Walt Disney Co (NYSE:DIS) Shares Acquired by Murphy Capital Management Inc.

Murphy Capital Management Inc. grew its stake in Walt Disney Co (NYSE:DIS) by 0.2% during the 2nd quarter, Holdings Channel reports. The firm owned 78,472 shares of the entertainment giant’s stock after purchasing an additional 181 shares during the quarter. Walt Disney makes up approximately 1.4% of Murphy Capital Management Inc.’s investment portfolio, making the stock its 19th largest position. Murphy Capital Management Inc.’s holdings in Walt Disney were worth $8,750,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Exchange Traded Concepts LLC acquired a new position in Walt Disney during the first quarter worth about $507,000. OLD Dominion Capital Management Inc. increased its stake in Walt Disney by 44.0% during the 1st quarter. OLD Dominion Capital Management Inc. now owns 41,130 shares of the entertainment giant’s stock worth $3,973,000 after buying an additional 12,577 shares during the period. Jacobi Capital Management LLC increased its stake in Walt Disney by 3.5% during the 1st quarter. Jacobi Capital Management LLC now owns 22,915 shares of the entertainment giant’s stock worth $2,214,000 after buying an additional 765 shares during the period. TB Alternative Assets Ltd. purchased a new stake in Walt Disney during the 1st quarter worth approximately $2,280,000. Finally, RFG Advisory LLC increased its stake in Walt Disney by 13.8% during the 1st quarter. RFG Advisory LLC now owns 10,196 shares of the entertainment giant’s stock worth $985,000 after buying an additional 1,238 shares during the period. Institutional investors and hedge funds own 62.66% of the company’s stock.

Several research analysts have commented on DIS shares. Deutsche Bank lowered their price target on shares of Walt Disney from $147.00 to $128.00 and set a “hold” rating for the company in a report on Tuesday, May 19th. SunTrust Banks boosted their price target on shares of Walt Disney from $110.00 to $160.00 and gave the stock a “hold” rating in a report on Tuesday, April 14th. UBS Group reiterated a “hold” rating and set a $126.00 price target on shares of Walt Disney in a report on Thursday, June 25th. Rosenblatt Securities boosted their price target on shares of Walt Disney from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Cowen cut shares of Walt Disney from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $101.00 to $97.00 in a report on Thursday, July 16th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $128.37.

NYSE:DIS traded up $3.24 during trading hours on Thursday, reaching $130.85. 1,543,301 shares of the company’s stock were exchanged, compared to its average volume of 10,893,946. The firm has a market capitalization of $235.05 billion, a price-to-earnings ratio of -211.53, a P/E/G ratio of 13.54 and a beta of 1.10. The company has a 50-day moving average of $115.85 and a 200 day moving average of $116.58. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 0.45. Walt Disney Co has a 1-year low of $79.07 and a 1-year high of $153.41.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, August 4th. The entertainment giant reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.64) by $0.72. The firm had revenue of $11.80 billion during the quarter, compared to analysts’ expectations of $12.48 billion. Walt Disney had a negative net margin of 1.58% and a positive return on equity of 6.51%. Walt Disney’s quarterly revenue was down 41.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.35 EPS. Research analysts forecast that Walt Disney Co will post 1.38 EPS for the current fiscal year.

Walt Disney Company Profile

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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