Diamond Hill Capital Management Inc. trimmed its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 238,544 shares of the entertainment giant's stock after selling 12,424 shares during the period. Diamond Hill Capital Management Inc.'s holdings in Walt Disney were worth $26,562,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Farmers Trust Co. grew its holdings in shares of Walt Disney by 1.1% during the fourth quarter. Farmers Trust Co. now owns 8,483 shares of the entertainment giant's stock worth $945,000 after purchasing an additional 92 shares in the last quarter. Pathway Financial Advisors LLC grew its holdings in shares of Walt Disney by 2.7% during the fourth quarter. Pathway Financial Advisors LLC now owns 3,471 shares of the entertainment giant's stock worth $386,000 after purchasing an additional 92 shares in the last quarter. Prossimo Advisors LLC grew its holdings in shares of Walt Disney by 1.1% during the fourth quarter. Prossimo Advisors LLC now owns 8,732 shares of the entertainment giant's stock worth $972,000 after purchasing an additional 92 shares in the last quarter. Saxon Interests Inc. grew its holdings in shares of Walt Disney by 2.8% during the fourth quarter. Saxon Interests Inc. now owns 3,412 shares of the entertainment giant's stock worth $380,000 after purchasing an additional 93 shares in the last quarter. Finally, Onefund LLC grew its holdings in shares of Walt Disney by 2.0% during the fourth quarter. Onefund LLC now owns 4,856 shares of the entertainment giant's stock worth $541,000 after purchasing an additional 93 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have recently commented on DIS shares. Jefferies Financial Group started coverage on Walt Disney in a report on Wednesday, December 4th. They set a "hold" rating and a $120.00 price objective for the company. Evercore ISI boosted their target price on Walt Disney from $128.00 to $134.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. Citigroup restated a "buy" rating and issued a $125.00 target price on shares of Walt Disney in a research report on Wednesday, January 22nd. Redburn Atlantic upgraded Walt Disney from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $100.00 to $147.00 in a research report on Tuesday, January 7th. Finally, Morgan Stanley boosted their target price on Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $125.64.
Check Out Our Latest Research Report on DIS
Walt Disney Trading Up 1.9 %
Shares of Walt Disney stock traded up $1.86 during midday trading on Friday, reaching $98.73. 10,196,775 shares of the company's stock traded hands, compared to its average volume of 9,575,700. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The company has a market cap of $178.48 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The stock has a 50 day moving average of $109.10 and a 200-day moving average of $104.45. The Walt Disney Company has a 12 month low of $83.91 and a 12 month high of $123.74.
Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. As a group, equities analysts expect that The Walt Disney Company will post 5.47 EPS for the current fiscal year.
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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