Stack Financial Management Inc lessened its holdings in shares of Walt Disney Co (NYSE:DIS) by 0.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 167,297 shares of the entertainment giant’s stock after selling 498 shares during the period. Walt Disney makes up approximately 2.3% of Stack Financial Management Inc’s holdings, making the stock its 14th largest position. Stack Financial Management Inc’s holdings in Walt Disney were worth $18,344,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Crewe Advisors LLC raised its holdings in Walt Disney by 55.6% in the 4th quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock valued at $31,000 after acquiring an additional 100 shares in the last quarter. Parallel Advisors LLC raised its holdings in Walt Disney by 8.7% in the 4th quarter. Parallel Advisors LLC now owns 28,825 shares of the entertainment giant’s stock valued at $3,160,000 after acquiring an additional 2,310 shares in the last quarter. ST Germain D J Co. Inc. raised its holdings in Walt Disney by 34.3% in the 4th quarter. ST Germain D J Co. Inc. now owns 130,915 shares of the entertainment giant’s stock valued at $14,355,000 after acquiring an additional 33,431 shares in the last quarter. Meridian Wealth Management LLC raised its holdings in Walt Disney by 37.6% in the 4th quarter. Meridian Wealth Management LLC now owns 5,445 shares of the entertainment giant’s stock valued at $597,000 after acquiring an additional 1,488 shares in the last quarter. Finally, Westside Investment Management Inc. raised its holdings in Walt Disney by 13.6% in the 4th quarter. Westside Investment Management Inc. now owns 8,227 shares of the entertainment giant’s stock valued at $905,000 after acquiring an additional 982 shares in the last quarter. 64.63% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have commented on DIS shares. JPMorgan Chase & Co. started coverage on Walt Disney in a report on Friday, April 12th. They issued an “overweight” rating and a $137.00 price target for the company. BTIG Research raised Walt Disney from a “sell” rating to a “neutral” rating in a report on Monday, April 15th. Cowen raised Walt Disney from a “market perform” rating to an “outperform” rating and set a $115.90 price target for the company in a report on Tuesday, April 9th. Tigress Financial reiterated a “buy” rating on shares of Walt Disney in a research note on Tuesday, February 12th. Finally, Edward Jones upgraded Walt Disney from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the stock. Walt Disney presently has a consensus rating of “Buy” and a consensus target price of $131.11.
DIS stock opened at $132.45 on Monday. Walt Disney Co has a 1-year low of $97.68 and a 1-year high of $132.87. The company has a market capitalization of $197.45 billion, a PE ratio of 18.71, a P/E/G ratio of 3.83 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 1.00.
Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.27. Walt Disney had a return on equity of 20.50% and a net margin of 18.46%. The company had revenue of $15.30 billion for the quarter, compared to analyst estimates of $15.20 billion. During the same period in the prior year, the company posted $1.89 EPS. The company’s revenue was down .3% compared to the same quarter last year. Analysts forecast that Walt Disney Co will post 6.79 earnings per share 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 businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
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