Neuberger Berman Group LLC Sells 264,008 Shares of Walt Disney Co (DIS)

Neuberger Berman Group LLC reduced its position in Walt Disney Co (NYSE:DIS) by 22.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 916,392 shares of the entertainment giant’s stock after selling 264,008 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.06% of Walt Disney worth $90,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Callahan Advisors LLC grew its position in shares of Walt Disney by 1.8% in the second quarter. Callahan Advisors LLC now owns 86,511 shares of the entertainment giant’s stock valued at $9,192,000 after purchasing an additional 1,528 shares in the last quarter. Chicago Partners Investment Group LLC grew its position in shares of Walt Disney by 241.4% in the second quarter. Chicago Partners Investment Group LLC now owns 12,860 shares of the entertainment giant’s stock valued at $1,352,000 after purchasing an additional 9,093 shares in the last quarter. Perennial Advisors LLC grew its position in shares of Walt Disney by 4.7% in the second quarter. Perennial Advisors LLC now owns 29,931 shares of the entertainment giant’s stock valued at $3,180,000 after purchasing an additional 1,354 shares in the last quarter. Novare Capital Management LLC grew its position in shares of Walt Disney by 1.9% in the second quarter. Novare Capital Management LLC now owns 64,727 shares of the entertainment giant’s stock valued at $6,877,000 after purchasing an additional 1,231 shares in the last quarter. Finally, Peak Asset Management LLC grew its position in shares of Walt Disney by 1.7% in the second quarter. Peak Asset Management LLC now owns 95,329 shares of the entertainment giant’s stock valued at $10,129,000 after purchasing an additional 1,609 shares in the last quarter. 61.12% of the stock is owned by institutional investors and hedge funds.

Shares of Walt Disney Co (NYSE DIS) opened at $106.53 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.87. Walt Disney Co has a 52 week low of $96.20 and a 52 week high of $116.10. The stock has a market capitalization of $158,156.64, a PE ratio of 17.41, a price-to-earnings-growth ratio of 1.79 and a beta of 1.30.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.28. Walt Disney had a return on equity of 20.44% and a net margin of 19.61%. The firm had revenue of $15.35 billion during the quarter, compared to analyst estimates of $15.47 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. The company’s revenue was up 3.8% compared to the same quarter last year. sell-side analysts forecast that Walt Disney Co will post 6.95 EPS for the current year.

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Walt Disney from a “hold” rating to a “buy” rating and set a $118.00 price target for the company in a research report on Friday. Vetr cut Walt Disney from a “strong-buy” rating to a “buy” rating and set a $114.86 price target for the company. in a research report on Tuesday. BMO Capital Markets lifted their price target on Walt Disney from $90.00 to $95.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Jefferies Group reiterated a “hold” rating and issued a $112.00 price target on shares of Walt Disney in a research report on Wednesday, February 7th. Finally, B. Riley lifted their price target on Walt Disney from $122.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Walt Disney has a consensus rating of “Buy” and an average price target of $118.59.

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Walt Disney Company Profile

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.

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

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