Essex Investment Management Co. LLC lowered its position in The Walt Disney Company (NYSE:DIS - Free Report) by 17.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,275 shares of the entertainment giant's stock after selling 8,498 shares during the quarter. Essex Investment Management Co. LLC's holdings in Walt Disney were worth $3,636,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in DIS. Advisor OS LLC lifted its position in shares of Walt Disney by 18.8% during the 4th quarter. Advisor OS LLC now owns 6,580 shares of the entertainment giant's stock worth $594,000 after purchasing an additional 1,041 shares during the last quarter. Pacific Global Investment Management Co. lifted its holdings in Walt Disney by 2.9% during the 4th quarter. Pacific Global Investment Management Co. now owns 81,480 shares of the entertainment giant's stock worth $7,357,000 after buying an additional 2,259 shares during the last quarter. Psagot Value Holdings Ltd. Israel boosted its position in shares of Walt Disney by 16.6% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 3,738 shares of the entertainment giant's stock worth $338,000 after acquiring an additional 531 shares in the last quarter. Partnership Wealth Management LLC purchased a new position in shares of Walt Disney in the 4th quarter valued at about $33,000. Finally, Consolidated Capital Management LLC raised its position in shares of Walt Disney by 15.5% during the 4th quarter. Consolidated Capital Management LLC now owns 30,197 shares of the entertainment giant's stock worth $2,726,000 after acquiring an additional 4,063 shares in the last quarter. Institutional investors and hedge funds own 65.71% of the company's stock.
Insider Activity
In other news, EVP Sonia L. Coleman sold 1,857 shares of the firm's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $121.92, for a total transaction of $226,405.44. Following the sale, the executive vice president now owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Sonia L. Coleman sold 1,857 shares of the business's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $121.92, for a total value of $226,405.44. Following the completion of the sale, the executive vice president now directly owns 4,400 shares in the company, valued at $536,448. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James P. Gorman purchased 20,000 shares of the firm's stock in a transaction on Wednesday, May 8th. The stock was bought at an average price of $106.03 per share, for a total transaction of $2,120,600.00. Following the acquisition, the director now owns 20,467 shares in the company, valued at $2,170,116.01. The disclosure for this purchase can be found here. Company insiders own 0.10% of the company's stock.
Walt Disney Price Performance
Shares of DIS traded down $0.01 during mid-day trading on Friday, reaching $105.79. 15,884,574 shares of the company's stock were exchanged, compared to its average volume of 11,399,403. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $123.74. The company has a quick ratio of 0.77, a current ratio of 0.75 and a debt-to-equity ratio of 0.38. The company has a 50-day simple moving average of $114.25 and a two-hundred day simple moving average of $101.56. The company has a market cap of $192.86 billion, a price-to-earnings ratio of 114.99, a PEG ratio of 1.30 and a beta of 1.40.
Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The entertainment giant reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. Walt Disney had a return on equity of 8.37% and a net margin of 1.90%. The business had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.12 billion. During the same period in the prior year, the business earned $0.93 earnings per share. The business's revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts predict that The Walt Disney Company will post 4.74 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Morgan Stanley increased their price target on shares of Walt Disney from $110.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, March 4th. Needham & Company LLC reiterated a "buy" rating and set a $145.00 price target on shares of Walt Disney in a research note on Tuesday, May 7th. Bank of America upped their price objective on shares of Walt Disney from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Monday, April 1st. Argus lifted their target price on Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, April 10th. Finally, Guggenheim increased their price target on shares of Walt Disney from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $126.46.
Get Our Latest Stock Analysis on DIS
Walt Disney Company Profile
(
Free Report)
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.
Further Reading
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