Fiduciary Trust Co. cut its stake in Walt Disney Co (NYSE:DIS) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 231,252 shares of the entertainment giant’s stock after selling 8,434 shares during the quarter. Fiduciary Trust Co.’s holdings in Walt Disney were worth $24,862,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Legacy Advisors LLC acquired a new stake in shares of Walt Disney in the 3rd quarter worth $137,000. Malaga Cove Capital LLC acquired a new stake in shares of Walt Disney in the 3rd quarter worth $140,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Walt Disney in the 3rd quarter worth $142,000. Cerebellum GP LLC acquired a new stake in shares of Walt Disney in the 4th quarter worth $142,000. Finally, Krilogy Financial LLC increased its stake in shares of Walt Disney by 13.2% in the 2nd quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock worth $151,000 after acquiring an additional 166 shares during the last quarter. 62.56% of the stock is owned by institutional investors and hedge funds.
Walt Disney Co (NYSE DIS) opened at $101.48 on Tuesday. Walt Disney Co has a twelve month low of $96.20 and a twelve month high of $116.10. The company has a market capitalization of $154,683.16, a PE ratio of 14.39, a P/E/G ratio of 1.75 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 (NYSE:DIS) last announced its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.28. The business had revenue of $15.35 billion during the quarter, compared to analysts’ expectations of $15.47 billion. Walt Disney had a return on equity of 20.44% and a net margin of 19.61%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.55 EPS. equities analysts anticipate that Walt Disney Co will post 6.95 earnings per share for the current fiscal year.
A number of analysts have issued reports on the company. Rosenblatt Securities raised Walt Disney from a “neutral” rating to a “buy” rating and raised their target price for the stock from $115.00 to $130.00 in a research note on Wednesday, January 3rd. Vetr downgraded Walt Disney from a “buy” rating to a “hold” rating and set a $113.39 target price for the company. in a research note on Wednesday, January 3rd. Royal Bank of Canada raised their price objective on Walt Disney to $135.00 and gave the stock a “top pick” rating in a research report on Wednesday, January 3rd. B. Riley reissued a “hold” rating and set a $122.00 price objective on shares of Walt Disney in a research report on Monday, January 29th. Finally, Zacks Investment Research downgraded Walt Disney from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Walt Disney has a consensus rating of “Buy” and an average target price of $119.40.
In other news, Director Aylwin B. Lewis sold 1,797 shares of Walt Disney stock in a transaction dated 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 transaction, the director now owns 85,636 shares in the company, valued at approximately $9,282,086.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.38% of the company’s stock.
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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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