Hillsdale Investment Management Inc. lessened its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 88.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,150 shares of the entertainment giant's stock after selling 8,710 shares during the period. Hillsdale Investment Management Inc.'s holdings in Walt Disney were worth $128,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in DIS. State Street Corp lifted its position in shares of Walt Disney by 0.6% during the third quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant's stock worth $7,463,978,000 after purchasing an additional 490,681 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Walt Disney by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant's stock worth $3,609,833,000 after buying an additional 1,393,082 shares in the last quarter. FMR LLC boosted its position in Walt Disney by 8.7% in the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant's stock valued at $3,310,539,000 after buying an additional 2,765,389 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Walt Disney by 23.4% during the fourth quarter. Jennison Associates LLC now owns 19,197,463 shares of the entertainment giant's stock valued at $2,137,637,000 after acquiring an additional 3,636,742 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Walt Disney by 15.5% during the fourth quarter. Bank of New York Mellon Corp now owns 17,104,295 shares of the entertainment giant's stock worth $1,904,563,000 after acquiring an additional 2,300,912 shares during the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.
Walt Disney Stock Performance
Shares of DIS traded up $1.43 during trading hours on Tuesday, reaching $101.61. 7,363,448 shares of the company's stock traded hands, compared to its average volume of 9,529,117. The Walt Disney Company has a twelve month low of $83.91 and a twelve month high of $123.74. The business's fifty day simple moving average is $107.89 and its two-hundred day simple moving average is $104.86. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.68 and a quick ratio of 0.62. The firm has a market capitalization of $183.69 billion, a price-to-earnings ratio of 33.10, a P/E/G ratio of 1.80 and a beta of 1.41.
Walt Disney (NYSE:DIS - Get Free Report) last released its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, beating the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Analysts predict that The Walt Disney Company will post 5.47 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on DIS. Prescient Securities lowered their price objective on Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Loop Capital raised their price target on shares of Walt Disney from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. The Goldman Sachs Group upped their price target on shares of Walt Disney from $137.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Macquarie reissued a "neutral" rating and set a $110.00 price objective on shares of Walt Disney in a report on Monday, January 6th. Finally, Jefferies Financial Group began coverage on shares of Walt Disney in a research note on Wednesday, December 4th. They issued a "hold" rating and a $120.00 target price on the stock. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.64.
Get Our Latest Analysis on DIS
Walt Disney 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.
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