Hermes Investment Management Ltd. grew its stake in Walt Disney Co (NYSE:DIS) by 218.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 567,134 shares of the entertainment giant’s stock after purchasing an additional 388,824 shares during the quarter. Hermes Investment Management Ltd.’s holdings in Walt Disney were worth $60,973,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of DIS. Legacy Advisors LLC bought a new position in shares of Walt Disney in the third quarter valued at about $137,000. Malaga Cove Capital LLC bought a new position in shares of Walt Disney in the third quarter valued at about $140,000. Wealthcare Advisory Partners LLC bought a new position in shares of Walt Disney in the third quarter valued at about $142,000. Cerebellum GP LLC bought a new position in shares of Walt Disney in the fourth quarter valued at about $142,000. Finally, Krilogy Financial LLC raised its position in shares of Walt Disney by 13.2% in the second quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock valued at $151,000 after purchasing an additional 166 shares during the period. 62.63% of the stock is currently owned by institutional investors.
In other news, Director Aylwin B. Lewis sold 1,797 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $108.39, for a total value of $194,776.83. Following the sale, the director now directly owns 85,636 shares in the company, valued at approximately $9,282,086.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.38% of the company’s stock.
Walt Disney (NYSE:DIS) last posted its quarterly earnings results 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. Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. The company had revenue of $15.35 billion for the quarter, compared to the consensus estimate of $15.47 billion. During the same period last year, the company posted $1.55 EPS. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. sell-side analysts anticipate that Walt Disney Co will post 6.95 earnings per share for the current year.
Several brokerages have recently weighed in on DIS. Bank of America reissued a “buy” rating and issued a $144.00 price objective (up from $130.00) on shares of Walt Disney in a research report on Wednesday, January 10th. Vetr lowered shares of 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 reaffirmed 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 shares of Walt Disney and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Finally, Rosenblatt Securities raised shares of Walt Disney from a “neutral” rating to a “buy” rating and raised their price target for the stock from $115.00 to $130.00 in a research report on Wednesday, January 3rd. 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 an average rating of “Buy” and an average target price of $118.59.
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Walt Disney Company 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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