Regent Peak Wealth Advisors LLC increased its position in The Walt Disney Company (NYSE:DIS – Get Rating) by 4.7% in the first quarter, HoldingsChannel.com reports. The fund owned 4,784 shares of the entertainment giant’s stock after buying an additional 215 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in Walt Disney were worth $656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DIS. FNY Investment Advisers LLC purchased a new position in Walt Disney in the 4th quarter worth $1,548,000. Carlton Hofferkamp & Jenks Wealth Management LLC raised its stake in shares of Walt Disney by 0.5% during the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 17,748 shares of the entertainment giant’s stock valued at $2,423,000 after buying an additional 96 shares during the last quarter. Northwest Investment Counselors LLC raised its stake in shares of Walt Disney by 8.9% during the 4th quarter. Northwest Investment Counselors LLC now owns 23,755 shares of the entertainment giant’s stock valued at $3,679,000 after buying an additional 1,944 shares during the last quarter. Consilium Wealth Advisory LLC purchased a new position in shares of Walt Disney during the 4th quarter valued at about $1,359,000. Finally, Patten & Patten Inc. TN raised its stake in shares of Walt Disney by 13.0% during the 4th quarter. Patten & Patten Inc. TN now owns 49,546 shares of the entertainment giant’s stock valued at $7,674,000 after buying an additional 5,690 shares during the last quarter. Hedge funds and other institutional investors own 64.17% of the company’s stock.
Wall Street Analyst Weigh In
DIS has been the subject of a number of recent research reports. Tigress Financial reiterated a “buy” rating and set a $229.00 price objective on shares of Walt Disney in a research note on Friday, April 1st. Loop Capital reduced their price objective on Walt Disney from $190.00 to $165.00 in a research note on Monday, April 4th. Wells Fargo & Company reduced their price objective on Walt Disney from $182.00 to $153.00 in a research note on Thursday, May 12th. Citigroup reduced their price objective on Walt Disney from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, July 7th. Finally, JPMorgan Chase & Co. reduced their price objective on Walt Disney from $200.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, April 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $161.16.
Walt Disney Trading Down 1.4 %
Walt Disney (NYSE:DIS – Get Rating) last posted its quarterly earnings data on Wednesday, May 11th. The entertainment giant reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.12). Walt Disney had a return on equity of 6.87% and a net margin of 3.46%. The firm had revenue of $19.25 billion during the quarter, compared to analyst estimates of $20.25 billion. During the same quarter in the previous year, the firm posted $0.79 earnings per share. On average, sell-side analysts anticipate that The Walt Disney Company will post 3.96 EPS for the current fiscal year.
Walt Disney Profile
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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