Norway Savings Bank boosted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,967 shares of the entertainment giant’s stock after purchasing an additional 319 shares during the quarter. The Walt Disney makes up approximately 1.3% of Norway Savings Bank’s holdings, making the stock its 19th largest holding. Norway Savings Bank’s holdings in The Walt Disney were worth $2,349,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Campbell Capital Management Inc. purchased a new stake in The Walt Disney during the 4th quarter worth approximately $272,000. Redpoint Investment Management Pty Ltd increased its holdings in The Walt Disney by 4.4% during the 4th quarter. Redpoint Investment Management Pty Ltd now owns 44,902 shares of the entertainment giant’s stock worth $8,135,000 after purchasing an additional 1,895 shares during the last quarter. Global Retirement Partners LLC increased its holdings in The Walt Disney by 10.6% during the 4th quarter. Global Retirement Partners LLC now owns 28,485 shares of the entertainment giant’s stock worth $5,161,000 after purchasing an additional 2,738 shares during the last quarter. Shulman DeMeo Asset Management LLC increased its holdings in The Walt Disney by 9.4% during the 4th quarter. Shulman DeMeo Asset Management LLC now owns 6,771 shares of the entertainment giant’s stock worth $1,227,000 after purchasing an additional 581 shares during the last quarter. Finally, Radnor Capital Management LLC increased its holdings in The Walt Disney by 1.6% during the 4th quarter. Radnor Capital Management LLC now owns 31,646 shares of the entertainment giant’s stock worth $5,734,000 after purchasing an additional 497 shares during the last quarter. Institutional investors own 57.46% of the company’s stock.

In other news, CEO Robert A. Chapek sold 9,537 shares of the business’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $140.00, for a total value of $1,335,180.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Zenia B. Mucha sold 797 shares of the business’s stock in a transaction on Wednesday, December 23rd. The stock was sold at an average price of $172.96, for a total value of $137,849.12. Following the completion of the sale, the executive vice president now directly owns 20,634 shares in the company, valued at approximately $3,568,856.64. The disclosure for this sale can be found here. Insiders have sold a total of 128,903 shares of company stock valued at $20,128,600 in the last quarter. 0.31% of the stock is currently owned by insiders.

Shares of DIS stock opened at $176.12 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.26 and a current ratio of 1.32. The Walt Disney Company has a 1 year low of $79.07 and a 1 year high of $183.40. The stock has a fifty day moving average of $168.29 and a two-hundred day moving average of $136.87. The firm has a market capitalization of $318.86 billion, a PE ratio of -110.77, a price-to-earnings-growth ratio of 4.37 and a beta of 1.16.

The Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 12th. The entertainment giant reported ($0.20) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.68) by $0.48. The Walt Disney had a positive return on equity of 4.05% and a negative net margin of 4.38%. The company had revenue of $14.71 billion during the quarter, compared to analyst estimates of $14.10 billion. During the same quarter in the previous year, the firm posted $1.07 EPS. The firm’s quarterly revenue was down 23.1% on a year-over-year basis. Equities research analysts predict that The Walt Disney Company will post 2.05 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on DIS shares. JPMorgan Chase & Co. lifted their price objective on The Walt Disney from $175.00 to $210.00 in a report on Monday. The Goldman Sachs Group lifted their target price on The Walt Disney from $142.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, November 13th. Truist initiated coverage on The Walt Disney in a research report on Thursday, December 10th. They issued a “buy” rating and a $175.00 target price for the company. Credit Suisse Group lifted their target price on The Walt Disney from $146.00 to $178.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on The Walt Disney from $163.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, December 16th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $159.17.

The Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.

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

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