Factory Mutual Insurance Co. cut its holdings in shares of Walt Disney Co (NYSE:DIS) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,230,300 shares of the entertainment giant’s stock after selling 16,000 shares during the period. Walt Disney comprises approximately 1.4% of Factory Mutual Insurance Co.’s holdings, making the stock its 11th biggest position. Factory Mutual Insurance Co.’s holdings in Walt Disney were worth $132,269,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. purchased a new position in Walt Disney in the 2nd quarter valued at about $925,000. Legacy Advisors LLC purchased a new position in Walt Disney in the 3rd quarter valued at about $137,000. Malaga Cove Capital LLC purchased a new position in Walt Disney in the 3rd quarter valued at about $140,000. Krilogy Financial LLC lifted its stake in Walt Disney by 13.2% in the 2nd quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock valued at $151,000 after buying an additional 166 shares in the last quarter. Finally, BDO Wealth Advisors LLC purchased a new position in Walt Disney in the 2nd quarter valued at about $153,000. Hedge funds and other institutional investors own 61.23% of the company’s stock.
A number of research analysts recently weighed in on the stock. Rosenblatt Securities raised shares of Walt Disney from a “neutral” rating to a “buy” rating and raised their price target for the company from $115.00 to $130.00 in a research note on Wednesday, January 3rd. Vetr lowered shares of Walt Disney from a “buy” rating to a “hold” rating and set a $113.39 price target on the stock. in a research note on Wednesday, January 3rd. Royal Bank of Canada raised their price target on shares of Walt Disney to $135.00 and gave the company a “top pick” rating in a research note on Wednesday, January 3rd. B. Riley reaffirmed a “hold” rating and issued a $122.00 price target on shares of Walt Disney in a research note on Monday, January 29th. Finally, Zacks Investment Research lowered shares of Walt Disney from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Walt Disney presently has an average rating of “Buy” and a consensus target price of $118.59.
Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.28. The business had revenue of $15.35 billion during the quarter, compared to the consensus estimate of $15.47 billion. Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.55 EPS. research analysts forecast 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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