Aries Wealth Management grew its position in shares of Walt Disney Co (NYSE:DIS) by 14.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,323 shares of the entertainment giant’s stock after buying an additional 297 shares during the quarter. Aries Wealth Management’s holdings in Walt Disney were worth $255,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of the business. Contravisory Investment Management Inc. grew its position in Walt Disney by 176.4% in the fourth quarter. Contravisory Investment Management Inc. now owns 409 shares of the entertainment giant’s stock worth $45,000 after acquiring an additional 261 shares in the last quarter. Watermark Asset Management Inc. raised its stake in shares of Walt Disney by 52.2% during the fourth quarter. Watermark Asset Management Inc. now owns 446 shares of the entertainment giant’s stock valued at $49,000 after acquiring an additional 153 shares during the last quarter. Highwater Wealth Management LLC bought a new position in shares of Walt Disney during the fourth quarter valued at about $56,000. CX Institutional bought a new position in shares of Walt Disney during the fourth quarter valued at about $80,000. Finally, Canton Hathaway LLC bought a new position in shares of Walt Disney during the third quarter valued at about $107,000. 63.71% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Alan N. Braverman sold 1,153 shares of the firm’s stock in a transaction that occurred on Friday, December 28th. The shares were sold at an average price of $107.70, for a total value of $124,178.10. Following the completion of the transaction, the executive vice president now owns 106,390 shares of the company’s stock, valued at $11,458,203. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Brent Woodford sold 1,341 shares of the firm’s stock in a transaction that occurred on Friday, December 21st. The shares were sold at an average price of $107.71, for a total transaction of $144,439.11. Following the completion of the sale, the executive vice president now directly owns 28,914 shares in the company, valued at approximately $3,114,326.94. The disclosure for this sale can be found here. Insiders have sold 12,148 shares of company stock valued at $1,336,704 over the last 90 days. 0.36% of the stock is currently owned by company insiders.
DIS traded up $0.39 during trading on Thursday, hitting $114.48. The company’s stock had a trading volume of 17,409,518 shares, compared to its average volume of 8,150,915. The company has a current ratio of 1.00, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32. Walt Disney Co has a one year low of $97.68 and a one year high of $120.20. The company has a market capitalization of $171.04 billion, a PE ratio of 16.17, a PEG ratio of 2.75 and a beta of 0.91.
Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, February 5th. The entertainment giant reported $1.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.27. The firm had revenue of $15.30 billion for the quarter, compared to the consensus estimate of $15.20 billion. Walt Disney had a net margin of 18.46% and a return on equity of 20.50%. The company’s revenue was down .3% on a year-over-year basis. During the same period last year, the firm earned $1.89 EPS. Equities analysts forecast that Walt Disney Co will post 7.09 earnings per share for the current fiscal year.
A number of research firms recently issued reports on DIS. BMO Capital Markets increased their price target on shares of Walt Disney from $109.00 to $114.00 and gave the stock a “market perform” rating in a research note on Thursday, February 7th. Credit Suisse Group reissued a “hold” rating and issued a $114.00 price target on shares of Walt Disney in a research note on Tuesday, January 22nd. Edward Jones raised shares of Walt Disney from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Imperial Capital upgraded shares of Walt Disney from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $113.00 to $129.00 in a report on Tuesday, November 27th. Finally, Wolfe Research began coverage on shares of Walt Disney in a report on Friday, December 7th. They issued an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. Walt Disney currently has a consensus rating of “Buy” and a consensus target price of $124.84.
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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