Diamond Hill Capital Management Inc. trimmed its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 5.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 238,544 shares of the entertainment giant's stock after selling 12,424 shares during the quarter. Diamond Hill Capital Management Inc.'s holdings in Walt Disney were worth $26,562,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Impax Asset Management Group plc boosted its stake in shares of Walt Disney by 4.5% during the third quarter. Impax Asset Management Group plc now owns 644,017 shares of the entertainment giant's stock worth $61,948,000 after buying an additional 27,806 shares during the period. United Bank boosted its stake in shares of Walt Disney by 6.2% during the third quarter. United Bank now owns 12,145 shares of the entertainment giant's stock worth $1,168,000 after buying an additional 712 shares during the period. Los Angeles Capital Management LLC boosted its stake in shares of Walt Disney by 44.9% during the third quarter. Los Angeles Capital Management LLC now owns 13,363 shares of the entertainment giant's stock worth $1,285,000 after buying an additional 4,139 shares during the period. Harbour Investments Inc. boosted its stake in shares of Walt Disney by 4.8% during the third quarter. Harbour Investments Inc. now owns 21,978 shares of the entertainment giant's stock worth $2,114,000 after buying an additional 1,012 shares during the period. Finally, Aigen Investment Management LP acquired a new stake in shares of Walt Disney during the third quarter worth about $267,000. 65.71% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on DIS shares. Morgan Stanley increased their target price on shares of Walt Disney from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Prescient Securities cut their price target on shares of Walt Disney from $130.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Jefferies Financial Group assumed coverage on shares of Walt Disney in a report on Wednesday, December 4th. They set a "hold" rating and a $120.00 price target for the company. Needham & Company LLC reissued a "buy" rating and set a $130.00 price target on shares of Walt Disney in a report on Wednesday, February 5th. Finally, Macquarie reaffirmed a "neutral" rating and issued a $110.00 target price on shares of Walt Disney in a report on Monday, January 6th. Six 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, Walt Disney currently has a consensus rating of "Moderate Buy" and an average target price of $125.64.
Read Our Latest Stock Analysis on Walt Disney
Walt Disney Trading Up 1.9 %
NYSE DIS traded up $1.86 during mid-day trading on Friday, reaching $98.73. 10,196,775 shares of the stock were exchanged, compared to its average volume of 9,575,700. The Walt Disney Company has a 1-year low of $83.91 and a 1-year high of $123.74. The business's fifty day simple moving average is $109.10 and its 200 day simple moving average is $104.35. The stock has a market capitalization of $178.48 billion, a PE ratio of 32.16, a PEG ratio of 1.80 and a beta of 1.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68.
Walt Disney (NYSE:DIS - Get Free Report) last announced its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. On average, research analysts anticipate that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.
About Walt Disney
(
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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