Hartford Investment Management Co. reduced its holdings in The Walt Disney Company (NYSE:DIS – Get Rating ) by 6.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 179,193 shares of the entertainment giant’s stock after selling 12,440 shares during the period. Walt Disney makes up 0.6% of Hartford Investment Management Co.’s portfolio, making the stock its 24th biggest position. Hartford Investment Management Co.’s holdings. in Walt Disney were worth $24,578,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of DIS. Norges Bank purchased a new stake in Walt Disney in the 4th quarter worth about $2,290,736,000. Loomis Sayles & Co. LP boosted its stake in Walt Disney by 25.1% in the 4th 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 Walt Disney by 75.7% in the 4th 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 during the last quarter. State Street Corp boosted its stake in 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 during the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in Walt Disney by 82.2% during the 4th 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 during the last quarter. 64.17% of the shares are owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on the company. Tigress Financial reaffirmed a “buy” rating and set a $229.00 target price on shares of Walt Disney in a research note on Friday, April 1st. Moffett Nathanson cut their target price on Walt Disney from $165.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, March 7th. Barclays cut their target price on Walt Disney from $168.00 to $130.00 in a research note on Friday, May 13th. Rosenblatt Securities assumed coverage on Walt Disney in a research note on Tuesday, April 19th. They set a “buy” rating and a $177.00 target price for the company. Finally, KeyCorp cut their target price on Walt Disney from $216.00 to $151.00 in a research note on Thursday, May 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $165.76.
Shares of NYSE:DIS opened at $96.14 on Monday. The Walt Disney Company has a 1 year low of $92.01 and a 1 year high of $187.58. The firm has a market cap of $175.04 billion, a PE ratio of 66.30, a PEG ratio of 1.14 and a beta of 1.23. The business’s 50-day moving average is $104.51 and its 200-day moving average is $129.69. The company has a current ratio of 1.06, a quick ratio of 1.01, and a debt-to-equity ratio of 0.49.
Walt Disney (NYSE:DIS – Get Rating ) last announced its quarterly earnings data 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 period last year, the business posted $0.79 EPS. On average, sell-side analysts predict that The Walt Disney Company will post 3.99 EPS for the current year.
For 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.
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