Cypress Capital Management LLC acquired a new position in shares of Walt Disney Co (NYSE:DIS) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 5,179 shares of the entertainment giant’s stock, valued at approximately $540,000.

Several other hedge funds and other institutional investors also recently modified their holdings of DIS. Lombard Odier Transatlantic Limited Partnership increased its position in shares of Walt Disney by 71.4% in the third quarter. Lombard Odier Transatlantic Limited Partnership now owns 1,200 shares of the entertainment giant’s stock valued at $111,000 after buying an additional 500 shares in the last quarter. TLP Group LLC acquired a new position in shares of Walt Disney during the third quarter valued at approximately $129,000. New Capital Management LP acquired a new position in shares of Walt Disney during the fourth quarter valued at approximately $139,000. Massey Quick & Co. LLC acquired a new position in shares of Walt Disney during the fourth quarter valued at approximately $152,000. Finally, Signature Estate & Investment Advisors LLC increased its position in shares of Walt Disney by 2.2% in the third quarter. Signature Estate & Investment Advisors LLC now owns 1,649 shares of the entertainment giant’s stock valued at $153,000 after buying an additional 36 shares in the last quarter. 58.65% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Walt Disney Co (NYSE:DIS) opened at 112.71 on Tuesday. The company has a market cap of $178.22 billion, a P/E ratio of 20.34 and a beta of 1.25. Walt Disney Co has a 52-week low of $90.32 and a 52-week high of $113.16. The stock’s 50 day moving average price is $110.49 and its 200-day moving average price is $101.34.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 7th. The entertainment giant reported $1.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.05. The company had revenue of $14.78 billion for the quarter, compared to analyst estimates of $15.30 billion. Walt Disney had a return on equity of 19.43% and a net margin of 16.29%. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.63 earnings per share. Equities analysts expect that Walt Disney Co will post $5.94 EPS for the current year.

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Several research analysts have commented on DIS shares. Instinet lifted their price target on Walt Disney to $125.00 in a research report on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $100.00 price target on shares of Walt Disney in a research report on Friday, November 25th. Argus reaffirmed a “buy” rating and issued a $129.00 price target on shares of Walt Disney in a research report on Wednesday, November 30th. Deutsche Bank AG raised Walt Disney from a “hold” rating to a “buy” rating and set a $112.00 price target on the stock in a research report on Sunday, December 4th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $113.00 price target on shares of Walt Disney in a research report on Friday, December 16th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nineteen have given a buy rating to the company. Walt Disney currently has an average rating of “Hold” and an average price target of $114.84.

In other news, EVP Brent Woodford sold 925 shares of the stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $104.61, for a total transaction of $96,764.25. Following the transaction, the executive vice president now owns 25,745 shares in the company, valued at $2,693,184.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders have sold 6,925 shares of company stock worth $747,764. 13.00% of the stock is owned by corporate insiders.

About Walt Disney

The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.

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