Northwest Quadrant Wealth Management LLC bought a new stake in Walt Disney Co (NYSE:DIS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,540 shares of the entertainment giant’s stock, valued at approximately $278,000.
Other hedge funds have also recently bought and sold shares of the company. Edge Asset Management Inc. boosted its stake in Walt Disney by 4.4% in the fourth quarter. Edge Asset Management Inc. now owns 606,886 shares of the entertainment giant’s stock valued at $63,250,000 after buying an additional 25,583 shares in the last quarter. Meru Capital Group LP bought a new position in shares of Walt Disney during the fourth quarter worth approximately $2,084,000. Credit Agricole S A raised its position in shares of Walt Disney by 12.8% in the fourth quarter. Credit Agricole S A now owns 1,658,460 shares of the entertainment giant’s stock worth $172,846,000 after buying an additional 188,354 shares during the last quarter. Citizens & Northern Corp raised its position in shares of Walt Disney by 4.7% in the fourth quarter. Citizens & Northern Corp now owns 20,814 shares of the entertainment giant’s stock worth $2,169,000 after buying an additional 925 shares during the last quarter. Finally, Bayesian Capital Management LP bought a new position in shares of Walt Disney during the fourth quarter worth approximately $1,980,000. Institutional investors and hedge funds own 58.65% of the company’s stock.
Walt Disney Co (NYSE:DIS) traded down 0.30% during mid-day trading on Friday, reaching $114.44. 6,654,516 shares of the company were exchanged. The stock’s 50-day moving average price is $112.51 and its 200-day moving average price is $104.81. The stock has a market capitalization of $180.96 billion, a price-to-earnings ratio of 20.66 and a beta of 1.25. Walt Disney Co has a 1-year low of $90.32 and a 1-year high of $115.12.
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Several equities analysts recently commented on DIS shares. Morgan Stanley increased their target price on shares of Walt Disney from $124.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday. Guggenheim reaffirmed a “buy” rating and set a $128.00 target price on shares of Walt Disney in a report on Tuesday, April 11th. JPMorgan Chase & Co. reissued an “overweight” rating and set 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 company a “buy” rating in a research report on Tuesday, April 11th. Finally, Vetr raised shares of Walt Disney from a “hold” rating to a “buy” rating and set a $118.01 price target for the company in a research report on Monday, April 10th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $116.57.
In other news, EVP Brent Woodford sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $114.50, for a total value of $229,000.00. Following the transaction, the executive vice president now directly owns 27,745 shares in the company, valued at approximately $3,176,802.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company 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.
