Osborne Partners Capital Management LLC lowered its holdings in shares of Walt Disney Co (NYSE:DIS) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,351 shares of the entertainment giant’s stock after selling 837 shares during the quarter. Walt Disney accounts for about 1.3% of Osborne Partners Capital Management LLC’s portfolio, making the stock its 20th biggest position. Osborne Partners Capital Management LLC’s holdings in Walt Disney were worth $9,929,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Amalgamated Bank grew its holdings in shares of Walt Disney by 49.8% during the second quarter. Amalgamated Bank now owns 180,632 shares of the entertainment giant’s stock worth $19,192,000 after buying an additional 60,088 shares in the last quarter. Selway Asset Management grew its holdings in shares of Walt Disney by 3.0% during the third quarter. Selway Asset Management now owns 37,456 shares of the entertainment giant’s stock worth $3,692,000 after buying an additional 1,100 shares in the last quarter. Gareth Morgan Investments Limited Partnership bought a new position in shares of Walt Disney during the second quarter worth about $5,002,000. Baskin Financial Services Inc. grew its holdings in shares of Walt Disney by 5.6% during the third quarter. Baskin Financial Services Inc. now owns 91,396 shares of the entertainment giant’s stock worth $9,009,000 after buying an additional 4,835 shares in the last quarter. Finally, Stokes & Hubbell Capital Management LLC grew its holdings in shares of Walt Disney by 5.9% during the third quarter. Stokes & Hubbell Capital Management LLC now owns 42,099 shares of the entertainment giant’s stock worth $4,150,000 after buying an additional 2,348 shares in the last quarter. 62.63% of the stock is currently owned by institutional investors.
A number of research analysts recently issued reports on DIS shares. Jefferies Group reiterated a “hold” rating and set a $112.00 price objective on shares of Walt Disney in a report on Wednesday, February 7th. Pivotal Research increased their price objective on Walt Disney from $83.00 to $91.00 and gave the stock a “sell” rating in a report on Thursday, December 14th. B. Riley increased their price objective on Walt Disney from $122.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Piper Jaffray Companies reiterated a “buy” rating and set a $120.00 price objective on shares of Walt Disney in a report on Wednesday, November 22nd. Finally, Loop Capital increased their price objective on Walt Disney from $106.00 to $108.00 and gave the stock a “hold” rating in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Walt Disney presently has a consensus rating of “Buy” and an average price target of $118.59.
Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 EPS for the quarter, topping the Thomson Reuters’ 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 the consensus estimate of $15.47 billion. During the same period in the previous year, the company posted $1.55 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. research analysts anticipate that Walt Disney Co will post 6.95 earnings per share for the current fiscal year.
In other news, Director Aylwin B. Lewis sold 1,797 shares of Walt Disney stock in a transaction that occurred 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 directly owns 85,636 shares in the company, valued at approximately $9,282,086.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.38% of the company’s stock.
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About Walt Disney
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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