Monetary Management Group Inc. lowered its stake in shares of Walt Disney Co (NYSE:DIS) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,075 shares of the entertainment giant’s stock after selling 50 shares during the period. Walt Disney comprises approximately 1.2% of Monetary Management Group Inc.’s portfolio, making the stock its 29th largest position. Monetary Management Group Inc.’s holdings in Walt Disney were worth $2,613,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of DIS. Lawson Kroeker Investment Management Inc. NE increased its position in Walt Disney by 1.4% in the third quarter. Lawson Kroeker Investment Management Inc. NE now owns 128,857 shares of the entertainment giant’s stock valued at $11,966,000 after buying an additional 1,765 shares during the period. Stokes & Hubbell Capital Management LLC increased its position in Walt Disney by 154.8% in the third quarter. Stokes & Hubbell Capital Management LLC now owns 12,976 shares of the entertainment giant’s stock valued at $1,205,000 after buying an additional 7,884 shares during the period. Oliver Luxxe Assets LLC increased its position in Walt Disney by 12.9% in the third quarter. Oliver Luxxe Assets LLC now owns 7,249 shares of the entertainment giant’s stock valued at $673,000 after buying an additional 828 shares during the period. Woodstock Corp increased its position in Walt Disney by 1.1% in the third quarter. Woodstock Corp now owns 88,478 shares of the entertainment giant’s stock valued at $8,216,000 after buying an additional 950 shares during the period. Finally, First American Bank increased its position in Walt Disney by 1.3% in the third quarter. First American Bank now owns 101,619 shares of the entertainment giant’s stock valued at $9,436,000 after buying an additional 1,294 shares during the period. 58.65% of the stock is currently owned by institutional investors and hedge funds.
Walt Disney Co (NYSE:DIS) traded down 0.30% during trading on Friday, reaching $114.44. The company’s stock had a trading volume of 7,112,700 shares. The company’s 50-day moving average is $112.40 and its 200-day moving average is $104.65. Walt Disney Co has a 1-year low of $90.32 and a 1-year high of $115.12. The company has a market capitalization of $180.96 billion, a P/E ratio of 20.66 and a beta of 1.25.
Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, February 7th. The entertainment giant reported $1.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.48 by $0.07. The business had revenue of $14.78 billion for the quarter, compared to analysts’ expectations of $15.30 billion. Walt Disney had a return on equity of 19.43% and a net margin of 16.29%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.63 EPS. Equities analysts anticipate that Walt Disney Co will post $5.95 EPS for the current year.
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Several research firms have recently commented on DIS. Morgan Stanley boosted their target price on shares of Walt Disney from $124.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday. Guggenheim reissued a “buy” rating and issued a $128.00 target price on shares of Walt Disney in a report on Tuesday, April 11th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $124.00 price target on shares of Walt Disney in a research report on Tuesday, April 11th. Goldman Sachs Group Inc set a $138.00 price target on shares of Walt Disney and gave the stock a “buy” rating in a research report on Tuesday, April 11th. Finally, Vetr upgraded shares of Walt Disney from a “hold” rating to a “buy” rating and set a $118.01 price target on the stock in a research report on Monday, April 10th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $116.57.
In related news, EVP Brent Woodford sold 2,000 shares of Walt Disney stock in a transaction on Monday, January 30th. The stock was sold at an average price of $110.50, for a total value of $221,000.00. Following the transaction, the executive vice president now directly owns 27,745 shares in the company, valued at approximately $3,065,822.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 13.00% of the company’s stock.
About Walt Disney
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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