Livingston Group Asset Management CO operating as Southport Capital Management lessened its stake in shares of Walt Disney Co (NYSE:DIS) by 4.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,205 shares of the entertainment giant’s stock after selling 515 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Walt Disney were worth $1,312,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. bought a new position in Walt Disney during the 2nd quarter valued at approximately $925,000. Legacy Advisors LLC bought a new stake in shares of Walt Disney in the 3rd quarter worth $137,000. Malaga Cove Capital LLC bought a new stake in shares of Walt Disney in the 3rd quarter worth $140,000. Krilogy Financial LLC increased its holdings in shares of Walt Disney by 13.2% in the 2nd quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock worth $151,000 after purchasing an additional 166 shares in the last quarter. Finally, BDO Wealth Advisors LLC bought a new stake in shares of Walt Disney in the 2nd quarter worth $153,000. 61.65% of the stock is owned by institutional investors.
DIS has been the subject of a number of research analyst reports. Jefferies Group reissued a “hold” rating and issued a $103.77 target price (up previously from $102.68) on shares of Walt Disney in a report on Friday, November 10th. Goldman Sachs Group lifted their target price on Walt Disney from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Loop Capital reduced their target price on Walt Disney from $104.00 to $103.00 and set a “hold” rating for the company in a report on Friday, November 10th. JPMorgan Chase & Co. set a $125.00 target price on Walt Disney and gave the stock a “buy” rating in a report on Friday, November 10th. Finally, B. Riley reissued a “hold” rating and issued a $101.00 target price (up previously from $97.00) on shares of Walt Disney in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $118.59.
Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.28. The company had revenue of $15.35 billion for the quarter, compared to the consensus estimate of $15.47 billion. Walt Disney had a return on equity of 20.44% and a net margin of 19.61%. Walt Disney’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.55 earnings per share. equities analysts anticipate that Walt Disney Co will post 6.95 EPS for the current fiscal year.
In related news, Director Aylwin B. Lewis sold 1,797 shares of Walt Disney stock in a transaction on Monday, February 26th. The stock was sold at an average price of $108.39, for a total transaction of $194,776.83. Following the transaction, the director now directly owns 85,636 shares in the company, valued at $9,282,086.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is currently owned by insiders.
Walt Disney Profile
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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