Brown Advisory Inc. lifted its holdings in shares of The Walt Disney Company (NYSE:DIS – Get Rating) by 1.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,147,257 shares of the entertainment giant’s stock after acquiring an additional 10,901 shares during the quarter. Brown Advisory Inc. owned about 0.06% of Walt Disney worth $160,194,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in Walt Disney in the 4th quarter worth $2,290,736,000. Loomis Sayles & Co. L P increased its position in shares of Walt Disney by 25.1% in the 4th quarter. Loomis Sayles & Co. L P now owns 13,510,534 shares of the entertainment giant’s stock worth $2,092,646,000 after purchasing an additional 2,707,126 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Walt Disney by 106.7% in the 1st quarter. SG Americas Securities LLC now owns 166,124 shares of the entertainment giant’s stock worth $22,786,000 after purchasing an additional 2,640,795 shares during the last quarter. D1 Capital Partners L.P. increased its position in shares of Walt Disney by 75.7% in the 4th quarter. D1 Capital Partners L.P. now owns 5,430,761 shares of the entertainment giant’s stock worth $841,171,000 after purchasing an additional 2,340,000 shares during the last quarter. Finally, State Street Corp increased its position in shares of Walt Disney by 1.7% in the 4th quarter. State Street Corp now owns 73,140,194 shares of the entertainment giant’s stock worth $11,328,685,000 after purchasing an additional 1,200,863 shares during the last quarter. Institutional investors and hedge funds own 64.17% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. BMO Capital Markets dropped their target price on shares of Walt Disney from $140.00 to $135.00 in a research report on Thursday, May 12th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Walt Disney from $191.00 to $130.00 in a research report on Monday, June 6th. KeyCorp lowered their price objective on shares of Walt Disney from $151.00 to $131.00 and set an “overweight” rating for the company in a research report on Wednesday, July 20th. Citigroup lowered their price objective on shares of Walt Disney from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, July 7th. Finally, Wolfe Research decreased their target price on shares of Walt Disney from $211.00 to $128.00 and set an “outperform” rating for the company in a research report on Thursday, June 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Walt Disney presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.28.
Walt Disney Stock Down 1.4 %
Walt Disney (NYSE:DIS – Get Rating) last released its quarterly earnings data on Wednesday, May 11th. The entertainment giant reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.12). The company had revenue of $19.25 billion during the quarter, compared to analyst estimates of $20.25 billion. Walt Disney had a net margin of 3.46% and a return on equity of 6.87%. During the same quarter in the prior year, the company posted $0.79 EPS. On average, research analysts predict that The Walt Disney Company will post 3.93 EPS for the current fiscal year.
About Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
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