Walt Disney takes another bite out of European operator

Walt Disney takes another bite out of European operator

Martingale Asset Management L P's holdings in Walt Disney were worth $5,403,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Lombard Odier Transatlantic Limited Partnership boosted its stake in shares of Walt Disney by 71.4% in the third quarter. The stock of Bank of America Corp (NYSE:BAC) earned "Buy" rating by KBW on Tuesday, September 1. TLP Group LLC purchased a new stake in shares of Walt Disney during the third quarter worth about $129,000. New Capital Management LP bought a new stake in shares of Walt Disney during the fourth quarter valued at about $139,000. LLC acquired a new position in shares of Walt Disney during the fourth quarter worth $152,000. Tcw Inc owns 0.09% invested in Walt Disney Co (NYSE:DIS) for 108,418 shares. Perhaps, that suggests something about why 1.16% of the outstanding share supply is held by institutional investors.

The stock of Walt Disney Co (NYSE:DIS) is a huge mover today! The stock has a 50 day moving average of $110.02 and a 200 day moving average of $100.93. The company has market cap of $178.50 billion.

Walt Disney last month announced plans to take full control of Euro Disney, after raising its stake to 85.7 percent through a deal with Saudi billionaire Prince Alwaleed bin Talal. The stock of Walt Disney Co (NYSE:DIS) earned "Buy" rating by Nomura on Tuesday, April 26. The entertainment giant reported $1.55 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.50 by $0.05. We maintain our more cautious view of the Networks business (for both DIS and the broader media industry), but believe adequate conservatism is reflected in consensus estimates, particularly given the company's inclusion in all new video bundles established over the past two years.

The Walt Disney Company Gross Margin percentage stands at 46% while its Operating Margin for trailing twelve month is 25.4 percent and Profit margin (ttm) is 16.3 Percent. As I wrote earlier today, shares of Nike (NKE), which I panned at the end of a year ago, are rising today after Credit Suisse released an optimistic note on the company. Analysts anticipate that Walt Disney Co will post $5.94 earnings per share for the current year. If you are viewing this story on another publication, it was illegally copied and reposted in violation of US and global copyright legislation. Topeka Capital Markets upgraded the shares of DIS in report on Friday, July 24 to "Buy" rating. Sadoff Management Limited Liability holds 0.02% of its portfolio in Walt Disney Co (NYSE:DIS) for 2,181 shares.

A disgruntled investor in Euro Disney has written to individual board members of the Disneyland Paris operator accusing the company of working with the Walt Disney Company to force out minority shareholders.

Ross Stores, Inc. (NASDAQ:ROST) [Trend Analysis] swings ardently in active trading session, it declines of -0.01% to close at $66.95.

The Walt Disney Company has 1 year price target of $116.69. The last session's volume of 2.12 million shares was lower than its average volume of 2.59 million shares. The shares were sold at an average price of $105.13, for a total transaction of $166,315.66. Following the completion of the sale, the executive vice president now owns 27,659 shares in the company, valued at approximately $2,890,365.50.

The weekly performance of The Walt Disney Company is 0.77%, presenting a monthly performance value of 1.85% with the quarterly performance value of 7.87%. Insiders own 13.00% of the company's stock.

CIAM, an activist shareholder that has always been critical of the scale of the royalty fees payable to Walt Disney, said that the depreciation in Euro Disney's last accounts "would mean that the book value of the park is zero".

Related:

Comments


Other news