As of the first quarter, Independent Advisor Alliance has reduced its holdings in shares of The Walt Disney Company by 3.3%, according to recent filings with the Securities and Exchange Commission (SEC). The fund now holds 60,010 shares of the entertainment giant’s stock, having sold 2,034 shares during the period. At the end of the reporting period, Independent Advisor Alliance’s holdings in Walt Disney were valued at $6,009,000.
This news regarding Independent Advisor Alliance’s decrease in holdings comes after Walt Disney announced its quarterly earnings results on August 9th. During this period, the entertainment giant reported earnings per share (EPS) of $1.03 for the quarter, surpassing the consensus estimate by $0.04.
Walt Disney also generated revenue of $22.33 billion during this quarter, just slightly lower than the consensus estimate of $22.50 billion. It is worth noting that there was a year-over-year increase in quarterly revenue by 3.8%. In terms of profitability, Walt Disney boasted a return on equity of 6.45% and a net margin of 2.56%.
Comparatively speaking, last year during the same quarter, Walt Disney posted an EPS of $1.09. As for future predictions from analysts, it is anticipated that The Walt Disney Company will report an EPS of 3.68 for the current fiscal year.
Investors and financial analysts may find these figures insightful when considering their investment strategies or assessing Walt Disney’s overall performance within the market.
For more extensive and comprehensive research on The Walt Disney Company and related information on their financial standing and outlook for potential investors, interested individuals can obtain our latest research report on DIS.”
Investment Landscape and Market Performance of Walt Disney
September 3, 2023 – In recent months, several large investors have made significant changes to their positions in the multinational entertainment company, Walt Disney. GW Henssler & Associates Ltd., for example, saw a 2.0% increase in its shares during the first quarter of this year. The company now owns 6,825 shares of Walt Disney’s stock, valued at $683,000 after acquiring an additional 133 shares.
Meanwhile, Ridgewood Investments LLC also increased its stake in Walt Disney by 31.0% during the same period. The firm now holds 6,522 shares worth $653,000 after purchasing an extra 1,544 shares. Handelsbanken Fonder AB raised its holdings in the entertainment giant by 6.5% in the first quarter as well. With an investment of $45,520,000, Handelsbanken Fonder AB now owns a staggering 454,608 shares of Walt Disney’s stock following the acquisition of an additional 27,767 shares.
In further developments, Regal Partners Ltd entered the fray and bought a new position in Walt Disney during the fourth quarter worth $28,203,000. Lastly,c Summit Place Financial Advisors LLC witnessed a modest growth of 2.0% during the first quarter as it gained an extra 551 shares. Summit Place Financial Advisors LLC currently owns 27,634 shares valued at approximately $2,767000.
It is interesting to note that institutional investors and hedge funds collectively own a substantial portion of Walt Disney’s stocks amounting to about 61.17% as per current data.
Turning our attention to market performance on September 1st this year; NYSE DIS saw shares trading at a low point of $81.71 amidst higher than average volume with around 24 million exchanged hands on that day alone.Pertaining to financial ratios,the company displayed a quick ratio of 1.00, current ratio of 1.07, and a debt-to-equity ratio of 0.44. The market capitalization for the entertainment titan stands at an impressive $149.51 billion with a PE ratio reaching 68.03 and price-to-earnings-growth ratio of 1.69.The beta value stood at 1.27, reflecting moderate volatility in line with market trends.As for its annual trading range,the stock has witnessed a low point of $80.53 and a high point of $118.18 over the past twelve months.
In other news, EVP Sonia L.Coleman conducted a transaction on August 1st where she sold off a total of 959 shares from her personal holdings in the company.Having sold these shares at an average price of $89.05,the total transaction was valued at approximately $85,398.95. Following this sale,Coleman now possesses around 961 shares directly in Walt Disney,having generated a sum amounting to $85,577..05 through the sale.This transaction was properly disclosed in accordance with regulations outlined by the US Securities and Exchange Commission (SEC). It is worth noting that company insiders hold around o.o10% ownership stake within the company.
A survey conducted by various research firms has placed Walt Disney under scrutiny, offering varying opinions on its future prospects.StockNews.com initiated coverage on Walt Disney with a “sell” rating while Citigroup reduced its previous price objective from$125 to $120 but retained their “buy” rating.Barclays also adjusted their target price from $107 to $88 while Loop Capital expressed their view by dropping their own target value from$120 to$110.On similar lines,Deutsche Bank Aktiengesellschaft decreased their goal value from$131 to just$120.Such contrasted views suggest that analysts are divided when it comes to forecasting Walt Disney’s performance in the coming days.Generally, Walt Disney tends to receive a “Moderate Buy” rating with an average price target of $116.83 according to Bloomberg.com.
Overall, the investment landscape for Walt Disney has witnessed various developments among significant investors. While some have increased their positions in the company, others have entered new positions or made notable adjustments to their stake. These activities point towards an intriguing period for Walt Disney and indicate ongoing investor interest in this entertainment giant. As financial experts continue to navigate their predictions for the future, it will be interesting to observe how these investments impact the company’s performance in the months ahead.