Buckley Wealth Management LLC purchased a new stake in The Walt Disney Company (NYSE:DIS) during the 4th quarter, Holdings Channel reports. The fund purchased 3,578 shares of the entertainment giant’s stock, valued at approximately $385,000.
Other hedge funds also recently made changes to their positions in the company. Lucas Capital Management acquired a new position in The Walt Disney in the fourth quarter worth $220,000. Parsons Capital Management Inc. RI boosted its stake in The Walt Disney by 14.5% in the fourth quarter. Parsons Capital Management Inc. RI now owns 32,668 shares of the entertainment giant’s stock worth $3,512,000 after purchasing an additional 4,130 shares in the last quarter. Selway Asset Management boosted its stake in The Walt Disney by 3.0% in the third quarter. Selway Asset Management now owns 37,456 shares of the entertainment giant’s stock worth $3,692,000 after purchasing an additional 1,100 shares in the last quarter. Rothschild Investment Corp IL boosted its stake in The Walt Disney by 36.7% in the fourth quarter. Rothschild Investment Corp IL now owns 40,931 shares of the entertainment giant’s stock worth $4,400,000 after purchasing an additional 10,981 shares in the last quarter. Finally, Coastline Trust Co boosted its stake in The Walt Disney by 12.0% in the fourth quarter. Coastline Trust Co now owns 24,335 shares of the entertainment giant’s stock worth $2,616,000 after purchasing an additional 2,610 shares in the last quarter. 62.62% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have commented on DIS. Bank of America reissued a “buy” rating and issued a $144.00 price objective (up previously from $130.00) on shares of The Walt Disney in a research note on Wednesday, January 10th. Vetr lowered The Walt Disney from a “strong-buy” rating to a “buy” rating and set a $114.86 price objective on the stock. in a research note on Tuesday, February 13th. B. Riley reissued a “hold” rating and issued a $122.00 price objective on shares of The Walt Disney in a research note on Monday, January 29th. Macquarie set a $125.00 price objective on The Walt Disney and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Finally, Rosenblatt Securities raised The Walt Disney from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $115.00 to $130.00 in a research note on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. The Walt Disney currently has an average rating of “Buy” and a consensus price target of $118.70.
The Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.28. The business had revenue of $15.35 billion during the quarter, compared to the consensus estimate of $15.47 billion. The Walt Disney had a return on equity of 20.44% and a net margin of 19.61%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.55 earnings per share. equities research analysts predict that The Walt Disney Company will post 6.94 EPS for the current year.
In related news, Director Aylwin B. Lewis sold 1,797 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $108.39, for a total value of $194,776.83. Following the completion of the sale, the director now owns 85,636 shares in the company, valued at $9,282,086.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.38% of the company’s stock.
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The Walt Disney Company Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.
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