New Mexico Educational Retirement Board lifted its stake in Walt Disney Co (NYSE:DIS) by 5.5% in the third quarter, HoldingsChannel reports. The firm owned 142,620 shares of the entertainment giant’s stock after purchasing an additional 7,400 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Walt Disney were worth $14,058,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of DIS. Legacy Advisors LLC acquired a new stake in Walt Disney during the 3rd quarter worth $137,000. Malaga Cove Capital LLC acquired a new stake in Walt Disney during the 3rd quarter worth $140,000. Wealthcare Advisory Partners LLC acquired a new stake in Walt Disney during the 3rd quarter worth $142,000. Krilogy Financial LLC grew its holdings in Walt Disney by 13.2% during the 2nd quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock worth $151,000 after acquiring an additional 166 shares during the period. Finally, IHT Wealth Management LLC grew its holdings in Walt Disney by 34.3% during the 2nd quarter. IHT Wealth Management LLC now owns 15,377 shares of the entertainment giant’s stock worth $152,000 after acquiring an additional 3,923 shares during the period. 61.23% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on DIS. Zacks Investment Research raised shares of Walt Disney from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a report on Friday. Vetr lowered shares of Walt Disney from a “strong-buy” rating to a “buy” rating and set a $114.86 target price for the company. in a report on Tuesday, February 13th. BMO Capital Markets lifted their target price on shares of Walt Disney from $90.00 to $95.00 and gave the stock a “positive” rating in a report on Thursday, February 8th. Jefferies Group reaffirmed a “hold” rating and set a $112.00 target price on shares of Walt Disney in a report on Wednesday, February 7th. Finally, B. Riley lifted their target price on shares of Walt Disney from $122.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $118.59.
Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.89 EPS for the quarter, beating the consensus estimate of $1.61 by $0.28. The business had revenue of $15.35 billion for the quarter, compared to analysts’ expectations of $15.47 billion. Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.55 EPS. equities analysts predict that Walt Disney Co will post 6.95 earnings per share for the current fiscal year.
Walt Disney Profile
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
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