The Walt Disney Company (NYSE:DIS) Shares Sold by CWA Asset Management Group LLC

CWA Asset Management Group LLC decreased its holdings in The Walt Disney Company (NYSE:DIS – Get Rating) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,280 shares of the entertainment giant’s stock after selling 1,297 shares during the quarter. CWA Asset Management Group LLC’s holdings in Walt Disney were worth $1,936,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Walt Disney by 1.5% in the third quarter. Vanguard Group Inc. now owns 143,962,415 shares of the entertainment giant’s stock worth $13,579,975,000 after buying an additional 2,144,485 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position 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 worth $2,358,539,000 after purchasing an additional 7,654,961 shares in the last quarter. Legal & General Group Plc grew its position 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 worth $1,167,284,000 after purchasing an additional 165,075 shares in the last quarter. Clearbridge Investments LLC grew its position 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 worth $883,923,000 after purchasing an additional 1,291,934 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position 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 worth $853,322,000 after purchasing an additional 2,775,303 shares in the last quarter. Institutional investors and hedge funds own 62.22% of the company’s stock.

Insider Activity at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 1,139 shares of the company’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $103.44, for a total transaction of $117,818.16. Following the sale, the executive vice president now directly owns 30,908 shares of the company’s stock, valued at $3,197,123.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Christine M. Mccarthy sold 42,533 shares of the 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 transaction, the chief financial officer now directly owns 181,830 shares in the company, valued at $17,902,981.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brent Woodford sold 1,139 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $103.44, for a total transaction of $117,818.16. Following the completion of the transaction, the executive vice president now owns 30,908 shares in the company, valued at $3,197,123.52. The disclosure for this sale can be found here. Insiders have sold a total of 62,921 shares of company stock valued at $6,209,132 over the last quarter. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DIS has been the topic of several research analyst reports. Credit Suisse Group lifted their price objective on shares of Walt Disney from $126.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, February 9th. Truist Financial lowered their price target on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Tuesday, January 17th. Tigress Financial lowered their price target on shares of Walt Disney from $229.00 to $177.00 in a report on Tuesday, November 22nd. Citigroup lowered their price target on shares of Walt Disney from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, February 13th. Finally, Barclays lifted their price objective on shares of Walt Disney from $98.00 to $110.00 in a research note on Thursday, February 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.92.

Walt Disney Stock Performance

NYSE:DIS opened at $93.20 on Friday. The company has a market cap of $170.26 billion, a price-to-earnings ratio of 51.21, a PEG ratio of 2.29 and a beta of 1.30. The firm’s 50-day moving average is $102.55 and its 200-day moving average is $99.80. The Walt Disney Company has a 52-week low of $84.07 and a 52-week high of $144.46. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.93 and a current ratio of 0.99.

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