Zuckerman Investment Group LLC Grows Holdings in The Walt Disney Company (NYSE:DIS)

Zuckerman Investment Group LLC grew its stake in shares of The Walt Disney Company (NYSE:DISGet Rating) by 22.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,409 shares of the entertainment giant’s stock after buying an additional 2,862 shares during the quarter. Zuckerman Investment Group LLC’s holdings in Walt Disney were worth $1,454,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Bellecapital International Ltd. raised its position in Walt Disney by 7.6% during the third quarter. Bellecapital International Ltd. now owns 4,931 shares of the entertainment giant’s stock valued at $465,000 after purchasing an additional 350 shares in the last quarter. Iat Reinsurance Co. LTD. raised its holdings in shares of Walt Disney by 289.4% during the 3rd quarter. Iat Reinsurance Co. LTD. now owns 89,825 shares of the entertainment giant’s stock valued at $8,473,000 after buying an additional 66,755 shares in the last quarter. Cowa LLC purchased a new position in shares of Walt Disney during the 3rd quarter valued at about $76,000. Chevy Chase Trust Holdings LLC lifted its position in Walt Disney by 0.3% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 1,803,696 shares of the entertainment giant’s stock worth $170,143,000 after buying an additional 6,128 shares during the last quarter. Finally, Commerce Bank boosted its stake in Walt Disney by 0.8% in the third quarter. Commerce Bank now owns 252,962 shares of the entertainment giant’s stock worth $23,862,000 after buying an additional 2,066 shares in the last quarter. 62.22% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 18,110 shares of the business’s stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $98.46, for a total transaction of $1,783,110.60. Following the sale, the executive vice president now owns 33,186 shares in the company, valued at approximately $3,267,493.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Christine M. Mccarthy sold 42,533 shares of the company’s stock in a transaction that occurred on Thursday, January 12th. The stock was sold at an average price of $98.46, for a total value of $4,187,799.18. Following the sale, the chief financial officer now owns 181,830 shares in the company, valued at approximately $17,902,981.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brent Woodford sold 18,110 shares of Walt Disney stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $98.46, for a total value of $1,783,110.60. Following the transaction, the executive vice president now owns 33,186 shares of the company’s stock, valued at approximately $3,267,493.56. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Walt Disney Trading Down 0.9 %

Shares of NYSE DIS traded down $0.96 during midday trading on Wednesday, hitting $105.04. 1,651,782 shares of the company traded hands, compared to its average volume of 11,507,959. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.94 and a current ratio of 1.00. The Walt Disney Company has a 12-month low of $84.07 and a 12-month high of $157.50. The stock has a 50-day moving average price of $94.07 and a 200 day moving average price of $101.01. The firm has a market cap of $191.55 billion, a P/E ratio of 61.63, a P/E/G ratio of 2.21 and a beta of 1.22.

Walt Disney (NYSE:DISGet Rating) last posted its earnings results on Tuesday, November 8th. The entertainment giant reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.20). The firm had revenue of $20.15 billion for the quarter, compared to analysts’ expectations of $21.10 billion. Walt Disney had a return on equity of 6.96% and a net margin of 3.80%. As a group, analysts expect that The Walt Disney Company will post 3.97 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DIS. Moffett Nathanson upgraded shares of Walt Disney from a “market perform” rating to an “outperform” rating and set a $120.00 price objective for the company in a report on Monday, November 21st. Cowen lowered their price target on shares of Walt Disney from $124.00 to $94.00 in a research note on Wednesday, November 9th. Truist Financial reduced their price objective on Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday, January 17th. The Goldman Sachs Group decreased their price objective on Walt Disney from $137.00 to $118.00 and set a “buy” rating on the stock in a report on Wednesday, November 9th. Finally, Wells Fargo & Company dropped their target price on Walt Disney from $145.00 to $125.00 in a report on Wednesday, November 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, Walt Disney currently has an average rating of “Moderate Buy” and a consensus price target of $128.74.

Walt Disney Company Profile

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The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.

See Also

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

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