The Walt Disney Company (NYSE:DIS) Shares Acquired by Gabelli Funds LLC

Posted by Defense World Staff on Feb 25th, 2023

Gabelli Funds LLC raised its holdings in shares of The Walt Disney Company (NYSE:DIS – Get Rating) by 0.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 475,395 shares of the entertainment giant’s stock after purchasing an additional 3,975 shares during the period. Gabelli Funds LLC’s holdings in Walt Disney were worth $44,844,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its position in shares of Walt Disney by 44.2% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 24,984,524 shares of the entertainment giant’s stock valued at $2,358,539,000 after acquiring an additional 7,654,961 shares during the period. Newport Trust Co acquired a new position in shares of Walt Disney in the 3rd quarter valued at $1,218,240,000. Legal & General Group Plc increased its position in shares of Walt Disney by 1.4% in the 2nd quarter. Legal & General Group Plc now owns 12,365,280 shares of the entertainment giant’s stock valued at $1,167,284,000 after acquiring an additional 165,075 shares during the period. Clearbridge Investments LLC increased its position in shares of Walt Disney by 16.0% in the 2nd quarter. Clearbridge Investments LLC now owns 9,363,589 shares of the entertainment giant’s stock valued at $883,923,000 after acquiring an additional 1,291,934 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Walt Disney by 3.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,739,279 shares of the entertainment giant’s stock valued at $1,198,680,000 after acquiring an additional 306,668 shares during the period. 62.22% of the stock is owned by institutional investors and hedge funds.

Walt Disney Trading Down 1.4 %

Shares of Walt Disney stock opened at $100.30 on Friday. The firm has a market capitalization of $183.23 billion, a PE ratio of 55.11, a P/E/G ratio of 2.52 and a beta of 1.29. The Walt Disney Company has a twelve month low of $84.07 and a twelve month high of $150.28. The firm’s 50-day moving average price is $99.88 and its 200 day moving average price is $101.97. The company has a current ratio of 0.99, a quick ratio of 0.93 and a debt-to-equity ratio of 0.45.

Walt Disney (NYSE:DIS – Get Rating) last issued its quarterly 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 firm had revenue of $23.51 billion for the quarter, compared to analyst estimates of $23.29 billion. Walt Disney had a net margin of 3.93% and a return on equity of 6.72%. Walt Disney’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $1.06 EPS. On average, sell-side analysts predict that The Walt Disney Company will post 3.95 EPS for the current fiscal year.

Analyst Ratings Changes

DIS has been the topic of several research reports. Rosenblatt Securities upped their target price on Walt Disney from $120.00 to $129.00 and gave the company a “buy” rating in a research report on Thursday, February 9th. Cowen lowered their price target on shares of Walt Disney from $124.00 to $94.00 in a report on Wednesday, November 9th. The Goldman Sachs Group upped their price target on shares of Walt Disney from $119.00 to $136.00 and gave the company a “buy” rating in a report on Thursday, February 9th. Macquarie upped their price target on shares of Walt Disney from $110.00 to $122.00 and gave the company an “outperform” rating in a report on Tuesday, January 31st. Finally, Bank of America upped their price target on shares of Walt Disney from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, February 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and an average target price of $128.92.

Insider Activity at Walt Disney

In related news, CFO Christine M. Mccarthy sold 42,533 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $17,902,981.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Brent Woodford sold 1,139 shares of the stock in a transaction that occurred on Tuesday, January 24th. The shares were sold at an average price of $105.71, for a total transaction of $120,403.69. Following the completion of the transaction, the executive vice president now owns 32,047 shares of the company’s stock, valued at approximately $3,387,688.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Christine M. Mccarthy sold 42,533 shares of the stock in a transaction that occurred on Thursday, January 12th. The stock was sold at an average price of $98.46, for a total transaction of $4,187,799.18. Following the transaction, the chief financial officer now directly owns 181,830 shares of the company’s stock, valued at approximately $17,902,981.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,921 shares of company stock valued at $6,209,132. 0.10% of the stock is owned by corporate insiders.

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.