Westside Investment Management Inc. boosted its position in shares of The Walt Disney Company (NYSE:DIS – Get Rating ) by 5.9% in the first quarter, Holdings Channel.com reports. The fund owned 18,667 shares of the entertainment giant’s stock after purchasing an additional 1,043 shares during the period. Walt Disney accounts for 1.2% of Westside Investment Management Inc.’s holdings, making the stock its 18th largest holding. Properties of Westside Investment Management Inc. in Walt Disney were worth $563,810,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the business. State Street Corp raised its stake in Walt Disney by 1.7% in the 4th quarter. State Street Corp now owns 73,140,194 shares of the entertainment giant’s stock worth $11,328,685,000 after buying an additional 1,200,863 shares in the last quarter. Geode Capital Management LLC raised its stake in Walt Disney by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 28,802,702 shares of the entertainment giant’s stock worth $4,448,175,000 after purchasing an additional 518,125 shares in the last quarter. Norges Bank bought a new position in Walt Disney in the 4th quarter worth about $2,290,736,000. Loomis Sayles & Co. LP raised its stake in Walt Disney by 25.1% in the fourth quarter. Loomis Sayles & Co. LP now owns 13,510,534 shares of the entertainment giant’s stock valued at $2,092,646,000 after purchasing an additional 2,707,126 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Walt Disney by 4.1% in the 4th quarter. Massachusetts Financial Services Co . MA now owns 9,709,126 shares of the entertainment giant’s stock valued at $1,503,846,000 after buying an additional 385,342 shares in the last quarter. 64.17% of the shares are owned by institutional investors and hedge funds.
Shares of NYSE DIS opened at $95.86 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.01, and a debt-to-equity ratio of 0.49. The Walt Disney Company has a 12-month low of $92.01 and a 12-month high of $187.58. The firm has a market capitalization of $174.53 billion, a PE ratio of 66.11, a price-to-earnings-growth ratio of 1.17 and a beta of 1.24. The firm has a fifty day simple moving average of $102.60 and a two hundred day simple moving average of $128.01.
Walt Disney (NYSE:DIS – Get Rating ) last issued its quarterly earnings data on Wednesday, May 11th. The entertainment giant reported $1.08 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.11). Walt Disney had a return on equity of 6.87% and a net margin of 3.46%. During the same quarter last year, the business earned $0.79 per share. On average, sell-side analysts anticipate that The Walt Disney Company will post 3.96 earnings per share for the current year.
DIS has been the subject of a number of research reports. Tigress Financial reaffirmed a “buy” rating and issued a $229.00 price objective on shares of Walt Disney in a research note on Friday, April 1st. Truist Financial decreased their price objective on shares of Walt Disney from $160.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, June 2nd. Morgan Stanley reduced their price objective on shares of Walt Disney from $170.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, June 30th. Wolfe Research reduced their price objective on shares of Walt Disney from $211.00 to $128.00 and set an “outperform” rating for the company in a research note on Thursday, June 2nd. Finally, BMO Capital Markets decreased their price objective on shares of Walt Disney from $140.00 to $135.00 in a research note on Thursday, May 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $163.56.
Walt Disney Profile (Get rating)
The Walt Disney Company, together with its subsidiaries, operates as a worldwide entertainment company. It operates in two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The Company engages in the production and distribution of episodic and film television content, and operates broadcast television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic and Star brands; and the studios that produce films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar and Searchlight Pictures banners.
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