Gofen & Glossberg LLC IL reduced its position in shares of Walt Disney Co (NYSE:DIS) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 413,156 shares of the entertainment giant’s stock after selling 3,896 shares during the period. Walt Disney comprises 1.5% of Gofen & Glossberg LLC IL’s portfolio, making the stock its 15th largest position. Gofen & Glossberg LLC IL’s holdings in Walt Disney were worth $40,725,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ICICI Prudential Asset Management Co Ltd raised its holdings in Walt Disney by 11.1% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 5,000 shares of the entertainment giant’s stock valued at $493,000 after acquiring an additional 500 shares in the last quarter. Moors & Cabot Inc. raised its holdings in Walt Disney by 24.9% in the third quarter. Moors & Cabot Inc. now owns 44,820 shares of the entertainment giant’s stock valued at $4,424,000 after acquiring an additional 8,922 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in Walt Disney in the third quarter valued at $736,000. IFM Investors Pty Ltd raised its holdings in Walt Disney by 1.3% in the third quarter. IFM Investors Pty Ltd now owns 43,755 shares of the entertainment giant’s stock valued at $4,313,000 after acquiring an additional 558 shares in the last quarter. Finally, Independent Advisor Alliance raised its holdings in Walt Disney by 3.0% in the third quarter. Independent Advisor Alliance now owns 41,878 shares of the entertainment giant’s stock valued at $4,168,000 after acquiring an additional 1,219 shares in the last quarter. 61.12% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently issued reports on DIS shares. Morgan Stanley cut their price target on shares of Walt Disney from $130.00 to $120.00 and set an “overweight” rating on the stock in a report on Tuesday, October 31st. Piper Jaffray Companies set a $130.00 price target on shares of Walt Disney and gave the company a “buy” rating in a report on Tuesday, October 31st. Citigroup reaffirmed a “buy” rating and issued a $119.00 price target on shares of Walt Disney in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Finally, B. Riley reaffirmed a “neutral” rating on shares of Walt Disney in a report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $118.59.
Walt Disney Co (NYSE DIS) opened at $106.53 on Friday. The company has a market cap of $160,186.61, a PE ratio of 17.64, a PEG ratio of 1.82 and a beta of 1.30. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Walt Disney Co has a 12-month low of $96.20 and a 12-month high of $116.10.
Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 EPS for the quarter, topping the consensus estimate of $1.61 by $0.28. The business had revenue of $15.35 billion during the quarter, compared to analyst estimates of $15.47 billion. Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.55 earnings per share. research analysts expect that Walt Disney Co will post 6.95 EPS for the current fiscal year.
Walt Disney Company Profile
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).
Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.