Blossom Wealth Management increased its holdings in The Walt Disney Company (NYSE:DIS – Get Rating) by 5.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,836 shares of the entertainment giant’s stock after purchasing an additional 155 shares during the period. Walt Disney accounts for 1.8% of Blossom Wealth Management’s holdings, making the stock its 24th biggest holding. Blossom Wealth Management’s holdings in Walt Disney were worth $389,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. State Street Corp increased its stake in Walt Disney by 1.7% in the 4th quarter. State Street Corp now owns 73,140,194 shares of the entertainment giant’s stock worth $11,328,685,000 after acquiring an additional 1,200,863 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Walt Disney by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 28,802,702 shares of the entertainment giant’s stock valued at $4,448,175,000 after purchasing an additional 518,125 shares during the last quarter. Norges Bank bought a new position in shares of Walt Disney during the 4th quarter valued at approximately $2,290,736,000. Loomis Sayles & Co. L P increased its position in shares of Walt Disney by 25.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 13,510,534 shares of the entertainment giant’s stock valued at $2,092,646,000 after purchasing an additional 2,707,126 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Walt Disney by 4.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,709,126 shares of the entertainment giant’s stock valued at $1,503,846,000 after purchasing an additional 385,342 shares during the last quarter. Institutional investors own 64.17% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on DIS shares. JPMorgan Chase & Co. cut their target price on Walt Disney from $200.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 19th. KeyCorp dropped their price objective on Walt Disney from $151.00 to $131.00 and set an “overweight” rating for the company in a report on Wednesday. KGI Securities assumed coverage on Walt Disney in a report on Monday, May 23rd. They set an “outperform” rating and a $145.00 price objective for the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Walt Disney from $191.00 to $130.00 in a report on Monday, June 6th. Finally, Royal Bank of Canada dropped their price objective on Walt Disney from $210.00 to $176.00 in a report on Thursday, May 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.36.
Walt Disney Trading Up 0.8 %
Shares of NYSE:DIS opened at $104.18 on Friday. The business’s 50-day moving average is $100.20 and its 200 day moving average is $124.63. The Walt Disney Company has a 1 year low of $90.23 and a 1 year high of $187.58. The firm has a market capitalization of $189.67 billion, a P/E ratio of 71.85, a P/E/G ratio of 1.19 and a beta of 1.24. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 1.01.
Walt Disney (NYSE:DIS – Get Rating) last announced its earnings results on Wednesday, May 11th. The entertainment giant reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.12). Walt Disney had a net margin of 3.46% and a return on equity of 6.87%. The business had revenue of $19.25 billion for the quarter, compared to analyst estimates of $20.25 billion. During the same period in the prior year, the company earned $0.79 earnings per share. On average, research analysts predict that The Walt Disney Company will post 3.96 earnings per share for the current fiscal year.
Walt Disney Profile
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 broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
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