Westside Investment Management Inc. raised its position in shares of The Walt Disney Company (NYSE:DIS – Get Rating ) by 5.9% during the first 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. The holdings of Westside Investment Management Inc. in Walt Disney were worth $563,810,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. 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 valued at $11,328,685,000 after purchasing an additional 1,200,863 shares in the last quarter. Geode Capital Management LLC boosted 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 valued at $4,448,175,000 after buying an additional 518,125 shares in the last quarter. Norges Bank bought a new position in Walt Disney during the 4th quarter valued at approximately $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 buying an additional 2,707,126 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Walt Disney by 4.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,709,126 shares of the entertainment giant’s stock valued at $1,503,846,000 after purchasing an additional 385,342 shares in the last quarter. 64.17% of the shares are 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 cap 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 posted 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%. In the same quarter last year, the business earned $0.79 earnings per share. On average, sell-side analysts forecast that The Walt Disney Company will post 3.96 earnings per share for the current year.
DIS is the subject of a number of research reports. Tigress Financial reaffirmed a “buy” rating and issued a $229.00 target price on shares of Walt Disney in a research note on Friday, April 1st. Truist Financial decreased 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 decreased 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 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 note on Thursday, June 2nd. Finally, BMO Capital Markets cut their target price 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. The stock currently has an average rating of “Moderate Buy” and a consensus target price of $163.56, based on data from MarketBeat.
Walt Disney Profile (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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