Longer Investments Inc. purchased a new position in Walt Disney Co (NYSE:DIS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 21,590 shares of the entertainment giant’s stock, valued at approximately $2,321,000. Walt Disney makes up approximately 1.9% of Longer Investments Inc.’s investment portfolio, making the stock its 24th biggest holding.
A number of other hedge funds also recently made changes to their positions in DIS. Beach Investment Management LLC. purchased a new stake in Walt Disney in the 2nd quarter worth $5,587,000. One Capital Management LLC lifted its stake in Walt Disney by 3.2% in the 2nd quarter. One Capital Management LLC now owns 25,573 shares of the entertainment giant’s stock worth $2,717,000 after purchasing an additional 790 shares in the last quarter. Cobblestone Capital Advisors LLC NY lifted its stake in Walt Disney by 17.1% in the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 73,472 shares of the entertainment giant’s stock worth $7,806,000 after purchasing an additional 10,742 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Walt Disney by 6.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,706,473 shares of the entertainment giant’s stock worth $500,063,000 after purchasing an additional 265,456 shares in the last quarter. Finally, MUFG Americas Holdings Corp lifted its stake in Walt Disney by 9.9% in the 2nd quarter. MUFG Americas Holdings Corp now owns 231,378 shares of the entertainment giant’s stock worth $24,584,000 after purchasing an additional 20,835 shares in the last quarter. Institutional investors and hedge funds own 62.63% of the company’s stock.
Walt Disney Co (NYSE DIS) opened at $103.73 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.80. The company has a market cap of $158,141.61, a PE ratio of 17.41, a price-to-earnings-growth ratio of 1.79 and a beta of 1.30. Walt Disney Co has a one year low of $96.20 and a one year high of $116.10.
DIS has been the topic of several research analyst reports. Wells Fargo & Co reiterated a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a research note on Friday, December 15th. Piper Jaffray Companies set a $125.00 target price on shares of Walt Disney and gave the company a “buy” rating in a research report on Friday, December 15th. Vetr upgraded shares of Walt Disney from a “hold” rating to a “buy” rating and set a $107.20 target price on the stock in a research report on Tuesday, November 21st. Loop Capital restated a “buy” rating and set a $106.00 target price on shares of Walt Disney in a research report on Monday, December 11th. Finally, Credit Suisse Group restated a “buy” rating on shares of Walt Disney in a research report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Walt Disney currently has a consensus rating of “Buy” and a consensus price target of $118.59.
In other Walt Disney news, Director Aylwin B. Lewis sold 1,797 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $108.39, for a total value of $194,776.83. Following the transaction, the director now directly owns 85,636 shares in the company, valued at approximately $9,282,086.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is owned by corporate insiders.
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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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