Edge Asset Management Inc. boosted its position in Walt Disney Co (NYSE:DIS) by 4.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 606,886 shares of the entertainment giant’s stock after buying an additional 25,583 shares during the period. Edge Asset Management Inc.’s holdings in Walt Disney were worth $63,250,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its position in shares of Walt Disney by 3.3% in the fourth quarter. State Street Corp now owns 67,283,818 shares of the entertainment giant’s stock worth $7,013,903,000 after buying an additional 2,122,112 shares in the last quarter. FMR LLC boosted its stake in Walt Disney by 11.7% in the fourth quarter. FMR LLC now owns 34,148,450 shares of the entertainment giant’s stock valued at $3,558,951,000 after buying an additional 3,579,822 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Walt Disney by 2.3% in the third quarter. BlackRock Fund Advisors now owns 18,485,186 shares of the entertainment giant’s stock valued at $1,716,534,000 after buying an additional 422,011 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Walt Disney by 0.6% in the third quarter. Fisher Asset Management LLC now owns 8,722,317 shares of the entertainment giant’s stock valued at $809,954,000 after buying an additional 48,266 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in Walt Disney by 149.1% in the third quarter. Nordea Investment Management AB now owns 5,372,709 shares of the entertainment giant’s stock valued at $498,910,000 after buying an additional 3,216,153 shares in the last quarter. 58.65% of the stock is currently owned by institutional investors.
Shares of Walt Disney Co (NYSE:DIS) traded down 0.30% during midday trading on Friday, reaching $114.44. 6,654,516 shares of the company’s stock traded hands. The firm has a market capitalization of $180.96 billion, a PE ratio of 20.66 and a beta of 1.25. Walt Disney Co has a one year low of $90.32 and a one year high of $115.12. The stock’s 50-day moving average price is $112.51 and its 200 day moving average price is $104.81.
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Several brokerages have issued reports on DIS. Royal Bank of Canada upgraded shares of Walt Disney from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $101.00 to $130.00 in a research note on Thursday, January 5th. Jefferies Group LLC lifted their price target on shares of Walt Disney from $100.00 to $110.00 and gave the company a “hold” rating in a research note on Monday, March 27th. Instinet restated a “buy” rating and set a $120.00 price objective on shares of Walt Disney in a research note on Wednesday, March 8th. Goldman Sachs Group Inc upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $109.00 to $134.00 in a research note on Tuesday, February 7th. Finally, Evercore ISI upgraded shares of Walt Disney from a “buy” rating to a “top pick” rating and boosted their price objective for the stock from $103.00 to $120.00 in a research note on Tuesday, January 3rd. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have assigned a buy rating to the company. Walt Disney presently has a consensus rating of “Hold” and a consensus target price of $116.57.
In other news, EVP Brent Woodford sold 2,000 shares of Walt Disney stock in a transaction on Tuesday, April 18th. The stock was sold at an average price of $114.50, for a total transaction of $229,000.00. Following the completion of the sale, the executive vice president now directly owns 27,745 shares in the company, valued at $3,176,802.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 13.00% of the stock is currently owned by company insiders.
Walt Disney Company 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.
