Walt Disney Co (DIS) is Burns J W & Co. Inc. NY’s 7th Largest Position
Burns J W & Co. Inc. NY lessened its stake in Walt Disney Co (NYSE:DIS) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,242 shares of the entertainment giant’s stock after selling 2,547 shares during the period. Walt Disney accounts for about 2.1% of Burns J W & Co. Inc. NY’s holdings, making the stock its 7th biggest position. Burns J W & Co. Inc. NY’s holdings in Walt Disney were worth $8,304,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Walt Disney by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after acquiring an additional 2,131,932 shares during the period. Northern Trust Corp increased its position in Walt Disney by 2.5% in the 2nd quarter. Northern Trust Corp now owns 20,462,287 shares of the entertainment giant’s stock valued at $2,174,118,000 after acquiring an additional 500,349 shares during the period. Legal & General Group Plc increased its position in Walt Disney by 3.8% in the 3rd quarter. Legal & General Group Plc now owns 8,186,026 shares of the entertainment giant’s stock valued at $806,872,000 after acquiring an additional 300,973 shares during the period. Parnassus Investments CA increased its position in Walt Disney by 19.3% in the 3rd quarter. Parnassus Investments CA now owns 6,941,130 shares of the entertainment giant’s stock valued at $684,187,000 after acquiring an additional 1,123,949 shares during the period. Finally, Swiss National Bank increased its position in Walt Disney by 7.8% in the 2nd quarter. Swiss National Bank now owns 5,777,328 shares of the entertainment giant’s stock valued at $613,841,000 after acquiring an additional 420,200 shares during the period. Hedge funds and other institutional investors own 61.23% of the company’s stock.
In related news, Director Aylwin B. Lewis sold 1,797 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $108.39, for a total value of $194,776.83. Following the sale, the director now owns 85,636 shares of the company’s stock, valued at approximately $9,282,086.04. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.38% of the stock is currently owned by corporate insiders.
Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.28. Walt Disney had a return on equity of 20.44% and a net margin of 19.61%. The firm had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.47 billion. During the same quarter in the prior year, the company earned $1.55 EPS. Walt Disney’s revenue was up 3.8% on a year-over-year basis. equities analysts forecast that Walt Disney Co will post 6.95 earnings per share for the current year.
Several equities analysts recently issued reports on DIS shares. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Jefferies Group reiterated a “hold” rating and set a $103.77 target price (up previously from $102.68) on shares of Walt Disney in a research report on Friday, November 10th. Goldman Sachs Group boosted their target price on Walt Disney from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Loop Capital dropped their target price on Walt Disney from $104.00 to $103.00 and set a “hold” rating on the stock in a research report on Friday, November 10th. Finally, JPMorgan Chase & Co. set a $125.00 target price on Walt Disney and gave the stock a “buy” rating in a research report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $118.59.
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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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