Monday, April 2nd. Finally, Loop Capital boosted their price objective on shares of The Walt Disney from $106.00 to $108.00 and gave the stock a “hold” rating in a research note on Wednesday, January 31st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $118.56.
The Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, May 8th. The entertainment giant reported $1.84 EPS for the quarter, beating the consensus estimate of $1.70 by $0.14. The business had revenue of $14.55 billion for the quarter, compared to the consensus estimate of $14.11 billion. The Walt Disney had a net margin of 20.16% and a return on equity of 21.43%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.50 EPS. sell-side analysts predict that The Walt Disney Company will post 6.96 earnings per share for the current fiscal year.
In other news, Director Aylwin B. Lewis sold 1,797 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $108.39, for a total value of $194,776.83. Following the sale, the director now directly owns 85,636 shares of the company’s stock, valued at approximately $9,282,086.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.38% of the stock is owned by corporate insiders.
The 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 services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.
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