Merit Financial Group LLC increased its position in The Walt Disney Company (NYSE:DIS – Get Rating) by 24.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,341 shares of the entertainment giant’s stock after buying an additional 2,226 shares during the quarter. Merit Financial Group LLC’s holdings in Walt Disney were worth $1,556,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DIS. Clear Perspectives Financial Planning LLC raised its holdings in shares of Walt Disney by 126.3% during the first quarter. Clear Perspectives Financial Planning LLC now owns 181 shares of the entertainment giant’s stock valued at $25,000 after acquiring an additional 101 shares in the last quarter. Roble Belko & Company Inc boosted its stake in shares of Walt Disney by 96.2% during the 1st quarter. Roble Belko & Company Inc now owns 206 shares of the entertainment giant’s stock valued at $28,000 after purchasing an additional 101 shares in the last quarter. MBM Wealth Consultants LLC increased its position in shares of Walt Disney by 94.7% during the fourth quarter. MBM Wealth Consultants LLC now owns 220 shares of the entertainment giant’s stock valued at $34,000 after buying an additional 107 shares during the period. Joseph Group Capital Management bought a new position in Walt Disney in the fourth quarter worth about $1,573,000. Finally, Rational Advisors LLC boosted its position in Walt Disney by 74.1% during the 1st quarter. Rational Advisors LLC now owns 242 shares of the entertainment giant’s stock valued at $33,000 after acquiring an additional 103 shares in the last quarter. 61.37% of the stock is currently owned by institutional investors.
Insider Transactions at Walt Disney
In other Walt Disney news, EVP Brent Woodford sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $119.03, for a total transaction of $357,090.00. Following the completion of the transaction, the executive vice president now owns 28,624 shares in the company, valued at approximately $3,407,114.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company’s stock.
Walt Disney Trading Down 0.3 %
Walt Disney (NYSE:DIS – Get Rating) last posted its earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.10. The company had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $21.01 billion. Walt Disney had a net margin of 3.87% and a return on equity of 7.20%. Walt Disney’s quarterly revenue was up 26.5% on a year-over-year basis. During the same period last year, the company posted $0.80 earnings per share. On average, sell-side analysts anticipate that The Walt Disney Company will post 3.85 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several brokerages have recently issued reports on DIS. Truist Financial decreased their target price on Walt Disney from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, July 26th. Guggenheim upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and boosted their target price for the company from $110.00 to $145.00 in a report on Thursday, August 11th. BMO Capital Markets decreased their price target on shares of Walt Disney from $140.00 to $135.00 in a research note on Thursday, May 12th. The Goldman Sachs Group boosted their price objective on shares of Walt Disney from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Walt Disney from $191.00 to $130.00 in a research note on Monday, June 6th. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $151.48.
About Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
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