Viking Fund Management LLC lessened its stake in shares of Walt Disney Co (NYSE:DIS) by 50.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,000 shares of the entertainment giant’s stock after selling 4,000 shares during the quarter. Viking Fund Management LLC’s holdings in Walt Disney were worth $430,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Walt Disney by 2.2% in the second quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after purchasing an additional 2,131,932 shares in the last quarter. Northern Trust Corp boosted its stake in Walt Disney by 2.5% during the second quarter. Northern Trust Corp now owns 20,462,287 shares of the entertainment giant’s stock worth $2,174,118,000 after buying an additional 500,349 shares during the period. Legal & General Group Plc boosted its stake in Walt Disney by 3.8% during the third quarter. Legal & General Group Plc now owns 8,186,026 shares of the entertainment giant’s stock worth $806,872,000 after buying an additional 300,973 shares during the period. Parnassus Investments CA boosted its stake in Walt Disney by 19.3% during the third quarter. Parnassus Investments CA now owns 6,941,130 shares of the entertainment giant’s stock worth $684,187,000 after buying an additional 1,123,949 shares during the period. Finally, Swiss National Bank boosted its stake in Walt Disney by 7.8% during the second quarter. Swiss National Bank now owns 5,777,328 shares of the entertainment giant’s stock worth $613,841,000 after buying an additional 420,200 shares during the period. 62.63% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Walt Disney Co (NYSE:DIS) traded up $0.17 during trading on Wednesday, hitting $103.90. The stock had a trading volume of 6,184,901 shares, compared to its average volume of 8,344,467. Walt Disney Co has a fifty-two week low of $96.20 and a fifty-two week high of $116.10. The firm has a market cap of $156,610.00, a PE ratio of 17.35, a price-to-earnings-growth ratio of 1.79 and a beta of 1.30. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.80.
Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.28. The firm had revenue of $15.35 billion during the quarter, compared to analyst estimates of $15.47 billion. Walt Disney had a return on equity of 20.44% and a net margin of 19.61%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the company posted $1.55 EPS. research analysts forecast that Walt Disney Co will post 6.95 EPS for the current year.
In other news, Director Aylwin B. Lewis sold 1,797 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $108.39, for a total value of $194,776.83. Following the completion of the sale, the director now owns 85,636 shares in the company, valued at $9,282,086.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.38% of the company’s stock.
Several research firms recently weighed in on DIS. Rosenblatt Securities upgraded Walt Disney from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $115.00 to $130.00 in a report on Wednesday, January 3rd. Zacks Investment Research downgraded shares of Walt Disney from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Vetr upgraded shares of Walt Disney from a “hold” rating to a “buy” rating and set a $112.50 target price for the company in a report on Monday, January 1st. Cowen restated a “hold” rating and set a $102.00 price target on shares of Walt Disney in a research note on Monday, February 5th. Finally, Macquarie upgraded Walt Disney from a “neutral” rating to an “outperform” rating and upped their target price for the company from $112.00 to $125.00 in a research report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $118.59.
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About Walt Disney
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.
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