New England Research & Management Inc. increased its position in Walt Disney Co (NYSE:DIS) by 35.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,535 shares of the entertainment giant’s stock after buying an additional 6,105 shares during the quarter. Walt Disney comprises approximately 2.0% of New England Research & Management Inc.’s holdings, making the stock its 5th largest position. New England Research & Management Inc.’s holdings in Walt Disney were worth $2,581,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Highwater Wealth Management LLC acquired a new stake in shares of Walt Disney during the fourth quarter worth $56,000. Canton Hathaway LLC acquired a new stake in shares of Walt Disney during the third quarter worth $107,000. CSat Investment Advisory L.P. acquired a new stake in shares of Walt Disney during the second quarter worth $112,000. Fort L.P. acquired a new stake in shares of Walt Disney during the second quarter worth $121,000. Finally, Lenox Wealth Advisors LLC raised its position 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 period. Institutional investors and hedge funds own 66.58% of the company’s stock.
In other news, EVP Brent Woodford sold 723 shares of the company’s stock in a transaction dated Wednesday, December 19th. The stock was sold at an average price of $110.10, for a total transaction of $79,602.30. Following the completion of the sale, the executive vice president now owns 23,034 shares in the company, valued at approximately $2,536,043.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Alan N. Braverman sold 1,153 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 106,390 shares of the company’s stock, valued at approximately $11,458,203. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,648 shares of company stock valued at $1,616,684. 0.36% of the stock is currently owned by corporate insiders.
DIS has been the topic of several recent analyst reports. ValuEngine raised Walt Disney from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Loop Capital upped their price target on Walt Disney to $130.00 and gave the company a “buy” rating in a research report on Friday, November 9th. Argus upped their price target on Walt Disney from $129.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, November 12th. Credit Suisse Group reaffirmed a “hold” rating and issued a $114.00 target price on shares of Walt Disney in a research report on Tuesday, January 22nd. Finally, Zacks Investment Research raised Walt Disney from a “sell” rating to a “hold” rating in a research report on Thursday, January 17th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $124.84.
DIS opened at $109.44 on Tuesday. The stock has a market cap of $166.24 billion, a PE ratio of 15.46, a P/E/G ratio of 2.67 and a beta of 0.96. Walt Disney Co has a 52-week low of $97.68 and a 52-week high of $120.20. The company has a quick ratio of 0.92, a current ratio of 1.00 and a debt-to-equity ratio of 0.32.
Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.27. The company had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.20 billion. Walt Disney had a return on equity of 20.50% and a net margin of 18.46%. The firm’s revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.89 EPS. On average, equities research analysts forecast that Walt Disney Co will post 7.11 earnings per share for the current year.
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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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