New England Research & Management Inc. Sells 3,050 Shares of Walt Disney Co (DIS)

New England Research & Management Inc. reduced its holdings in Walt Disney Co (NYSE:DIS) by 16.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 15,604 shares of the entertainment giant’s stock after selling 3,050 shares during the quarter. Walt Disney makes up about 1.2% of New England Research & Management Inc.’s portfolio, making the stock its 18th largest holding. New England Research & Management Inc.’s holdings in Walt Disney were worth $1,678,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in DIS. Vanguard Group Inc. boosted its stake in shares of Walt Disney by 2.2% in the 2nd 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 during the last quarter. Northern Trust Corp boosted its stake in shares of Walt Disney by 2.5% in the 2nd quarter. Northern Trust Corp now owns 20,462,287 shares of the entertainment giant’s stock valued at $2,174,118,000 after purchasing an additional 500,349 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Walt Disney by 3.8% in the 3rd quarter. Legal & General Group Plc now owns 8,186,026 shares of the entertainment giant’s stock valued at $806,872,000 after purchasing an additional 300,973 shares during the last quarter. Parnassus Investments CA boosted its stake in shares of Walt Disney by 19.3% in the 3rd quarter. Parnassus Investments CA now owns 6,941,130 shares of the entertainment giant’s stock valued at $684,187,000 after purchasing an additional 1,123,949 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of Walt Disney by 7.8% in the 2nd quarter. Swiss National Bank now owns 5,777,328 shares of the entertainment giant’s stock valued at $613,841,000 after purchasing an additional 420,200 shares during the last quarter. Hedge funds and other institutional investors own 61.23% of the company’s stock.

Walt Disney Co (DIS) opened at $105.05 on Thursday. 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 1-year low of $96.20 and a 1-year high of $116.10. The firm has a market cap of $159,359.59, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 1.81 and a beta of 1.30.

Walt Disney (NYSE:DIS) last released its quarterly earnings data 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 firm had revenue of $15.35 billion for the quarter, compared to the consensus estimate of $15.47 billion. During the same quarter in the prior year, the company posted $1.55 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. equities analysts forecast that Walt Disney Co will post 6.95 EPS for the current year.

DIS has been the topic of a number of analyst reports. Jefferies Group reaffirmed a “hold” rating and issued a $112.00 price objective on shares of Walt Disney in a research note on Wednesday, February 7th. Pivotal Research upped their price objective on shares of Walt Disney from $83.00 to $91.00 and gave the company a “sell” rating in a research note on Thursday, December 14th. B. Riley upped their price objective on shares of Walt Disney from $122.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Morgan Stanley reduced their price objective on shares of Walt Disney from $130.00 to $120.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 31st. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Walt Disney in a research note on Wednesday, November 22nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $118.59.

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Walt Disney 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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