Fulton Bank N.A. Decreases Position in Walt Disney Co (DIS)

Fulton Bank N.A. reduced its stake in Walt Disney Co (NYSE:DIS) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,228 shares of the entertainment giant’s stock after selling 2,142 shares during the period. Fulton Bank N.A.’s holdings in Walt Disney were worth $4,432,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its stake in shares of Walt Disney by 929.6% during the second quarter. Janus Henderson Group PLC now owns 5,410,942 shares of the entertainment giant’s stock valued at $574,907,000 after purchasing an additional 4,885,398 shares in the last quarter. AJO LP increased its stake in shares of Walt Disney by 12,331.6% during the second quarter. AJO LP now owns 3,300,335 shares of the entertainment giant’s stock valued at $350,661,000 after purchasing an additional 3,273,787 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Walt Disney by 2.2% during the second quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after purchasing an additional 2,131,932 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Walt Disney by 247.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,644,700 shares of the entertainment giant’s stock valued at $280,999,000 after purchasing an additional 1,884,600 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Walt Disney by 48.7% during the second quarter. Nordea Investment Management AB now owns 5,313,513 shares of the entertainment giant’s stock valued at $564,561,000 after purchasing an additional 1,740,128 shares in the last quarter. 61.23% of the stock is owned by institutional investors.

Walt Disney Co (NYSE DIS) opened at $105.98 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.80. Walt Disney Co has a 52-week low of $96.20 and a 52-week high of $116.10. The firm has a market cap of $160,186.61, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 1.82 and a beta of 1.30.

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

A number of equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Barclays set a $105.00 price target on shares of Walt Disney and gave the company a “hold” rating in a report on Tuesday, January 23rd. Edward Jones cut shares of Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Wells Fargo & Co reiterated a “buy” rating and set a $135.00 price target on shares of Walt Disney in a report on Friday, December 15th. Finally, B. Riley reiterated a “hold” rating and set a $101.00 price target (up previously from $97.00) on shares of Walt Disney in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, eleven have given 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 an average rating of “Buy” and a consensus 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.

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

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