Hartford Investment Management Co. reduced its stake in The Walt Disney Company (NYSE:DIS – received rating) up 6.5% in the first quarter, according to its recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 179,193 shares of the entertainment giant after selling 12,440 shares during the period. Walt Disney accounts for 0.6% of Hartford Investment Management Co.’s portfolio, making the stock its 24th-largest position. Hartford Investment Management Co.’s holdings in Walt Disney were worth $24,578,000 at the end of the most recent quarter.
Several other institutional investors have also changed their holdings of DIS. Norges Bank acquired a new stake in Walt Disney valued at approximately $2,290,736,000 during the fourth quarter. Loomis Sayles & Co. LP increased its stake in Walt Disney by 25.1% in the fourth quarter. Loomis Sayles & Co. LP now owns 13,510,534 shares of the entertainment giant worth $2,092,646,000 after acquiring an additional 2,707,126 shares last quarter. D1 Capital Partners LP increased its stake in Walt Disney by 75.7% in the fourth quarter. D1 Capital Partners LP now owns 5,430,761 shares of the entertainment giant worth $841,171,000 after purchasing an additional 2,340,000 shares last quarter. State Street Corp increased its stake in Walt Disney by 1.7% in the fourth quarter. State Street Corp now owns 73,140,194 shares of the entertainment giant worth $11,328,685,000 after purchasing an additional 1,200,863 shares last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in Walt Disney by 82.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,400,299 shares of the entertainment giant worth $371,782,000 after acquiring an additional 1,082,556 shares last quarter. 64.17% of the shares are owned by institutional investors and hedge funds.
A number of equity analysts recently rated the company. Tigress Financial confirmed on Friday, March 1st that Moffett Nathanson lowered its price target on Walt Disney to $150.00 from $165.00 and gave the company a neutral rating in a research note on Monday, March 7th. Barclays lowered its price target on Walt Disney from $168.00 to $130.00 in a research note on Friday, May 13. Rosenblatt Securities assumed coverage of Walt Disney in a research note on Tuesday, April 19. They set a buy rating and a price target of $177.00 for the company. Finally, in a research note on Thursday, May 12, KeyCorp lowered its price target on Walt Disney to $151.00 from $216.00. One research analyst has rated the stock with a sell rating, five with a hold rating and eighteen with a buy rating. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $165.76.
shares of NYSE:DIS opened at $96.14 on Monday. The Walt Disney Company has a 1-year low of $92.01 and a 1-year high of $187.58. The company has a market cap of $175.04 billion, a PE ratio of 66.30, a PEG ratio of 1.14 and a beta of 1.23. The company’s 50-day moving average is $104.51 and its 200-day moving average is $129.69. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 0.49.
Walt Disney (NYSE:DIS – received rating) last announced its quarterly earnings data on Wednesday, May 11th. The entertainment giant reported earnings per share of $1.08 for the quarter, missing the consensus estimate of $1.19 ($0.11). Walt Disney had a return on equity of 6.87% and a net margin of 3.46%. In the same period last year, the company posted $0.79 per share. On average, sell-side analysts are forecasting The Walt Disney Company to post 3.99 year-to-date EPS.
About Walt Disney (received rating)
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 is engaged in the production and distribution of motion picture and episodic television content and operates television station networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic and Star brands; and studios that produce films under the banners of Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar and Searchlight Pictures.
Get news and reviews for Walt Disney Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Walt Disney and related companies with MarketBeat.com’s FREE daily email newsletter.