NorthCrest Asset Manangement LLC Raises Stake in The Walt Disney Company (NYSE:DIS)



NorthCrest Asset Manangement LLC grew its stake in shares of The Walt Disney Company (NYSE:DIS – Get Rating) by 12.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 113,405 shares of the entertainment giant’s shares stock after acquiring an additional 12,188 during the period. NorthCrest Asset Manangement LLC’s holdings in Walt Disney were worth $15,555,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Syverson Strege & Co boosted its position in shares of Walt Disney by 384.8% in the 4th quarter. Syverson Strege & Co now owns 160 shares of the entertainment giant’s stock worth $25,000 after buying an additional 127 in the last quarter. Sandy Cove Advisors LLC purchased a new stake in shares of Walt Disney in the 4th quarter worth about $27,000. MBM Wealth Consultants LLC boosted its position in shares of Walt Disney by 94.7% in the 4th quarter. MBM Wealth Consultants LLC now owns 220 shares of the entertainment giant’s stock worth $34,000 after buying an additional 107 shares in the last quarter. Advanced Research Investment Solutions LLC boosted its position in shares of Walt Disney by 46.0% in the 4th quarter. Advanced Research Investment Solutions LLC now owns 238 shares of the entertainment giant’s stock worth $36,000 after buying an additional 75 shares in the last quarter. Finally, Delos Wealth Advisors LLC boosted its position in shares of Walt Disney by 2,933.3% in the 4th quarter. Delos Wealth Advisors LLC now owns 273 shares of the entertainment giant’s stock worth $42,000 after buying an additional 264 shares in the last quarter. Institutional investors own 64.17% of the company’s stock.

Several research firms recently commented on DIS. JPMorgan Chase & Co. decreased their objective price on shares of Walt Disney from $200.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 19th. Rosenblatt Securities started coverage on shares of Walt Disney in a research note on Tuesday, April 19th. They issued a “buy” rating and a $177.00 target price for the company. Royal Bank of Canada cut their target price on shares of Walt Disney from $210.00 to $176.00 in a research note on Thursday, May 12th. Daiwa Capital Markets dropped their objective price on shares of Walt Disney from $201.00 to $151.00 and set a “buy” rating for the company in a research note on Tuesday, May 24th. Finally, Loop Capital dropped their objective price on shares of Walt Disney from $190.00 to $165.00 in a research note on Monday, April 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $167.56.

NYSE DIS opened at $95.92 on Wednesday. The stock has a market cap of $174.64 billion, a PE ratio of 66.15, a P/E/G ratio of 1.14 and a beta of 1.21. The Walt Disney Company has a fifty-two week low of $92.01 and a fifty-two week high of $187.58. The business has a 50 day moving average price of $106.07 and a two-hundred day moving average price of $130.84. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 0.49.

Walt Disney (NYSE:DIS – Get Rating) last released its quarterly earnings results on Wednesday, May 11th. The entertainment giant reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.11). Walt Disney had a return on equity of 6.87% and a net margin of 3.46%. During the same period in the previous year, the firm posted $0.79 earnings per share. Sell-side analysts anticipate that The Walt Disney Company will post 4.03 EPS for the current fiscal year.

About Walt Disney (Get Rating)

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.

Further Reading

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



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