Walt Disney Co (NYSE:DIS) Shares Bought by KG&L Capital Management LLC

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KG&L Capital Management LLC grew its holdings in shares of Walt Disney Co (NYSE:DIS) by 15.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,124 shares of the entertainment giant’s stock after purchasing an additional 1,235 shares during the period. KG&L Capital Management LLC’s holdings in Walt Disney were worth $1,017,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Walt Disney by 14.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 496,070 shares of the entertainment giant’s stock worth $71,747,000 after acquiring an additional 63,786 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Walt Disney by 91.0% in the 4th quarter. Renaissance Technologies LLC now owns 923,827 shares of the entertainment giant’s stock worth $133,613,000 after acquiring an additional 440,100 shares during the period. STA Wealth Management LLC grew its holdings in shares of Walt Disney by 21.3% in the 4th quarter. STA Wealth Management LLC now owns 3,146 shares of the entertainment giant’s stock worth $455,000 after acquiring an additional 552 shares during the period. Saturna Capital CORP acquired a new stake in shares of Walt Disney in the 4th quarter worth approximately $253,000. Finally, Cipher Capital LP grew its holdings in shares of Walt Disney by 244.8% in the 4th quarter. Cipher Capital LP now owns 95,450 shares of the entertainment giant’s stock worth $13,805,000 after acquiring an additional 67,768 shares during the period. Institutional investors own 62.81% of the company’s stock.

DIS has been the topic of a number of analyst reports. UBS Group reiterated a “hold” rating and set a $126.00 target price on shares of Walt Disney in a report on Thursday, June 25th. Imperial Capital reiterated a “sell” rating and set a $105.00 target price on shares of Walt Disney in a report on Monday, June 22nd. Macquarie reiterated a “buy” rating and set a $140.00 target price on shares of Walt Disney in a report on Friday, June 19th. Argus lowered their target price on Walt Disney from $160.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Finally, BMO Capital Markets lowered their target price on Walt Disney from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $127.36.

Shares of DIS traded down $0.51 during trading hours on Thursday, hitting $116.15. The stock had a trading volume of 6,442,591 shares, compared to its average volume of 13,549,757. Walt Disney Co has a 12-month low of $79.07 and a 12-month high of $153.41. The firm has a market cap of $210.72 billion, a P/E ratio of 39.46, a P/E/G ratio of 12.45 and a beta of 1.10. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.89 and a current ratio of 0.94. The company’s fifty day simple moving average is $116.73 and its 200 day simple moving average is $120.45.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.23). Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The company had revenue of $18.01 billion during the quarter, compared to analyst estimates of $17.49 billion. During the same quarter in the prior year, the company posted $1.61 earnings per share. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. As a group, sell-side analysts predict that Walt Disney Co will post 1.46 earnings per share for the current fiscal 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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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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