Aspiriant LLC decreased its holdings in Walt Disney Co (NYSE:DIS) by 0.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,185 shares of the entertainment giant’s stock after selling 146 shares during the quarter. Aspiriant LLC’s holdings in Walt Disney were worth $2,652,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DIS. Litman Gregory Asset Management LLC acquired a new position in shares of Walt Disney during the fourth quarter valued at approximately $25,000. Contravisory Investment Management Inc. raised its holdings in shares of Walt Disney by 176.4% during the fourth quarter. Contravisory Investment Management Inc. now owns 409 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 261 shares during the last quarter. Watermark Asset Management Inc. raised its holdings in shares of Walt Disney by 52.2% during the fourth quarter. Watermark Asset Management Inc. now owns 446 shares of the entertainment giant’s stock valued at $49,000 after acquiring an additional 153 shares during the last quarter. Intercontinental Wealth Advisors LLC acquired a new position in shares of Walt Disney during the fourth quarter valued at approximately $52,000. Finally, Highwater Wealth Management LLC acquired a new position in shares of Walt Disney during the fourth quarter valued at approximately $56,000. 64.61% of the stock is owned by institutional investors.
A number of equities research analysts have recently issued reports on DIS shares. Citigroup upped their price target on Walt Disney from $126.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Loop Capital upped their price target on Walt Disney to $140.00 and gave the company a “buy” rating in a research report on Monday. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a research report on Monday. BTIG Research upgraded Walt Disney from a “sell” rating to a “neutral” rating in a research report on Monday. Finally, Imperial Capital upped their price target on Walt Disney from $129.00 to $139.00 and gave the company an “outperform” rating in a research report on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the company. Walt Disney presently has an average rating of “Buy” and a consensus price target of $130.20.
In related news, EVP Brent Woodford sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $114.35, for a total value of $228,700.00. Following the completion of the transaction, the executive vice president now directly owns 26,517 shares in the company, valued at $3,032,218.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Zenia B. Mucha sold 33,000 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $128.88, for a total value of $4,253,040.00. The disclosure for this sale can be found here. Insiders sold 37,000 shares of company stock valued at $4,708,940 over the last quarter. 0.36% of the stock is currently owned by company insiders.
Shares of Walt Disney stock opened at $132.04 on Tuesday. The company has a market capitalization of $193.89 billion, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 3.22 and a beta of 0.91. Walt Disney Co has a fifty-two week low of $97.68 and a fifty-two week high of $132.70. The company has a quick ratio of 0.92, a current ratio of 1.00 and a debt-to-equity ratio of 0.32.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.27. The company had revenue of $15.30 billion during the quarter, compared to analyst estimates of $15.20 billion. Walt Disney had a return on equity of 20.50% and a net margin of 18.46%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.89 earnings per share. Equities research analysts predict that Walt Disney Co will post 6.88 EPS for the current year.
About Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
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