Cannon Capital Management Inc. Invests $1.51 Million in The Walt Disney Company $DIS

Key Points

• Cannon Capital Management bought a new stake of 13,295 Disney shares valued at approximately $1.51 million, making Disney about 1.3% of the fund's holdings and its 17th-largest position.
• Other large investors also moved: Viking Global added a ~$725 million stake, Vanguard increased holdings to 159.3 million shares, and institutional investors now own about 65.71% of Disney.
• Company developments are mixed: management kept ESPN inside Disney (supporting streaming/ads), but the FCC’s early review of ABC licenses and related political controversy raise regulatory and reputational risk.

Cannon Capital Management Inc. purchased a new stake in shares of The Walt Disney Company (NYSE:DIS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 13,295 shares of the entertainment giant's stock, valued at approximately $1,513,000. Walt Disney comprises approximately 1.3% of Cannon Capital Management Inc.'s holdings, making the stock its 17th biggest position.

Several other large investors have also made changes to their positions in DIS. Viking Global Investors LP bought a new stake in Walt Disney in the second quarter worth $725,219,000. State Street Corp boosted its position in Walt Disney by 3.0% during the third quarter. State Street Corp now owns 82,019,749 shares of the entertainment giant's stock worth $9,391,261,000 after purchasing an additional 2,376,706 shares during the period. Danske Bank A S bought a new stake in Walt Disney during the third quarter worth approximately $142,142,000. Vanguard Group Inc. grew its holdings in Walt Disney by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 159,342,154 shares of the entertainment giant's stock valued at $18,128,357,000 after purchasing an additional 1,220,207 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its holdings in Walt Disney by 1,158.2% during the third quarter. Jupiter Asset Management Ltd. now owns 1,212,028 shares of the entertainment giant's stock valued at $138,777,000 after purchasing an additional 1,115,700 shares during the last quarter. Institutional investors own 65.71% of the company's stock.

Key Walt Disney News

Here are the key news stories impacting Walt Disney this week:

• Positive Sentiment: Management keeps ESPN inside Disney, signaling sports will remain a strategic, integrated growth driver for streaming and advertising — a move investors who value long-term content/scale may view favorably. Business Insider: Disney is no longer planning to spin off ESPN
• Positive Sentiment: Ongoing awards-season and Emmy promotional efforts (Disney’s “Toast to TV” FYC events) support the studio/streaming content pipeline and prestige that can help subscriber retention and licensing revenue. Yahoo: The Walt Disney Company’s Emmy Season Toast to TV
• Neutral Sentiment: Park event scheduling and merchandise rollouts keep consumer momentum but are routine operational items with limited immediate market impact. Orlando Sentinel: Disney sets August start dates for Not-So-Scary, Food & Wine events
• Neutral Sentiment: Analyst and earnings previews are mixed: small EPS estimate tweaks and commentary that Disney may lack the setup for an earnings beat next week — watch next week’s results for a sharper market reaction. Zacks: Walt Disney Earnings Expected to Grow: What to Know Ahead of Next Week's Release
• Negative Sentiment: Regulatory risk: the FCC ordered an early review of ABC station licenses, citing concerns tied to Disney’s DEI practices — a move that creates near-term legal and operational uncertainty and could lead to fines or conditions. Reuters: Broadcast group says FCC Disney license review creates significant uncertainty
• Negative Sentiment: Political controversy: the dispute between President Trump and ABC/Kimmel has elevated the review and increased reputational and political risk for Disney’s news and broadcast operations, contributing to share weakness. NYT: New Disney Boss Is Tested by Trump and His Administration

Walt Disney Stock Down 0.2%

DIS opened at $101.23 on Thursday. The Walt Disney Company has a 1-year low of $88.56 and a 1-year high of $124.69. The business has a 50 day moving average of $100.89 and a 200-day moving average of $106.81. The stock has a market capitalization of $179.33 billion, a price-to-earnings ratio of 14.89, a P/E/G ratio of 1.43 and a beta of 1.44. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.31.

Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Monday, February 2nd. The entertainment giant reported $1.63 EPS for the quarter, beating the consensus estimate of $1.57 by $0.06. The firm had revenue of $25.98 billion during the quarter, compared to analysts' expectations of $25.54 billion. Walt Disney had a net margin of 12.80% and a return on equity of 8.90%. The business's quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.40 EPS. As a group, sell-side analysts anticipate that The Walt Disney Company will post 6.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

DIS has been the subject of a number of analyst reports. Weiss Ratings cut shares of Walt Disney from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, February 3rd. Citigroup lowered their target price on shares of Walt Disney from $145.00 to $140.00 and set a "buy" rating on the stock in a research note on Friday, January 16th. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a report on Tuesday, March 31st. TD Cowen reissued a "hold" rating and set a $123.00 target price on shares of Walt Disney in a research report on Tuesday, February 3rd. Finally, Jefferies Financial Group decreased their price target on shares of Walt Disney from $136.00 to $132.00 and set a "buy" rating for the company in a report on Tuesday, February 3rd. Seventeen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $133.53.

Walt Disney Profile

The Walt Disney Company NYSE: DIS, commonly known as Disney, is a diversified global entertainment and media conglomerate headquartered in Burbank, California. Founded in 1923 by Walt and Roy O. Disney, the company grew from an animation studio into a multi‑national entertainment enterprise known for iconic intellectual property and family‑oriented storytelling. Disney's operations span film and television production, streaming services, theme parks and resorts, consumer products, and live entertainment.

On the content side, Disney produces and distributes feature films and television programming through a portfolio of studios and labels that includes Walt Disney Pictures, Pixar, Marvel Studios, Lucasfilm and 20th Century Studios, along with broadcast and cable networks such as ABC, FX and National Geographic.

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.