The Walt Disney Company (NYSE:DIS) Stake Reduced by Westhampton Capital LLC

Posted by Defense World Staff on Jun 26th, 2023

Westhampton Capital LLC lowered its stake in The Walt Disney Company (NYSE:DIS – Get Rating) by 4.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,769 shares of the entertainment giant’s stock after selling 1,180 shares during the period. Walt Disney accounts for 1.8% of Westhampton Capital LLC’s holdings, making the stock its 10th biggest position. Westhampton Capital LLC’s holdings in Walt Disney were worth $2,781,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Markel Corp raised its stake in shares of Walt Disney by 2.3% during the first quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant’s stock valued at $263,713,000 after purchasing an additional 42,500 shares during the period. Fairfield Bush & CO. grew its stake in Walt Disney by 3.4% in the first quarter. Fairfield Bush & CO. now owns 9,624 shares of the entertainment giant’s stock valued at $1,320,000 after purchasing an additional 320 shares in the last quarter. United Bank boosted its stake in shares of Walt Disney by 8.7% during the 1st quarter. United Bank now owns 9,949 shares of the entertainment giant’s stock worth $1,365,000 after acquiring an additional 794 shares in the last quarter. AMI Investment Management Inc. boosted its position in shares of Walt Disney by 4.6% in the first quarter. AMI Investment Management Inc. now owns 24,918 shares of the entertainment giant’s stock valued at $3,418,000 after acquiring an additional 1,094 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in Walt Disney by 0.6% in the 1st quarter. Mackenzie Financial Corp now owns 828,308 shares of the entertainment giant’s stock valued at $113,611,000 after buying an additional 4,722 shares during the period. Hedge funds and other institutional investors own 63.67% of the company’s stock.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 1,145 shares of the company’s stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $99.16, for a total value of $113,538.20. Following the transaction, the executive vice president now directly owns 29,138 shares of the company’s stock, valued at approximately $2,889,324.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DIS shares. Morgan Stanley cut their price target on Walt Disney from $120.00 to $110.00 in a report on Monday, June 5th. KeyCorp dropped their price objective on Walt Disney from $120.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, May 25th. Barclays cut their price target on shares of Walt Disney from $107.00 to $88.00 in a report on Wednesday, June 21st. Citigroup lowered their target price on shares of Walt Disney from $130.00 to $125.00 in a research note on Friday, May 12th. Finally, Truist Financial lowered their price objective on Walt Disney from $121.00 to $105.00 in a research note on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.27.

Walt Disney Price Performance

Shares of NYSE DIS opened at $88.10 on Monday. The business has a 50-day moving average of $94.18 and a 200-day moving average of $96.95. The Walt Disney Company has a fifty-two week low of $84.07 and a fifty-two week high of $126.48. The stock has a market capitalization of $160.99 billion, a price-to-earnings ratio of 39.16, a PEG ratio of 1.95 and a beta of 1.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.01 and a quick ratio of 0.94.

Walt Disney (NYSE:DIS – Get Rating) last released its quarterly earnings results on Wednesday, May 10th. The entertainment giant reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Walt Disney had a return on equity of 6.41% and a net margin of 4.74%. The business had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $21.82 billion. During the same quarter in the previous year, the business earned $1.08 EPS. As a group, sell-side analysts predict that The Walt Disney Company will post 3.83 earnings per share for the current fiscal year.

Walt Disney Profile

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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.