Elkfork Partners LLC Invests $45,859,000 in Walt Disney Co (DIS)
Elkfork Partners LLC bought a new position in Walt Disney Co (NYSE:DIS) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor bought 440,022 shares of the entertainment giant’s stock, valued at approximately $45,859,000. Walt Disney comprises approximately 1.5% of Elkfork Partners LLC’s investment portfolio, making the stock its 13th largest position.
Several other hedge funds have also bought and sold shares of the company. Lombard Odier Transatlantic Limited Partnership increased its stake in 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 worth $111,000 after buying an additional 500 shares during the period. New Capital Management LP acquired a new stake in Walt Disney during the fourth quarter worth $139,000. TLP Group LLC acquired a new stake in Walt Disney during the third quarter worth $129,000. Massey Quick & Co. LLC acquired a new stake in Walt Disney during the fourth quarter worth $152,000. Finally, Signature Estate & Investment Advisors LLC increased its stake in 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 worth $153,000 after buying an additional 36 shares during the period. Hedge funds and other institutional investors own 58.65% of the company’s stock.
Walt Disney Co (NYSE:DIS) opened at 112.71 on Tuesday. The firm’s 50-day moving average is $110.49 and its 200-day moving average is $101.34. The firm has a market cap of $178.22 billion, a price-to-earnings 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.
Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, February 7th. The entertainment giant reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. Walt Disney had a net margin of 16.29% and a return on equity of 19.43%. The business earned $14.78 billion during the quarter, compared to analysts’ expectations of $15.30 billion. During the same period last year, the business earned $1.63 earnings per share. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, equities analysts anticipate that Walt Disney Co will post $5.94 earnings per share for the current year.
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Several brokerages recently commented on DIS. Instinet upped their price target on shares of Walt Disney to $125.00 in a report on Tuesday. Drexel Hamilton reiterated a “hold” rating on shares of Walt Disney in a report on Tuesday. Sanford C. Bernstein reiterated a “hold” rating and set a $102.00 price target on shares of Walt Disney in a report on Thursday, December 1st. Vetr downgraded shares of Walt Disney from a “buy” rating to a “hold” rating and set a $114.56 price target on the stock. in a report on Monday, February 27th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $100.00 price target on shares of Walt Disney in a report on Wednesday, February 8th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $114.84.
In other news, EVP Brent Woodford sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $106.50, for a total value of $213,000.00. Following the completion of the transaction, the executive vice president now owns 27,745 shares of the company’s stock, valued at $2,954,842.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last quarter, insiders have sold 6,925 shares of company stock valued at $747,764. Company insiders own 13.00% of the company’s stock.
Walt Disney Company Profile
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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