Highland Capital Management LLC cut its holdings in Walt Disney Co (NYSE:DIS) by 2.4% during the fourth quarter, according to the company in 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.
Other institutional investors have also bought and sold shares of the company. Beach Investment Management LLC. bought a new position in Walt Disney during the 2nd quarter valued at about $5,587,000. RFG Advisory Group LLC grew its holdings in Walt Disney by 123.0% during the 2nd quarter. RFG Advisory Group LLC now owns 11,563 shares of the entertainment giant’s stock valued at $1,220,000 after purchasing an additional 6,377 shares during the last quarter. Stanley Laman Group Ltd. grew its holdings in Walt Disney by 4.5% during the 2nd quarter. Stanley Laman Group Ltd. now owns 75,261 shares of the entertainment giant’s stock valued at $7,996,000 after purchasing an additional 3,273 shares during the last quarter. Decatur Capital Management Inc. bought a new position in Walt Disney during the 2nd quarter valued at about $8,750,000. Finally, Intersect Capital LLC grew its holdings in Walt Disney by 81.2% during the 2nd quarter. Intersect Capital LLC now owns 6,069 shares of the entertainment giant’s stock valued at $645,000 after purchasing an additional 2,719 shares during the last quarter. Hedge funds and other institutional investors own 62.63% of the company’s stock.
In related news, Director Aylwin B. Lewis sold 1,797 shares of the stock in a transaction that occurred on 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 owns 85,636 shares of the company’s stock, valued at $9,282,086.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.38% of the company’s stock.
Shares of DIS traded down $1.76 during mid-day trading on Friday, hitting $100.35. The company’s stock had a trading volume of 7,162,386 shares, compared to its average volume of 7,157,335. 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 $153,540.36, a PE ratio of 17.61, a PEG ratio of 1.74 and a beta of 1.30. 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 (NYSE:DIS) last announced its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $15.47 billion. During the same quarter in the prior year, the company earned $1.55 EPS. The company’s revenue was up 3.8% compared to the same quarter last year. equities research analysts forecast that Walt Disney Co will post 6.95 EPS for the current year.
DIS has been the topic of several analyst reports. Macquarie upgraded shares of Walt Disney from a “neutral” rating to an “outperform” rating and upped their price target for the company from $112.00 to $125.00 in a report on Tuesday, January 2nd. Pivotal Research reiterated a “sell” rating and set a $93.00 price target (up from $91.00) on shares of Walt Disney in a report on Tuesday, January 9th. Loop Capital reiterated a “buy” rating and set a $106.00 price target on shares of Walt Disney in a report on Monday, December 11th. Zacks Investment Research downgraded shares of Walt Disney from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Finally, Edward Jones downgraded shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $118.82.
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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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