Blackhill Capital Inc. Trims Position in Walt Disney Co (DIS)

Blackhill Capital Inc. lowered its position in shares of Walt Disney Co (NYSE:DIS) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 230,200 shares of the entertainment giant’s stock after selling 4,200 shares during the period. Walt Disney accounts for about 4.3% of Blackhill Capital Inc.’s holdings, making the stock its 5th biggest position. Blackhill Capital Inc.’s holdings in Walt Disney were worth $23,121,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of DIS. Baldwin Brothers Inc. MA raised its holdings in Walt Disney by 5.6% during the 4th quarter. Baldwin Brothers Inc. MA now owns 9,004 shares of the entertainment giant’s stock valued at $968,000 after buying an additional 477 shares during the last quarter. Norway Savings Bank raised its holdings in Walt Disney by 5.2% during the 4th quarter. Norway Savings Bank now owns 9,775 shares of the entertainment giant’s stock valued at $1,051,000 after buying an additional 485 shares during the last quarter. Bridge Creek Capital Management LLC raised its holdings in Walt Disney by 1.4% during the 4th quarter. Bridge Creek Capital Management LLC now owns 36,699 shares of the entertainment giant’s stock valued at $3,945,000 after buying an additional 490 shares during the last quarter. Community Bank of Raymore raised its holdings in Walt Disney by 19.9% during the 4th quarter. Community Bank of Raymore now owns 2,948 shares of the entertainment giant’s stock valued at $317,000 after buying an additional 490 shares during the last quarter. Finally, Baskin Financial Services Inc. raised its holdings in Walt Disney by 0.5% during the 4th quarter. Baskin Financial Services Inc. now owns 91,893 shares of the entertainment giant’s stock valued at $9,879,000 after buying an additional 497 shares during the last quarter. 63.33% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on DIS shares. Zacks Investment Research upgraded shares of Walt Disney from a “hold” rating to a “buy” rating and set a $112.00 price target for the company in a report on Tuesday, April 10th. Vetr downgraded shares of Walt Disney from a “strong-buy” rating to a “buy” rating and set a $113.88 price objective on the stock. in a research report on Wednesday, April 18th. Loop Capital assumed coverage on shares of Walt Disney in a research report on Thursday, March 15th. They set a “buy” rating and a $130.00 price objective on the stock. Pivotal Research raised shares of Walt Disney from a “sell” rating to a “hold” rating and reduced their price objective for the company from $94.00 to $93.00 in a research report on Tuesday, April 17th. Finally, ValuEngine raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research report on Friday, June 15th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $118.96.

Shares of DIS stock opened at $106.34 on Friday. Walt Disney Co has a one year low of $96.20 and a one year high of $113.19. The stock has a market cap of $159.31 billion, a P/E ratio of 18.66, a PEG ratio of 1.82 and a beta of 1.28. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, May 8th. The entertainment giant reported $1.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.70 by $0.14. Walt Disney had a net margin of 20.16% and a return on equity of 21.13%. The company had revenue of $14.55 billion for the quarter, compared to the consensus estimate of $14.11 billion. During the same period in the prior year, the firm posted $1.50 EPS. Walt Disney’s revenue for the quarter was up 9.1% on a year-over-year basis. analysts forecast that Walt Disney Co will post 7.12 EPS for the current year.

Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

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

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