Eqis Capital Management Inc. Buys 1,573 Shares of Walt Disney Co (NYSE:DIS)

Eqis Capital Management Inc. grew its stake in Walt Disney Co (NYSE:DIS) by 3.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,441 shares of the entertainment giant’s stock after purchasing an additional 1,573 shares during the quarter. Eqis Capital Management Inc.’s holdings in Walt Disney were worth $5,661,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Neville Rodie & Shaw Inc. increased its position in Walt Disney by 3.6% during the second quarter. Neville Rodie & Shaw Inc. now owns 105,566 shares of the entertainment giant’s stock valued at $14,741,000 after acquiring an additional 3,669 shares during the last quarter. Bath Savings Trust Co increased its position in Walt Disney by 1.7% during the second quarter. Bath Savings Trust Co now owns 85,792 shares of the entertainment giant’s stock valued at $11,980,000 after acquiring an additional 1,456 shares during the last quarter. Thomasville National Bank increased its position in Walt Disney by 1.4% during the second quarter. Thomasville National Bank now owns 162,075 shares of the entertainment giant’s stock valued at $22,632,000 after acquiring an additional 2,276 shares during the last quarter. Private Trust Co. NA increased its position in Walt Disney by 3.6% during the second quarter. Private Trust Co. NA now owns 22,398 shares of the entertainment giant’s stock valued at $3,127,000 after acquiring an additional 783 shares during the last quarter. Finally, Baystate Wealth Management LLC increased its position in Walt Disney by 2.7% during the second quarter. Baystate Wealth Management LLC now owns 5,414 shares of the entertainment giant’s stock valued at $767,000 after acquiring an additional 142 shares during the last quarter. Institutional investors and hedge funds own 68.47% of the company’s stock.

A number of research firms have weighed in on DIS. Moffett Nathanson set a $150.00 price objective on shares of Walt Disney and gave the company a “buy” rating in a research report on Wednesday, August 7th. Wells Fargo & Co cut their price objective on shares of Walt Disney from $173.00 to $167.00 and set an “outperform” rating on the stock in a research report on Friday. ValuEngine lowered shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein set a $130.00 target price on shares of Walt Disney and gave the company a “hold” rating in a research note on Thursday, September 12th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Walt Disney in a research note on Friday, September 27th. Six analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Walt Disney currently has a consensus rating of “Buy” and an average target price of $152.05.

NYSE:DIS traded up $2.05 during mid-day trading on Tuesday, reaching $138.79. The company’s stock had a trading volume of 5,314,091 shares, compared to its average volume of 9,312,764. Walt Disney Co has a 1 year low of $100.35 and a 1 year high of $147.15. The stock has a fifty day moving average of $131.23 and a 200-day moving average of $136.18. The firm has a market capitalization of $246.32 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 4.70 and a beta of 0.96. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 0.41.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.12. Walt Disney had a net margin of 15.89% and a return on equity of 11.38%. The company had revenue of $19.10 billion during the quarter, compared to analyst estimates of $19.02 billion. During the same period in the prior year, the firm earned $1.48 earnings per share. The firm’s revenue for the quarter was up 33.6% compared to the same quarter last year. On average, analysts expect that Walt Disney Co will post 5.83 earnings per share for the current year.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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