Highland Capital Management LLC lessened its holdings in Walt Disney Co (NYSE:DIS) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,168 shares of the entertainment giant’s stock after selling 1,260 shares during the period. Highland Capital Management LLC’s holdings in Walt Disney were worth $5,501,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in DIS. Vanguard Group Inc. increased its holdings in shares of Walt Disney by 2.2% in the second quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock worth $10,497,824,000 after purchasing an additional 2,131,932 shares during the period. Northern Trust Corp boosted its position in Walt Disney by 2.5% during the second quarter. Northern Trust Corp now owns 20,462,287 shares of the entertainment giant’s stock valued at $2,174,118,000 after buying an additional 500,349 shares during the period. Legal & General Group Plc boosted its position in Walt Disney by 3.8% during the third quarter. Legal & General Group Plc now owns 8,186,026 shares of the entertainment giant’s stock valued at $806,872,000 after buying an additional 300,973 shares during the period. Parnassus Investments CA boosted its position in Walt Disney by 19.3% during the third quarter. Parnassus Investments CA now owns 6,941,130 shares of the entertainment giant’s stock valued at $684,187,000 after buying an additional 1,123,949 shares during the period. Finally, Swiss National Bank boosted its position in Walt Disney by 7.8% during the second quarter. Swiss National Bank now owns 5,777,328 shares of the entertainment giant’s stock valued at $613,841,000 after buying an additional 420,200 shares during the period. Hedge funds and other institutional investors own 62.56% of the company’s stock.
In related news, Director Aylwin B. Lewis sold 1,797 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $108.39, for a total transaction of $194,776.83. Following the completion of the sale, the director now directly owns 85,636 shares in the company, valued at $9,282,086.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.38% of the stock is currently owned by company insiders.
A number of analysts have recently weighed in on the stock. Rosenblatt Securities upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and increased their target price for the stock from $115.00 to $130.00 in a report on Wednesday, January 3rd. Vetr downgraded shares of Walt Disney from a “buy” rating to a “hold” rating and set a $113.39 target price for the company. in a research note on Wednesday, January 3rd. Royal Bank of Canada raised their price target on shares of Walt Disney to $135.00 and gave the company a “top pick” rating in a research report on Wednesday, January 3rd. B. Riley reissued a “hold” rating and set a $122.00 price target on shares of Walt Disney in a research report on Monday, January 29th. Finally, Zacks Investment Research downgraded shares of Walt Disney from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $118.89.
Shares of Walt Disney Co (NYSE:DIS) traded up $0.15 during midday trading on Friday, reaching $100.75. 935,797 shares of the company were exchanged, compared to its average volume of 8,125,028. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.80. The stock has a market capitalization of $153,104.30, a P/E ratio of 14.27, a PEG ratio of 1.74 and a beta of 1.30. Walt Disney Co has a 12-month low of $96.20 and a 12-month high of $116.10.
Walt Disney (NYSE:DIS) last posted 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 firm 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 posted $1.55 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. equities analysts predict that Walt Disney Co will post 6.95 earnings per share for the current fiscal year.
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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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