Janney Capital Management LLC lessened its stake in The Walt Disney Company (NYSE:DIS) by 37.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,980 shares of the entertainment giant’s stock after selling 32,548 shares during the period. Janney Capital Management LLC’s holdings in The Walt Disney were worth $10,145,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank purchased a new stake in shares of The Walt Disney during the 4th quarter worth approximately $3,003,286,000. Price T Rowe Associates Inc. MD boosted its stake in shares of The Walt Disney by 37.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,494,013 shares of the entertainment giant’s stock worth $3,531,925,000 after acquiring an additional 5,288,711 shares in the last quarter. Viking Global Investors LP purchased a new stake in shares of The Walt Disney during the 4th quarter worth approximately $773,911,000. FMR LLC boosted its stake in shares of The Walt Disney by 16.1% during the 4th quarter. FMR LLC now owns 23,913,777 shares of the entertainment giant’s stock worth $4,332,698,000 after acquiring an additional 3,315,118 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of The Walt Disney by 11.4% during the 4th quarter. Morgan Stanley now owns 32,108,070 shares of the entertainment giant’s stock worth $5,817,340,000 after acquiring an additional 3,291,751 shares in the last quarter. 62.83% of the stock is currently owned by institutional investors.
Shares of NYSE DIS opened at $185.51 on Tuesday. The Walt Disney Company has a 12-month low of $98.86 and a 12-month high of $203.02. The company has a market cap of $336.75 billion, a P/E ratio of -116.67, a P/E/G ratio of 5.07 and a beta of 1.20. The company has a current ratio of 1.32, a quick ratio of 1.26 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average price of $187.51 and a 200 day moving average price of $170.20.
The Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, February 10th. The entertainment giant reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.77. The company had revenue of $16.25 billion during the quarter, compared to analysts’ expectations of $15.84 billion. The Walt Disney had a negative net margin of 4.38% and a positive return on equity of 4.05%. On average, sell-side analysts forecast that The Walt Disney Company will post 1.69 EPS for the current fiscal year.
In other news, EVP Mary Jayne Parker sold 7,436 shares of the stock in a transaction dated Tuesday, February 16th. The shares were sold at an average price of $185.60, for a total transaction of $1,380,121.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Zenia B. Mucha sold 33,969 shares of the stock in a transaction dated Thursday, February 18th. The stock was sold at an average price of $183.12, for a total transaction of $6,220,403.28. Following the transaction, the executive vice president now directly owns 53,589 shares in the company, valued at approximately $9,813,217.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 602,351 shares of company stock valued at $116,701,101. 0.31% of the stock is currently owned by corporate insiders.
DIS has been the topic of a number of recent research reports. Citigroup upped their target price on The Walt Disney from $205.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, March 3rd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their target price on The Walt Disney from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, January 14th. Sanford C. Bernstein reaffirmed a “neutral” rating and issued a $167.00 target price on shares of The Walt Disney in a research note on Monday, April 19th. Truist Securities upped their target price on The Walt Disney from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, April 22nd. Finally, UBS Group upped their target price on The Walt Disney from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, February 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have assigned a buy rating to the company. The Walt Disney presently has an average rating of “Buy” and a consensus target price of $191.69.
About The Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.
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