Jennison Associates LLC decreased its position in shares of Walt Disney Co (NYSE:DIS) by 10.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 33,744 shares of the entertainment giant’s stock after selling 3,991 shares during the quarter. Jennison Associates LLC’s holdings in Walt Disney were worth $3,700,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Litman Gregory Asset Management LLC bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $25,000. Crewe Advisors LLC boosted its position in shares of Walt Disney by 55.6% during the fourth quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 100 shares in the last quarter. Portfolio Solutions LLC bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $43,000. Contravisory Investment Management Inc. boosted its position in shares of Walt Disney by 176.4% during the fourth quarter. Contravisory Investment Management Inc. now owns 409 shares of the entertainment giant’s stock valued at $45,000 after purchasing an additional 261 shares in the last quarter. Finally, Watermark Asset Management Inc. boosted its position in shares of Walt Disney by 52.2% during the fourth quarter. Watermark Asset Management Inc. now owns 446 shares of the entertainment giant’s stock valued at $49,000 after purchasing an additional 153 shares in the last quarter. Institutional investors own 66.71% of the company’s stock.
In related news, EVP Zenia B. Mucha sold 33,000 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $128.88, for a total transaction of $4,253,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brent Woodford sold 4,000 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $135.24, for a total value of $540,960.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,000 shares of company stock valued at $5,022,700. 0.36% of the stock is owned by company insiders.
Shares of DIS stock traded down $0.24 during mid-day trading on Wednesday, hitting $133.85. The company’s stock had a trading volume of 4,485,767 shares, compared to its average volume of 11,973,869. The stock has a market capitalization of $199.58 billion, a P/E ratio of 18.91, a P/E/G ratio of 3.57 and a beta of 1.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.74. Walt Disney Co has a 52-week low of $98.81 and a 52-week high of $142.37.
Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, May 8th. The entertainment giant reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.02. The company had revenue of $14.92 billion during the quarter, compared to analysts’ expectations of $14.53 billion. Walt Disney had a return on equity of 15.67% and a net margin of 22.55%. Walt Disney’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.84 earnings per share. As a group, analysts anticipate that Walt Disney Co will post 6.67 earnings per share for the current year.
Several research firms recently weighed in on DIS. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine upgraded Walt Disney from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. Rosenblatt Securities restated a “buy” rating and set a $150.00 price target on shares of Walt Disney in a research report on Monday, April 8th. Citigroup boosted their target price on Walt Disney from $160.00 to $161.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Finally, Imperial Capital boosted their target price on Walt Disney from $129.00 to $139.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the company. Walt Disney presently has an average rating of “Buy” and a consensus price target of $142.42.
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Walt Disney Company 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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