Glassman Wealth Services increases its equity position in The Walt Disney Company (NYSE:DIS)


Glassman Wealth Services increased its stake in The Walt Disney Company (NYSE: DIS – Get Rating) by 14.6% during Q1, HoldingsChannel reports. The company held 8,562 shares of the entertainment giant after purchasing an additional 1,094 shares during the period. Glassman Wealth Services’ holdings of Walt Disney were worth $1,174,000 when it last filed with the Securities and Exchange Commission.

Other hedge funds have also recently changed their holdings in the company. Syverson Strege & Co increased its stake in Walt Disney by 384.8% in the fourth quarter. Syverson Strege & Co now owns 160 shares of the entertainment giant worth $25,000 after buying 127 more shares in the last quarter. Sandy Cove Advisors LLC bought a new stake in Walt Disney in the fourth quarter worth about $27,000. MBM Wealth Consultants LLC increased its stake in Walt Disney by 94.7% in the fourth quarter. MBM Wealth Consultants LLC now owns 220 shares of the entertainment giant worth $34,000 after buying 107 more shares in the last quarter. Joseph Group Capital Management purchased a new stake in Walt Disney in the fourth quarter worth approximately $1,573,000. Finally, Advanced Research Investment Solutions LLC increased its stake in Walt Disney by 46.0% in the fourth quarter. Advanced Research Investment Solutions LLC now owns 238 shares of the entertainment giant worth $36,000 after buying 75 more shares in the last quarter. Institutional investors hold 64.17% of the company’s shares.

NYSE DIS shares opened at $97.78 on Friday. The company has a debt ratio of 0.49, a quick ratio of 1.01 and a current ratio of 1.06. The company has a market capitalization of $178.02 billion, a P/E ratio of 67.43, a P/E/G ratio of 1.14 and a beta of 1.21. The company’s fifty-day moving average is $107.42 and its two-hundred-day moving average is $131.78. The Walt Disney Company has a 52-week low of $92.01 and a 52-week high of $187.58.

Walt Disney (NYSE:DIS – Get Rating) last announced its quarterly results on Wednesday, May 11. The entertainment giant reported earnings per share (EPS) of $1.08 for the quarter, missing analyst consensus estimates of $1.19 per ($0.11). Walt Disney had a net margin of 3.46% and a return on equity of 6.87%. In the same quarter of the previous year, the company had earned earnings per share of $0.79. As a group, analysts expect The Walt Disney Company to post EPS of 4.03 for the current fiscal year.

Several research analysts have weighed in on DIS shares. Loop Capital cut its price target on Walt Disney shares from $190.00 to $165.00 in a Monday, April 4 research report. Daiwa Capital Markets cut its price target on Walt Disney shares from $201.00 to $151.00 and placed a “buy” rating on the stock in a Tuesday, May 24 research report. Wells Fargo & Company cut its price target on Walt Disney shares from $182.00 to $153.00 in a Thursday, May 12 research report. Royal Bank of Canada lowered its price target on Walt Disney shares from $210.00 to $176.00 in a Thursday, May 12 research report. Finally, Moffett Nathanson cut his price target on Walt Disney stock from $165.00 to $150.00 and set a “neutral” rating on the stock in a Monday, March 7 research report. One financial analyst has assigned the stock a sell rating, five have issued a hold rating and eighteen have assigned the stock a buy rating. According to MarketBeat, Walt Disney currently has an average rating of “Moderate Buy” and an average price target of $167.56.

Profile Walt Disney (Get an assessment)

The Walt Disney Company, together with its subsidiaries, operates as a worldwide entertainment company. It operates through two segments, Disney Media and Entertainment Distribution; and Parks, Experiences and Disney Products. The Company is engaged in the production and distribution of episodic film and television content, as well as television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic and Star brands; and studios that produce films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar and Searchlight Pictures banners.

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Institutional ownership by quarter for Walt Disney (NYSE:DIS)



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