Palisade Capital Management LLC NJ Purchases 4,581 Shares of The Walt Disney Company (NYSE:DIS)

Palisade Capital Management LLC NJ grew its stake in shares of The Walt Disney Company (NYSE:DIS) by 6.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,956 shares of the entertainment giant’s stock after buying an additional 4,581 shares during the period. Palisade Capital Management LLC NJ’s holdings in The Walt Disney were worth $13,702,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. FORA Capital LLC purchased a new position in shares of The Walt Disney during the 1st quarter valued at about $28,000. Johnson Midwest Financial LLC lifted its position in shares of The Walt Disney by 142.9% during the 2nd quarter. Johnson Midwest Financial LLC now owns 170 shares of the entertainment giant’s stock valued at $30,000 after buying an additional 100 shares in the last quarter. Financial Insights Inc. purchased a new position in shares of The Walt Disney during the 2nd quarter valued at about $37,000. FFT Wealth Management LLC purchased a new position in shares of The Walt Disney during the 2nd quarter valued at about $37,000. Finally, Smith Asset Management Group LP purchased a new position in shares of The Walt Disney during the 2nd quarter valued at about $39,000. 64.10% of the stock is currently owned by hedge funds and other institutional investors.

In other The Walt Disney news, CEO Robert A. Chapek sold 10,587 shares of the company’s stock in a transaction on Tuesday, August 31st. The stock was sold at an average price of $182.00, for a total value of $1,926,834.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Brent Woodford sold 8,000 shares of the company’s stock in a transaction on Friday, August 13th. The shares were sold at an average price of $186.57, for a total value of $1,492,560.00. Following the completion of the transaction, the executive vice president now directly owns 42,620 shares in the company, valued at approximately $7,951,613.40. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

A number of research analysts have recently weighed in on DIS shares. The Goldman Sachs Group lifted their price objective on The Walt Disney from $215.00 to $218.00 and gave the company a “buy” rating in a research report on Friday, August 13th. Deutsche Bank Aktiengesellschaft lowered their price target on The Walt Disney from $213.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, August 27th. Wolfe Research reissued an “outperform” rating and issued a $226.00 price target on shares of The Walt Disney in a report on Thursday, June 10th. Barclays boosted their price target on The Walt Disney from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, August 13th. Finally, BMO Capital Markets boosted their price target on The Walt Disney from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Friday, August 13th. Four analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $209.19.

NYSE DIS opened at $176.00 on Friday. The company has a market cap of $319.81 billion, a P/E ratio of 288.52, a P/E/G ratio of 3.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.24. The business’s 50 day moving average price is $178.57 and its 200-day moving average price is $180.67. The Walt Disney Company has a fifty-two week low of $117.23 and a fifty-two week high of $203.02.

The Walt Disney (NYSE:DIS) last released its earnings results on Thursday, August 12th. The entertainment giant reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.23. The firm had revenue of $17.02 billion for the quarter, compared to the consensus estimate of $16.82 billion. The Walt Disney had a return on equity of 3.78% and a net margin of 1.77%. During the same quarter in the previous year, the company posted $0.08 EPS. As a group, equities analysts predict that The Walt Disney Company will post 2.45 EPS for the current year.

The Walt Disney Profile

The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Media Networks, Parks, Experiences and Products, Studio Entertainment and Direct-to-Consumer and International (DTCI). The Media Networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, radio networks and stations.

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

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