State of Alaska Department of Revenue grew its stake in shares of Walt Disney Co (NYSE:DIS) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 359,474 shares of the entertainment giant’s stock after purchasing an additional 16,321 shares during the period. Walt Disney makes up 0.8% of State of Alaska Department of Revenue’s investment portfolio, making the stock its 20th largest holding. State of Alaska Department of Revenue’s holdings in Walt Disney were worth $39,413,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Highwater Wealth Management LLC bought a new stake in Walt Disney during the fourth quarter worth about $56,000. Canton Hathaway LLC purchased a new stake in Walt Disney during the third quarter valued at approximately $107,000. CSat Investment Advisory L.P. purchased a new stake in Walt Disney during the second quarter valued at approximately $112,000. Lenox Wealth Advisors LLC increased its holdings in Walt Disney by 807.2% during the third quarter. Lenox Wealth Advisors LLC now owns 1,134 shares of the entertainment giant’s stock valued at $133,000 after buying an additional 1,009 shares during the last quarter. Finally, Fort L.P. purchased a new stake in Walt Disney during the second quarter valued at approximately $121,000. 66.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE DIS opened at $109.44 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.00 and a quick ratio of 0.92. The firm has a market capitalization of $166.24 billion, a PE ratio of 15.46, a PEG ratio of 2.67 and a beta of 0.96. Walt Disney Co has a 1 year low of $97.68 and a 1 year high of $120.20.
Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.27. The firm had revenue of $15.30 billion during the quarter, compared to analysts’ expectations of $15.20 billion. Walt Disney had a net margin of 18.46% and a return on equity of 20.50%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.89 earnings per share. As a group, research analysts predict that Walt Disney Co will post 7.11 earnings per share for the current fiscal year.
A number of analysts have commented on DIS shares. ValuEngine raised shares of Walt Disney from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Loop Capital upped their target price on shares of Walt Disney to $130.00 and gave the company a “buy” rating in a report on Friday, November 9th. Argus upped their target price on shares of Walt Disney from $129.00 to $135.00 and gave the company a “buy” rating in a report on Monday, November 12th. Credit Suisse Group reaffirmed a “hold” rating and set a $114.00 target price on shares of Walt Disney in a report on Tuesday, January 22nd. Finally, Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Thursday, January 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $124.84.
In other news, EVP Alan N. Braverman sold 1,153 shares of the stock in a transaction on Friday, December 28th. The shares were sold at an average price of $107.70, for a total value of $124,178.10. Following the completion of the sale, the executive vice president now directly owns 106,390 shares of the company’s stock, valued at $11,458,203. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Brent Woodford sold 294 shares of the stock in a transaction on Friday, January 4th. The stock was sold at an average price of $110.00, for a total transaction of $32,340.00. Following the completion of the sale, the executive vice president now directly owns 26,513 shares of the company’s stock, valued at $2,916,430. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,648 shares of company stock valued at $1,616,684. Corporate insiders own 0.36% of the company’s stock.
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Walt Disney Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
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