Legal & General Group Plc raised its position in Walt Disney Co (NYSE:DIS) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,001,304 shares of the entertainment giant’s stock after buying an additional 98,550 shares during the period. Walt Disney accounts for 0.6% of Legal & General Group Plc’s investment portfolio, making the stock its 28th biggest holding. Legal & General Group Plc owned 0.47% of Walt Disney worth $818,701,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Smith Asset Management Group LP grew its holdings in shares of Walt Disney by 2.4% in the second quarter. Smith Asset Management Group LP now owns 89,430 shares of the entertainment giant’s stock valued at $9,373,000 after purchasing an additional 2,110 shares during the period. United Bank grew its holdings in shares of Walt Disney by 29.6% during the 2nd quarter. United Bank now owns 16,978 shares of the entertainment giant’s stock worth $1,779,000 after purchasing an additional 3,876 shares during the period. GSA Capital Partners LLP increased its holdings in shares of Walt Disney by 993.0% in the 2nd quarter. GSA Capital Partners LLP now owns 23,390 shares of the entertainment giant’s stock valued at $2,452,000 after acquiring an additional 21,250 shares during the last quarter. Carillon Tower Advisers Inc. bought a new position in shares of Walt Disney in the second quarter worth $2,903,000. Finally, Lakeview Capital Partners LLC lifted its holdings in shares of Walt Disney by 14.9% during the second quarter. Lakeview Capital Partners LLC now owns 6,867 shares of the entertainment giant’s stock valued at $720,000 after purchasing an additional 892 shares during the last quarter. Hedge funds and other institutional investors own 66.58% of the company’s stock.
Shares of Walt Disney stock traded down $1.91 on Monday, reaching $109.60. The stock had a trading volume of 2,933,595 shares, compared to its average volume of 7,400,975. 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 Co has a 1 year low of $97.68 and a 1 year high of $120.20. The company has a market cap of $166.24 billion, a P/E ratio of 15.48, a PEG ratio of 2.67 and a beta of 0.96.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.27. Walt Disney had a net margin of 18.46% and a return on equity of 20.50%. The firm had revenue of $15.30 billion for the quarter, compared to the consensus estimate of $15.20 billion. During the same quarter in the previous year, the firm earned $1.89 EPS. The company’s quarterly revenue was down .3% compared to the same quarter last year. As a group, equities research analysts forecast that Walt Disney Co will post 7.11 EPS for the current fiscal year.
In other Walt Disney news, EVP Brent Woodford sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $113.60, for a total transaction of $227,200.00. Following the sale, the executive vice president now owns 26,517 shares of the company’s stock, valued at approximately $3,012,331.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Alan N. Braverman sold 1,153 shares of the business’s stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $107.70, for a total transaction of $124,178.10. Following the sale, the executive vice president now directly owns 106,390 shares in the company, valued at approximately $11,458,203. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,648 shares of company stock worth $1,616,684. 0.36% of the stock is owned by insiders.
Several equities research analysts have recently commented on the company. Zacks Investment Research cut Walt Disney from a “hold” rating to a “sell” rating in a research note on Monday, December 17th. Morgan Stanley raised their price target on shares of Walt Disney from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, October 15th. ValuEngine upgraded shares of Walt Disney from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. B. Riley reissued a “neutral” rating on shares of Walt Disney in a research report on Friday, November 9th. Finally, Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $104.00 to $130.00 in a research report on Friday, October 19th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $124.84.
About Walt Disney
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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