Delta Financial Group Inc. lessened its stake in The Walt Disney Company (NYSE:DIS – Free Report) by 1.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,311 shares of the entertainment giant’s stock after selling 216 shares during the period. Walt Disney accounts for approximately 0.6% of Delta Financial Group Inc.’s investment portfolio, making the stock its 24th largest holding. Delta Financial Group Inc.’s holdings in Walt Disney were worth $1,633,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Morgan Stanley boosted its holdings in Walt Disney by 13.5% in the fourth quarter. Morgan Stanley now owns 46,172,567 shares of the entertainment giant’s stock worth $4,011,473,000 after acquiring an additional 5,499,014 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Walt Disney by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 31,823,656 shares of the entertainment giant’s stock worth $2,758,969,000 after purchasing an additional 654,802 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Walt Disney by 12.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,147,543 shares of the entertainment giant’s stock worth $2,358,578,000 after purchasing an additional 3,023,997 shares during the period. Moneta Group Investment Advisors LLC lifted its holdings in Walt Disney by 109,924.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,666,275 shares of the entertainment giant’s stock valued at $2,056,126,000 after acquiring an additional 23,644,765 shares during the period. Finally, Norges Bank acquired a new position in Walt Disney in the fourth quarter valued at approximately $1,433,075,000. Hedge funds and other institutional investors own 63.67% of the company’s stock.
Walt Disney Trading Down 0.1 %
DIS opened at $88.64 on Monday. The Walt Disney Company has a one year low of $84.07 and a one year high of $126.48. The business’s 50-day simple moving average is $92.15 and its 200-day simple moving average is $96.84. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.94 and a current ratio of 1.01. The company has a market cap of $161.97 billion, a P/E ratio of 39.40, a PEG ratio of 1.98 and a beta of 1.28.
Insider Activity at Walt Disney
In related news, EVP Brent Woodford sold 1,145 shares of Walt Disney 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 sale, the executive vice president now directly owns 29,138 shares in the company, valued at $2,889,324.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on DIS shares. Morgan Stanley decreased their price target on Walt Disney from $120.00 to $110.00 in a report on Monday, June 5th. Wells Fargo & Company boosted their price objective on Walt Disney from $141.00 to $147.00 in a research report on Monday, April 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on Walt Disney from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, April 18th. Guggenheim dropped their price target on Walt Disney from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, April 11th. Finally, KeyCorp dropped their price target on Walt Disney from $120.00 to $107.00 and set an “overweight” rating for the company in a research report on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $121.82.
About Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
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