Westside Investment Management Inc. boosted its position in shares of The Walt Disney Company (NYSE:DIS – Get Rating) by 5.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 18,667 shares of the entertainment giant’s stock after purchasing an additional 1,043 shares during the period. Walt Disney makes up 1.2% of Westside Investment Management Inc.’s holdings, making the stock its 18th largest holding. Westside Investment Management Inc.’s holdings in Walt Disney were worth $563,810,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the business. State Street Corp grew its stake in Walt Disney by 1.7% in the 4th quarter. State Street Corp now owns 73,140,194 shares of the entertainment giant’s stock worth $11,328,685,000 after buying an additional 1,200,863 shares in the last quarter. Geode Capital Management LLC grew its stake in Walt Disney by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 28,802,702 shares of the entertainment giant’s stock worth $4,448,175,000 after buying an additional 518,125 shares in the last quarter. Norges Bank purchased a new position in Walt Disney in the 4th quarter worth approximately $2,290,736,000. Loomis Sayles & Co. L P grew its stake in Walt Disney by 25.1% in the 4th quarter. Loomis Sayles & Co. L P now owns 13,510,534 shares of the entertainment giant’s stock worth $2,092,646,000 after buying an additional 2,707,126 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Walt Disney by 4.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,709,126 shares of the entertainment giant’s stock worth $1,503,846,000 after buying an additional 385,342 shares in the last quarter. 64.17% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE DIS opened at $95.86 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 0.49. The Walt Disney Company has a 12 month low of $92.01 and a 12 month high of $187.58. The firm has a market capitalization of $174.53 billion, a PE ratio of 66.11, a price-to-earnings-growth ratio of 1.17 and a beta of 1.24. The firm has a fifty day simple moving average of $102.60 and a two-hundred day simple moving average of $128.01.
Walt Disney (NYSE:DIS – Get Rating) last issued its quarterly earnings data on Wednesday, May 11th. The entertainment giant reported $1.08 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.11). Walt Disney had a return on equity of 6.87% and a net margin of 3.46%. During the same quarter in the prior year, the business earned $0.79 earnings per share. On average, sell-side analysts predict that The Walt Disney Company will post 3.96 earnings per share for the current year.
DIS has been the subject of a number of research reports. Tigress Financial reaffirmed a “buy” rating and issued a $229.00 price objective on shares of Walt Disney in a research note on Friday, April 1st. Truist Financial cut their price objective on shares of Walt Disney from $160.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, June 2nd. Morgan Stanley cut their price objective on shares of Walt Disney from $170.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, June 30th. Wolfe Research cut their price objective on shares of Walt Disney from $211.00 to $128.00 and set an “outperform” rating for the company in a research note on Thursday, June 2nd. Finally, BMO Capital Markets cut their price objective on shares of Walt Disney from $140.00 to $135.00 in a research note on Thursday, May 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $163.56.
Walt Disney Profile (Get Rating)
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
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