Walt Disney Co (NYSE:DIS) Stake Trimmed by Blackhill Capital Inc.

Blackhill Capital Inc. lowered its position in Walt Disney Co (NYSE:DIS) by 0.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 224,700 shares of the entertainment giant’s stock after selling 1,200 shares during the period. Walt Disney accounts for approximately 4.5% of Blackhill Capital Inc.’s portfolio, making the stock its 5th biggest holding. Blackhill Capital Inc.’s holdings in Walt Disney were worth $21,706,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. TD Capital Management LLC purchased a new position in Walt Disney in the 1st quarter valued at $29,000. Carolina Wealth Advisors LLC purchased a new position in shares of Walt Disney during the 4th quarter worth $31,000. Sofos Investments Inc. raised its holdings in shares of Walt Disney by 238.5% during the 1st quarter. Sofos Investments Inc. now owns 1,300 shares of the entertainment giant’s stock worth $33,000 after acquiring an additional 916 shares during the period. Cox Capital Mgt LLC purchased a new position in shares of Walt Disney during the 1st quarter worth $34,000. Finally, Marquette Asset Management LLC raised its holdings in shares of Walt Disney by 3,500.0% during the 1st quarter. Marquette Asset Management LLC now owns 360 shares of the entertainment giant’s stock worth $35,000 after acquiring an additional 350 shares during the period. Institutional investors own 62.81% of the company’s stock.

Several research analysts have recently commented on DIS shares. UBS Group set a $114.00 price target on Walt Disney and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Guggenheim downgraded Walt Disney from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research report on Thursday, April 2nd. Atlantic Securities raised Walt Disney from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $153.00 to $119.00 in a research report on Thursday, April 2nd. Cowen raised their price objective on Walt Disney from $154.00 to $159.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Finally, Sanford C. Bernstein cut their price objective on Walt Disney from $100.00 to $96.00 and set a “market perform” rating for the company in a research report on Wednesday, May 6th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $126.50.

NYSE DIS traded up $1.35 during trading hours on Monday, hitting $118.65. 6,359,776 shares of the company’s stock were exchanged, compared to its average volume of 22,120,644. The business’s 50 day moving average is $107.94 and its 200-day moving average is $126.61. Walt Disney Co has a 12-month low of $79.07 and a 12-month high of $153.41. The firm has a market capitalization of $211.88 billion, a P/E ratio of 40.05, a price-to-earnings-growth ratio of 13.88 and a beta of 1.09. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.89 and a current ratio of 0.94.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, May 5th. The entertainment giant reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.23). The firm had revenue of $18.01 billion during the quarter, compared to analysts’ expectations of $17.49 billion. Walt Disney had a return on equity of 9.09% and a net margin of 6.88%. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.61 earnings per share. As a group, equities research analysts anticipate that Walt Disney Co will post 1.66 EPS for the current fiscal year.

Walt Disney Profile

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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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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