Lathrop Investment Management Corp raised its stake in The Walt Disney Company (NYSE:DIS – Get Rating ) by 1.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 96,510 shares of the entertainment giant’s stock after buying an additional 1,599 shares during the period. Walt Disney makes up approximately 2.8% of Lathrop Investment Management Corp’s portfolio, making the stock its 22nd largest position. Lathrop Investment Management Corp’s holdings in Walt Disney were worth $13,237,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Walt Disney during the fourth quarter valued at $2,290,736,000. Loomis Sayles & Co. LP boosted its stake in shares of Walt Disney by 25.1% in the fourth quarter. Loomis Sayles & Co. LP now owns 13,510,534 shares of the entertainment giant’s stock valued at $2,092,646,000 after acquiring an additional 2,707,126 shares in the last quarter. D1 Capital Partners LP boosted its stake in shares of Walt Disney by 75.7% in the fourth quarter. D1 Capital Partners LP now owns 5,430,761 shares of the entertainment giant’s stock valued at $841,171,000 after acquiring an additional 2,340,000 shares in the last quarter. State Street Corp boosted its stake in shares of Walt Disney by 1.7% in the fourth quarter. State Street Corp now owns 73,140,194 shares of the entertainment giant’s stock worth $11,328,685,000 after acquiring an additional 1,200,863 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Walt Disney by 82.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,400,299 shares of the entertainment giant’s stock valued at $371,782,000 after acquiring an additional 1,082,556 shares in the last quarter. Hedge funds and other institutional investors own 64.17% of the company’s shares.
Shares of Walt Disney stock opened at $96.14 on Friday. The Walt Disney Company has a 52-week low of $92.01 and a 52-week high of $187.58. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 0.49. The company’s 50-day simple moving average is $104.51, and its 200-day simple moving average is $129.97. The firm has a market cap of $175.04 billion, a price-to-earnings ratio of 66.30, a price-to-earnings-growth ratio of 1.14 and a beta of 1.21.
Walt Disney (NYSE:DIS – Get Rating ) last posted its earnings results on Wednesday, May 11th. The entertainment giant reported $1.08 earnings per share 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 last year, the business earned $0.79 EPS. equities research analysts anticipate that The Walt Disney Company will post 4.03 EPS for the current year.
A number of equities analysts recently commented on DIS shares. StockNews.com downgraded shares of Walt Disney from a “hold” rating to a “sell” rating in a research note on Thursday, June 2nd. Loop Capital reduced their target price on shares of Walt Disney from $190.00 to $165.00 in a research note on Monday, April 4th. KGI Securities started coverage on shares of Walt Disney in a research report on Monday, May 23rd. They issued an “outperform” rating and a $145.00 target price for the company. Moffett Nathanson cut their target price on shares of Walt Disney from $165.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, March 7th. Finally, Wolfe Research decreased 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 report on Thursday, June 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the company. The company currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.76, according to MarketBeat.com.
Profile of Walt Disney (Get Rating)
The Walt Disney Company, together with its subsidiaries, operates as a worldwide entertainment company. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, experiences and products. The company produces and distributes film and episodic television content, and operates broadcast television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic and Star brands; and studios that produce films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar and Searchlight Pictures banners.
Get Walt Disney Daily news and reviews – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Walt Disney and related companies with MarketBeat.com ‘s FREE daily email newsletter.