Ferguson Wellman Capital Management Inc. grew its stake in shares of Walt Disney Co (NYSE:DIS) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,775 shares of the entertainment giant’s stock after buying an additional 668 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Walt Disney were worth $3,416,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of DIS. Amalgamated Bank raised its stake in Walt Disney by 49.8% during the 2nd quarter. Amalgamated Bank now owns 180,632 shares of the entertainment giant’s stock valued at $19,192,000 after purchasing an additional 60,088 shares during the period. Selway Asset Management raised its stake in Walt Disney by 3.0% during the 3rd quarter. Selway Asset Management now owns 37,456 shares of the entertainment giant’s stock valued at $3,692,000 after purchasing an additional 1,100 shares during the period. Gareth Morgan Investments Limited Partnership bought a new stake in Walt Disney during the 2nd quarter valued at approximately $5,002,000. Baskin Financial Services Inc. raised its stake in Walt Disney by 5.6% during the 3rd quarter. Baskin Financial Services Inc. now owns 91,396 shares of the entertainment giant’s stock valued at $9,009,000 after purchasing an additional 4,835 shares during the period. Finally, Stokes & Hubbell Capital Management LLC raised its stake in Walt Disney by 5.9% during the 3rd quarter. Stokes & Hubbell Capital Management LLC now owns 42,099 shares of the entertainment giant’s stock valued at $4,150,000 after purchasing an additional 2,348 shares during the period. 62.63% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Aylwin B. Lewis sold 1,797 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $108.39, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.38% of the stock is owned by insiders.
Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.28. Walt Disney had a return on equity of 20.44% and a net margin of 19.61%. The company had revenue of $15.35 billion during the quarter, compared to analysts’ expectations of $15.47 billion. During the same quarter in the previous year, the business earned $1.55 EPS. Walt Disney’s revenue was up 3.8% compared to the same quarter last year. equities analysts expect that Walt Disney Co will post 6.95 earnings per share for the current year.
Several analysts recently issued reports on DIS shares. Wells Fargo & Co reissued a “buy” rating and set a $135.00 target price on shares of Walt Disney in a research note on Friday, December 15th. Piper Jaffray Companies set a $125.00 price objective on Walt Disney and gave the stock a “buy” rating in a research note on Friday, December 15th. Loop Capital reaffirmed a “buy” rating and issued a $106.00 price objective on shares of Walt Disney in a research note on Monday, December 11th. Vetr raised Walt Disney from a “hold” rating to a “buy” rating and set a $107.20 price objective on the stock in a research note on Tuesday, November 21st. Finally, Credit Suisse Group reaffirmed a “buy” rating on shares of Walt Disney in a research note on Friday, December 22nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Walt Disney has an average rating of “Buy” and an average price target of $118.59.
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Walt Disney 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.
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