IFP Advisors Inc reduced its position in Walt Disney Co (NYSE:DIS) by 28.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 83,564 shares of the entertainment giant’s stock after selling 32,730 shares during the period. IFP Advisors Inc’s holdings in Walt Disney were worth $8,984,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Janus Henderson Group PLC increased its position in shares of Walt Disney by 929.6% during the second quarter. Janus Henderson Group PLC now owns 5,410,942 shares of the entertainment giant’s stock valued at $574,907,000 after buying an additional 4,885,398 shares during the period. AJO LP increased its position in shares of Walt Disney by 12,331.6% during the second quarter. AJO LP now owns 3,300,335 shares of the entertainment giant’s stock valued at $350,661,000 after buying an additional 3,273,787 shares during the period. Vanguard Group Inc. increased its position in shares of Walt Disney by 2.2% during 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 buying an additional 2,131,932 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Walt Disney by 247.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,644,700 shares of the entertainment giant’s stock valued at $280,999,000 after buying an additional 1,884,600 shares during the period. Finally, Nordea Investment Management AB increased its position in shares of Walt Disney by 48.7% during the second quarter. Nordea Investment Management AB now owns 5,313,513 shares of the entertainment giant’s stock valued at $564,561,000 after buying an additional 1,740,128 shares during the period. Institutional investors and hedge funds own 62.63% of the company’s stock.
Several brokerages have recently weighed in on DIS. Bank of America reiterated a “buy” rating and set a $144.00 price target (up from $130.00) on shares of Walt Disney in a research report on Wednesday, January 10th. Vetr cut Walt Disney from a “strong-buy” rating to a “buy” rating and set a $114.86 price target on the stock. in a research report on Tuesday, February 13th. B. Riley reiterated a “hold” rating and set a $122.00 price target on shares of Walt Disney in a research report on Monday, January 29th. Macquarie set a $125.00 price target on Walt Disney and gave the company a “buy” rating in a research report on Tuesday, February 6th. Finally, Rosenblatt Securities upgraded Walt Disney from a “neutral” rating to a “buy” rating and upped their price target for the company from $115.00 to $130.00 in a research report on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $118.59.
Shares of Walt Disney Co (DIS) opened at $105.17 on Tuesday. The firm has a market capitalization of $157,480.00, a P/E ratio of 17.34, a PEG ratio of 1.79 and a beta of 1.30. Walt Disney Co has a 52 week low of $96.20 and a 52 week high of $116.10. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.87.
Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share 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 business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.55 earnings per share. sell-side analysts forecast that Walt Disney Co will post 6.95 EPS for the current year.
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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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