Latest Stocks: Telemus Capital LLC Increases Position in Walt Disney Co (DIS)

Latest Stocks: Telemus Capital LLC Increases Position in Walt Disney Co (DIS)

Telemus Capital LLC boosted its position in Walt Disney Co (NYSE:DIS) by 0.6% during the first quarter, Holdings Channel reports. The institutional investor owned 10,490 shares of the entertainment giant’s stock after buying an additional 64 shares during the period. Telemus Capital LLC’s holdings in Walt Disney were worth $1,189,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Bank of Australia increased its position in shares of Walt Disney by 2.6% in the third quarter. Commonwealth Bank of Australia now owns 109,086 shares of the entertainment giant’s stock valued at $10,129,000 after buying an additional 2,800 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of Walt Disney during the third quarter valued at approximately $900,000. Shufro Rose & Co. LLC increased its position in shares of Walt Disney by 4.5% in the third quarter. Shufro Rose & Co. LLC now owns 11,169 shares of the entertainment giant’s stock valued at $1,038,000 after buying an additional 479 shares during the period. Private Vista LLC increased its position in shares of Walt Disney by 10.4% in the third quarter. Private Vista LLC now owns 2,296 shares of the entertainment giant’s stock valued at $209,000 after buying an additional 216 shares during the period. Finally, FDO Partners LLC increased its position in shares of Walt Disney by 71.4% in the third quarter. FDO Partners LLC now owns 18,069 shares of the entertainment giant’s stock valued at $1,678,000 after buying an additional 7,524 shares during the period. Hedge funds and other institutional investors own 58.65% of the company’s stock.

Shares of Walt Disney Co (NYSE:DIS) opened at 106.52 on Tuesday. Walt Disney Co has a 52 week low of $90.32 and a 52 week high of $116.10. The firm has a market capitalization of $166.69 billion, a price-to-earnings ratio of 18.58 and a beta of 1.25. The stock has a 50 day moving average price of $110.77 and a 200-day moving average price of $108.76.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, May 9th. The entertainment giant reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.05. Walt Disney had a return on equity of 19.43% and a net margin of 16.29%. The business had revenue of $13.34 billion during the quarter, compared to analysts’ expectations of $13.44 billion. During the same quarter in the prior year, the firm earned $1.36 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities research analysts forecast that Walt Disney Co will post $5.95 earnings per share for the current year.

Several equities analysts have commented on DIS shares. Instinet increased their price target on Walt Disney to $125.00 in a report on Tuesday, March 21st. Goldman Sachs Group Inc upgraded Walt Disney from a “neutral” rating to a “buy” rating and increased their price target for the company from $109.00 to $134.00 in a report on Tuesday, February 7th. Loop Capital reiterated a “buy” rating and set a $118.00 price target on shares of Walt Disney in a report on Wednesday, February 8th. Deutsche Bank AG reiterated a “buy” rating and set a $112.00 price target on shares of Walt Disney in a report on Wednesday, February 8th. Finally, Evercore ISI upgraded Walt Disney from a “hold” rating to a “buy” rating and increased their price target for the company from $103.00 to $120.00 in a report on Wednesday, February 8th. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $116.49.

In other Walt Disney news, EVP Brent Woodford sold 2,000 shares of the company’s stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $114.50, for a total value of $229,000.00. Following the completion of the transaction, the executive vice president now owns 27,745 shares of the company’s stock, valued at approximately $3,176,802.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Susan E. Arnold sold 12,143 shares of the company’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $109.02, for a total value of $1,323,829.86. Following the completion of the transaction, the director now directly owns 48,673 shares of the company’s stock, valued at approximately $5,306,330.46. The disclosure for this sale can be found here. 13.00% of the stock is owned by corporate insiders. Walt Disney Company Profile

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS). Receive News & Ratings for Walt Disney Co Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Walt Disney Co and related companies with MarketBeat.com’s FREE daily email newsletter.

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).

Related posts

Leave a Comment