First Manhattan Co. trimmed its stake in shares of Walt Disney Co (NYSE:DIS) by 4.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 372,065 shares of the entertainment giant’s stock after selling 18,951 shares during the quarter. First Manhattan Co.’s holdings in Walt Disney were worth $40,001,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Janus Henderson Group PLC grew its holdings in Walt Disney by 929.6% in 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 during the period. AJO LP grew its holdings in Walt Disney by 12,331.6% in 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 during the period. Vanguard Group Inc. grew its holdings in Walt Disney by 2.2% in 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 during the period. Arrowstreet Capital Limited Partnership grew its holdings in Walt Disney by 247.9% in 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 during the period. Finally, Nordea Investment Management AB grew its holdings in Walt Disney by 48.7% in 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 during the period. 61.65% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Aylwin B. Lewis sold 1,797 shares of Walt Disney stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $108.39, for a total transaction of $194,776.83. Following the transaction, the director now owns 85,636 shares in the company, valued at $9,282,086.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.38% of the company’s stock.
DIS has been the topic of several research analyst reports. Barclays set a $105.00 price objective on Walt Disney and gave the company a “hold” rating in a report on Tuesday, January 23rd. Wells Fargo & Co reissued a “buy” rating and issued a $135.00 price objective on shares of Walt Disney in a report on Friday, December 15th. Edward Jones lowered Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, December 15th. B. Riley reissued a “hold” rating and issued a $101.00 price objective (up from $97.00) on shares of Walt Disney in a report on Friday, November 10th. Finally, Credit Suisse Group restated a “buy” rating on shares of Walt Disney in a research report on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Walt Disney has an average rating of “Buy” and an average target price of $118.59.
Walt Disney Co (NYSE DIS) opened at $104.94 on Wednesday. Walt Disney Co has a 1 year low of $96.20 and a 1 year high of $116.10. The company has a market capitalization of $155,495.14, a P/E ratio of 17.12, a P/E/G ratio of 1.76 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 data on Tuesday, February 6th. The entertainment giant reported $1.89 EPS for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.28. Walt Disney had a return on equity of 20.44% and a net margin of 19.61%. The firm had revenue of $15.35 billion for the quarter, compared to the consensus estimate of $15.47 billion. During the same quarter last year, the business posted $1.55 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. analysts forecast that Walt Disney Co will post 6.95 EPS for the current year.
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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