Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Walt Disney Co (NYSE:DIS) by 40.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 301,455 shares of the entertainment giant’s stock after buying an additional 87,237 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Walt Disney were worth $32,409,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in Walt Disney during the 2nd quarter worth about $925,000. Legacy Advisors LLC purchased a new position in Walt Disney during the 3rd quarter valued at about $137,000. Cerebellum GP LLC purchased a new position in Walt Disney during the 4th quarter valued at about $142,000. Malaga Cove Capital LLC purchased a new position in Walt Disney during the 3rd quarter valued at about $140,000. Finally, Krilogy Financial LLC grew its stake in Walt Disney by 13.2% during the 2nd quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock valued at $151,000 after acquiring an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 62.63% of the company’s stock.
In related news, Director Aylwin B. Lewis sold 1,797 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $108.39, for a total value of $194,776.83. Following the completion of 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 can be accessed through the SEC website. 0.38% of the stock is currently owned by insiders.
Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share 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 firm had revenue of $15.35 billion during the quarter, compared to analyst estimates of $15.47 billion. During the same period in the previous year, the company earned $1.55 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. analysts predict that Walt Disney Co will post 6.95 earnings per share for the current year.
Several research firms have weighed in on DIS. Rosenblatt Securities raised Walt Disney from a “neutral” rating to a “buy” rating and lifted their target price for the company from $115.00 to $130.00 in a research note on Wednesday, January 3rd. Vetr cut Walt Disney from a “buy” rating to a “hold” rating and set a $113.39 target price on the stock. in a research note on Wednesday, January 3rd. Royal Bank of Canada lifted their target price on Walt Disney to $135.00 and gave the company a “top pick” rating in a research note on Wednesday, January 3rd. B. Riley reaffirmed a “hold” rating and set a $122.00 target price on shares of Walt Disney in a research note on Monday, January 29th. Finally, Zacks Investment Research cut Walt Disney from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. 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 given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus 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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