Clear Harbor Asset Management LLC lifted its stake in Walt Disney Co (NYSE:DIS) by 51.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,412 shares of the entertainment giant’s stock after purchasing an additional 2,863 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Walt Disney were worth $813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Landscape Capital Management L.L.C. purchased a new position in shares of Walt Disney in the 4th quarter worth about $1,297,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Walt Disney by 14.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 496,070 shares of the entertainment giant’s stock worth $71,747,000 after buying an additional 63,786 shares during the last quarter. Brighton Jones LLC raised its position in Walt Disney by 6.7% in the 4th quarter. Brighton Jones LLC now owns 18,451 shares of the entertainment giant’s stock worth $2,669,000 after buying an additional 1,165 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in Walt Disney in the 1st quarter worth about $507,000. Finally, Augustine Asset Management Inc. raised its position in Walt Disney by 3.4% in the 4th quarter. Augustine Asset Management Inc. now owns 2,883 shares of the entertainment giant’s stock worth $417,000 after buying an additional 95 shares during the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.
DIS has been the subject of a number of recent analyst reports. Deutsche Bank decreased their target price on Walt Disney from $147.00 to $128.00 and set a “hold” rating for the company in a research report on Tuesday. Rosenblatt Securities reissued a “buy” rating and issued a $130.00 target price on shares of Walt Disney in a research report on Wednesday, May 6th. TheStreet lowered Walt Disney from a “b-” rating to a “c+” rating in a research report on Thursday, March 12th. Morgan Stanley decreased their target price on Walt Disney from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, May 4th. Finally, Citigroup decreased their target price on Walt Disney from $161.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Fourteen investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Walt Disney presently has an average rating of “Hold” and a consensus target price of $126.58.
Shares of NYSE:DIS opened at $117.83 on Friday. The stock has a 50 day moving average of $104.38 and a 200 day moving average of $127.15. The company has a market cap of $212.83 billion, a PE ratio of 39.81, a price-to-earnings-growth ratio of 11.24 and a beta of 1.08. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 0.45. Walt Disney Co has a 12-month low of $79.07 and a 12-month high of $153.41.
Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, May 5th. The entertainment giant reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.23). The company had revenue of $18.01 billion for the quarter, compared to the consensus estimate of $17.49 billion. Walt Disney had a net margin of 6.88% and a return on equity of 9.09%. The company’s revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.61 earnings per share. Equities research analysts predict that Walt Disney Co will post 2.09 earnings per share for the current fiscal year.
About Walt Disney
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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