Gamco Investors INC. ET AL Cuts Stake in The Walt Disney Company $DIS

Key Points

• Gamco Investors INC. ET AL reduced its stake in The Walt Disney Company by 1.2%, selling 3,690 shares, and now owns 299,357 shares valued at $29.55 million.
• Several hedge funds, including Vanguard Group and Ameriprise Financial, increased their holdings in Disney, reflecting overall strong institutional interest with over 65% of the company's stock owned by such investors.
• Walt Disney reported a quarterly EPS of $1.61, exceeding analysts' expectations, although revenue of $23.65 billion was slightly below forecasts, highlighting mixed performance amidst ongoing recovery efforts.

Gamco Investors INC. ET AL cut its holdings in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 1.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 299,357 shares of the entertainment giant's stock after selling 3,690 shares during the period. Gamco Investors INC. ET AL's holdings in Walt Disney were worth $29,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in DIS. Vanguard Group Inc. raised its stake in Walt Disney by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 155,862,361 shares of the entertainment giant's stock worth $15,383,615,000 after acquiring an additional 2,446,087 shares in the last quarter. Northern Trust Corp grew its holdings in Walt Disney by 10.4% during the 4th quarter. Northern Trust Corp now owns 22,242,415 shares of the entertainment giant's stock worth $2,476,693,000 after acquiring an additional 2,096,431 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Walt Disney by 4.2% in the 1st quarter. Bank of New York Mellon Corp now owns 17,821,361 shares of the entertainment giant's stock valued at $1,758,968,000 after buying an additional 717,066 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Walt Disney by 21.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,867,017 shares of the entertainment giant's stock valued at $1,878,142,000 after buying an additional 3,016,339 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Walt Disney by 4.5% in the 1st quarter. Ameriprise Financial Inc. now owns 14,178,295 shares of the entertainment giant's stock worth $1,399,399,000 after acquiring an additional 613,414 shares during the period. Hedge funds and other institutional investors own 65.71% of the company's stock.

Walt Disney Price Performance

Shares of DIS stock opened at $117.80 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The business's fifty day moving average is $119.18 and its 200 day moving average is $108.26. The Walt Disney Company has a twelve month low of $80.10 and a twelve month high of $124.69. The stock has a market cap of $211.80 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 1.72 and a beta of 1.56.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. The company had revenue of $23.65 billion during the quarter, compared to analysts' expectations of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.Walt Disney's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 earnings per share. Research analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on DIS shares. Evercore ISI upped their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Chardan Capital restated a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Jefferies Financial Group lowered shares of Walt Disney from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Stephens restated a "buy" rating on shares of Walt Disney in a report on Monday, August 11th. Finally, Morgan Stanley upped their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $131.18.

Walt Disney Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.

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