Oak Point Wealth Management acquired a new position in shares of Walt Disney Co (NYSE:DIS) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 4,223 shares of the entertainment giant’s stock, valued at approximately $454,000.
Several other large investors also recently modified their holdings of the stock. Vantage Financial Partners Ltd. Inc. acquired a new stake in Walt Disney in the 2nd quarter valued at $925,000. Legacy Advisors LLC acquired a new stake in Walt Disney in the 3rd quarter valued at $137,000. Malaga Cove Capital LLC acquired a new stake in Walt Disney in the 3rd quarter valued at $140,000. Krilogy Financial LLC increased its stake in Walt Disney by 13.2% in the 2nd quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock valued at $151,000 after buying an additional 166 shares during the last quarter. Finally, BDO Wealth Advisors LLC acquired a new stake in Walt Disney in the 2nd quarter valued at $153,000. Institutional investors and hedge funds own 61.23% of the company’s stock.
Several equities research analysts have issued reports on DIS shares. Piper Jaffray Companies reiterated a “buy” rating and issued a $120.00 price target on shares of Walt Disney in a research note on Friday, November 10th. JPMorgan Chase & Co. set a $125.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research note on Friday, November 10th. Goldman Sachs Group lifted their price target on shares of Walt Disney from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Royal Bank of Canada set a $125.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research note on Sunday, November 12th. Finally, Citigroup reiterated a “buy” rating and issued a $119.00 price target on shares of Walt Disney in a research note on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $118.59.
Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 EPS for the quarter, topping the consensus estimate of $1.61 by $0.28. The business had revenue of $15.35 billion during the quarter, compared to the consensus estimate of $15.47 billion. Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. Walt Disney’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.55 EPS. analysts forecast that Walt Disney Co will post 6.95 earnings per share for the current fiscal year.
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About Walt Disney
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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