Russell Investments Group Ltd. lessened its stake in shares of Walt Disney Co (NYSE:DIS) by 31.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,303,460 shares of the entertainment giant’s stock after selling 1,078,255 shares during the quarter. Walt Disney makes up approximately 0.4% of Russell Investments Group Ltd.’s holdings, making the stock its 27th largest holding. Russell Investments Group Ltd.’s holdings in Walt Disney were worth $248,225,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position 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 purchasing an additional 2,131,932 shares in the last quarter. Northern Trust Corp increased its position in Walt Disney by 2.5% during the 2nd quarter. Northern Trust Corp now owns 20,462,287 shares of the entertainment giant’s stock worth $2,174,118,000 after purchasing an additional 500,349 shares in the last quarter. Legal & General Group Plc increased its position in Walt Disney by 3.8% during the 3rd quarter. Legal & General Group Plc now owns 8,186,026 shares of the entertainment giant’s stock worth $806,872,000 after purchasing an additional 300,973 shares in the last quarter. Parnassus Investments CA grew its holdings in Walt Disney by 19.3% in the 3rd quarter. Parnassus Investments CA now owns 6,941,130 shares of the entertainment giant’s stock valued at $684,187,000 after buying an additional 1,123,949 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Walt Disney by 7.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,672,744 shares of the entertainment giant’s stock valued at $602,413,000 after buying an additional 371,811 shares during the period. Hedge funds and other institutional investors own 62.63% of the company’s stock.
Several analysts have commented on the company. Vetr cut Walt Disney from a “buy” rating to a “hold” rating and set a $113.39 price target for the company. in a report on Wednesday, January 3rd. Rosenblatt Securities upgraded Walt Disney from a “neutral” rating to a “buy” rating and lifted their price target for the company from $115.00 to $130.00 in a report on Wednesday, January 3rd. Royal Bank of Canada lifted their price target on Walt Disney to $135.00 and gave the company a “top pick” rating in a report on Wednesday, January 3rd. B. Riley restated a “hold” rating and issued a $122.00 price target on shares of Walt Disney in a report on Monday, January 29th. Finally, Zacks Investment Research cut Walt Disney from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $118.82.
Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 EPS for the quarter, topping the consensus estimate of $1.61 by $0.28. The firm had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.47 billion. Walt Disney had a return on equity of 20.44% and a net margin of 19.61%. Walt Disney’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.55 EPS. sell-side analysts expect that Walt Disney Co will post 6.95 EPS for the current year.
In related news, Director Aylwin B. Lewis sold 1,797 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $108.39, for a total transaction of $194,776.83. Following the transaction, the director now directly owns 85,636 shares of the company’s stock, valued at approximately $9,282,086.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.38% of the company’s stock.
Walt Disney Profile
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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