Gries Financial LLC Trims Holdings in The Walt Disney Company (NYSE:DIS)

Gries Financial LLC cut its holdings in The Walt Disney Company (NYSE:DIS – Get Rating) by 6.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,647 shares of the entertainment giant’s stock after selling 179 shares during the quarter. Gries Financial LLC’s holdings in Walt Disney were worth $230,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DIS. Vanguard Group Inc. grew its position in Walt Disney by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 143,962,415 shares of the entertainment giant’s stock valued at $13,579,975,000 after purchasing an additional 2,144,485 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Walt Disney by 44.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 24,984,524 shares of the entertainment giant’s stock valued at $2,358,539,000 after acquiring an additional 7,654,961 shares during the period. Legal & General Group Plc lifted its stake in Walt Disney by 1.4% during the 2nd quarter. Legal & General Group Plc now owns 12,365,280 shares of the entertainment giant’s stock valued at $1,167,284,000 after acquiring an additional 165,075 shares during the period. Clearbridge Investments LLC lifted its stake in Walt Disney by 16.0% during the 2nd quarter. Clearbridge Investments LLC now owns 9,363,589 shares of the entertainment giant’s stock valued at $883,923,000 after acquiring an additional 1,291,934 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in Walt Disney by 44.3% during the 3rd quarter. Alliancebernstein L.P. now owns 9,046,135 shares of the entertainment giant’s stock valued at $853,322,000 after acquiring an additional 2,775,303 shares during the period. 62.22% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 18,110 shares of the company’s stock in a transaction that occurred on Thursday, January 12th. The stock was sold at an average price of $98.46, for a total value of $1,783,110.60. Following the sale, the executive vice president now owns 33,186 shares in the company, valued at $3,267,493.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Brent Woodford sold 18,110 shares of the company’s stock in a transaction that occurred on Thursday, January 12th. The stock was sold at an average price of $98.46, for a total value of $1,783,110.60. Following the sale, the executive vice president now owns 33,186 shares in the company, valued at $3,267,493.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Christine M. Mccarthy sold 42,533 shares of the company’s stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of $98.46, for a total value of $4,187,799.18. Following the completion of the sale, the chief financial officer now owns 181,830 shares in the company, valued at approximately $17,902,981.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,921 shares of company stock worth $6,209,132. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

DIS has been the topic of several recent research reports. KeyCorp increased their price objective on shares of Walt Disney from $119.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 9th. Tigress Financial decreased their target price on shares of Walt Disney from $229.00 to $177.00 in a research note on Tuesday, November 22nd. Citigroup decreased their target price on shares of Walt Disney from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, February 13th. Macquarie raised their target price on shares of Walt Disney from $110.00 to $122.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 31st. Finally, JPMorgan Chase & Co. started coverage on shares of Walt Disney in a research note on Monday, February 13th. They set an “overweight” rating and a $135.00 target price on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, Walt Disney currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.92.

Walt Disney Price Performance

DIS opened at $93.20 on Friday. The business’s 50-day moving average is $102.55 and its two-hundred day moving average is $99.80. The Walt Disney Company has a 1 year low of $84.07 and a 1 year high of $144.46. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.99 and a quick ratio of 0.93. The firm has a market capitalization of $170.26 billion, a PE ratio of 51.21, a price-to-earnings-growth ratio of 2.29 and a beta of 1.30.

Walt Disney (NYSE:DIS – Get Rating) last issued its quarterly earnings results on Wednesday, February 8th. The entertainment giant reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.30. Walt Disney had a return on equity of 6.72% and a net margin of 3.93%. The business had revenue of $23.51 billion for the quarter, compared to analyst estimates of $23.29 billion. During the same quarter in the previous year, the firm earned $1.06 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. Research analysts anticipate that The Walt Disney Company will post 3.98 earnings per share for the current fiscal year.

About Walt Disney

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The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.