Hartline Investment Corp cut its holdings in shares of Walt Disney Co (NYSE:DIS) by 3.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 67,215 shares of the entertainment giant’s stock after selling 2,390 shares during the quarter. Walt Disney comprises approximately 2.0% of Hartline Investment Corp’s investment portfolio, making the stock its 11th biggest position. Hartline Investment Corp’s holdings in Walt Disney were worth $6,625,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its stake in Walt Disney by 929.6% during the 2nd quarter. Janus Henderson Group PLC now owns 5,410,942 shares of the entertainment giant’s stock worth $574,907,000 after acquiring an additional 4,885,398 shares in the last quarter. AJO LP lifted its stake in Walt Disney by 12,331.6% during the 2nd quarter. AJO LP now owns 3,300,335 shares of the entertainment giant’s stock worth $350,661,000 after acquiring an additional 3,273,787 shares in the last quarter. Vanguard Group Inc. lifted its stake in Walt Disney by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock worth $10,497,824,000 after acquiring an additional 2,131,932 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Walt Disney by 247.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,644,700 shares of the entertainment giant’s stock worth $280,999,000 after acquiring an additional 1,884,600 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in Walt Disney by 48.7% during the 2nd quarter. Nordea Investment Management AB now owns 5,313,513 shares of the entertainment giant’s stock worth $564,561,000 after acquiring an additional 1,740,128 shares in the last quarter. Institutional investors and hedge funds own 61.23% of the company’s stock.
A number of equities research analysts have issued reports on DIS shares. Zacks Investment Research raised Walt Disney from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Barclays set a $105.00 price target on Walt Disney and gave the company a “hold” rating in a research report on Tuesday, January 23rd. Edward Jones lowered Walt Disney from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a research report on Friday, December 15th. Finally, B. Riley reaffirmed a “hold” rating and issued a $101.00 price target (up previously from $97.00) on shares of Walt Disney in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $118.59.
Walt Disney Co (NYSE:DIS) opened at $106.53 on Monday. The stock has a market capitalization of $160,186.61, a P/E ratio of 17.64, a P/E/G ratio of 1.82 and a beta of 1.30. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.87. Walt Disney Co has a 12 month low of $96.20 and a 12 month high of $116.10.
Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.28. The firm had revenue of $15.35 billion for the quarter, compared to the consensus estimate of $15.47 billion. Walt Disney had a return on equity of 20.44% and a net margin of 19.61%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.55 EPS. analysts expect that Walt Disney Co will post 6.95 earnings per share for the current fiscal year.
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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.
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