Edge Asset Management Inc. boosted its stake in shares of Walt Disney Co (NYSE:DIS) by 4.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 606,886 shares of the entertainment giant’s stock after buying an additional 25,583 shares during the period. Edge Asset Management Inc.’s holdings in Walt Disney were worth $63,250,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in DIS. Meru Capital Group LP purchased a new stake in Walt Disney during the fourth quarter valued at approximately $2,084,000. Credit Agricole S A increased its stake in Walt Disney by 12.8% in the fourth quarter. Credit Agricole S A now owns 1,658,460 shares of the entertainment giant’s stock valued at $172,846,000 after buying an additional 188,354 shares in the last quarter. Citizens & Northern Corp increased its stake in Walt Disney by 4.7% in the fourth quarter. Citizens & Northern Corp now owns 20,814 shares of the entertainment giant’s stock valued at $2,169,000 after buying an additional 925 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in Walt Disney during the fourth quarter valued at approximately $1,980,000. Finally, Massmutual Trust Co. FSB ADV purchased a new stake in Walt Disney during the fourth quarter valued at approximately $4,518,000. Hedge funds and other institutional investors own 58.65% of the company’s stock.
Walt Disney Co (NYSE:DIS) opened at 112.14 on Friday. The company has a market capitalization of $177.32 billion, a price-to-earnings ratio of 20.24 and a beta of 1.25. Walt Disney Co has a 52 week low of $90.32 and a 52 week high of $113.16. The firm has a 50-day moving average price of $110.72 and a 200-day moving average price of $101.92.
Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, February 7th. The entertainment giant reported $1.55 EPS for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.05. The business earned $14.78 billion during the quarter, compared to analyst estimates of $15.30 billion. Walt Disney had a return on equity of 19.43% and a net margin of 16.29%. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.63 EPS. Analysts anticipate that Walt Disney Co will post $5.94 EPS for the current fiscal year.
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DIS has been the subject of several recent research reports. Vetr upgraded Walt Disney from a “hold” rating to a “buy” rating and set a $117.10 price target for the company in a report on Tuesday, March 21st. Nomura reiterated a “buy” rating and set a $125.00 price target (up previously from $120.00) on shares of Walt Disney in a report on Tuesday, March 21st. Instinet upped their price target on Walt Disney to $125.00 in a report on Tuesday, March 21st. Drexel Hamilton reiterated a “hold” rating on shares of Walt Disney in a report on Tuesday, March 21st. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $130.00 price target on shares of Walt Disney in a report on Thursday, March 16th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $115.33.
In other Walt Disney news, EVP Brent Woodford sold 2,000 shares of Walt Disney stock in a transaction on Monday, January 30th. The stock was sold at an average price of $110.50, for a total value of $221,000.00. Following the completion of the sale, the executive vice president now owns 27,745 shares of the company’s stock, valued at approximately $3,065,822.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 6,000 shares of company stock valued at $651,000. Corporate insiders own 13.00% of the company’s stock.
About Walt Disney
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
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