Eagle Ridge Investment Management boosted its position in Walt Disney Co (NYSE:DIS) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,841 shares of the entertainment giant’s stock after acquiring an additional 375 shares during the quarter. Eagle Ridge Investment Management’s holdings in Walt Disney were worth $860,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Litman Gregory Asset Management LLC purchased a new position in Walt Disney in the fourth quarter valued at about $25,000. Crewe Advisors LLC raised its position in Walt Disney by 55.6% in 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 during the period. Portfolio Solutions LLC purchased a new position in Walt Disney in the fourth quarter valued at about $43,000. Contravisory Investment Management Inc. raised its position in Walt Disney by 176.4% in 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 during the period. Finally, Watermark Asset Management Inc. raised its position in Walt Disney by 52.2% in 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 during the period. Hedge funds and other institutional investors own 64.99% of the company’s stock.
In other news, EVP Brent Woodford sold 2,000 shares of Walt Disney stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $113.60, for a total transaction of $227,200.00. Following the sale, the executive vice president now directly owns 26,517 shares of the company’s stock, valued at $3,012,331.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Zenia B. Mucha sold 33,000 shares of Walt Disney stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $128.88, for a total value of $4,253,040.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,000 shares of company stock worth $4,708,940. Corporate insiders own 0.36% of the company’s stock.
DIS has been the topic of several research reports. Zacks Investment Research lowered Walt Disney from a “hold” rating to a “sell” rating in a research report on Friday, January 11th. Credit Suisse Group reissued a “hold” rating and issued a $114.00 price objective on shares of Walt Disney in a research report on Tuesday, January 22nd. BMO Capital Markets raised their price objective on Walt Disney from $109.00 to $114.00 and gave the company a “market perform” rating in a research report on Thursday, February 7th. Tigress Financial reissued a “buy” rating on shares of Walt Disney in a research report on Tuesday, February 12th. Finally, Edward Jones raised Walt Disney from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $139.52.
Shares of NYSE DIS opened at $135.00 on Tuesday. Walt Disney Co has a 1 year low of $98.81 and a 1 year high of $142.37. The stock has a market cap of $200.26 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 3.47 and a beta of 1.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 1.00.
Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.27. Walt Disney had a return on equity of 20.50% and a net margin of 18.46%. The business had revenue of $15.30 billion for the quarter, compared to analyst estimates of $15.20 billion. During the same period in the previous year, the company earned $1.89 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. Equities research analysts anticipate that Walt Disney Co will post 6.79 earnings per share for the current year.
Walt Disney 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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