Citizens & Northern Corp boosted its stake in shares of Walt Disney Co (NYSE:DIS) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,814 shares of the entertainment giant’s stock after buying an additional 925 shares during the period. Walt Disney makes up about 1.6% of Citizens & Northern Corp’s investment portfolio, making the stock its 12th largest position. Citizens & Northern Corp’s holdings in Walt Disney were worth $2,169,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of DIS. State Street Corp increased its position in Walt Disney by 3.3% in the fourth quarter. State Street Corp now owns 67,283,818 shares of the entertainment giant’s stock valued at $7,013,903,000 after buying an additional 2,122,112 shares during the last quarter. FMR LLC increased its position in Walt Disney by 11.7% in the fourth quarter. FMR LLC now owns 34,148,450 shares of the entertainment giant’s stock valued at $3,558,951,000 after buying an additional 3,579,822 shares during the last quarter. BlackRock Fund Advisors increased its position in Walt Disney by 2.3% in the third quarter. BlackRock Fund Advisors now owns 18,485,186 shares of the entertainment giant’s stock valued at $1,716,534,000 after buying an additional 422,011 shares during the last quarter. Fisher Asset Management LLC increased its position in Walt Disney by 0.6% in the third quarter. Fisher Asset Management LLC now owns 8,722,317 shares of the entertainment giant’s stock valued at $809,954,000 after buying an additional 48,266 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in Walt Disney by 149.1% in the third quarter. Nordea Investment Management AB now owns 5,372,709 shares of the entertainment giant’s stock valued at $498,910,000 after buying an additional 3,216,153 shares during the last quarter. 58.65% of the stock is currently owned by institutional investors.
Shares of Walt Disney Co (NYSE:DIS) traded down 0.30% during mid-day trading on Friday, hitting $114.44. The stock had a trading volume of 6,504,948 shares. The stock’s 50-day moving average is $112.40 and its 200 day moving average is $104.65. Walt Disney Co has a 1-year low of $90.32 and a 1-year high of $115.12. The firm has a market capitalization of $180.96 billion, a price-to-earnings ratio of 20.66 and a beta of 1.25.
Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 7th. The entertainment giant reported $1.55 EPS for the quarter, beating the consensus estimate of $1.48 by $0.07. The business had revenue of $14.78 billion for the quarter, compared to the consensus estimate of $15.30 billion. Walt Disney had a net margin of 16.29% and a return on equity of 19.43%. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.63 EPS. Equities research analysts predict that Walt Disney Co will post $5.95 EPS for the current fiscal year.
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A number of equities research analysts recently issued reports on the company. Royal Bank of Canada raised Walt Disney from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $101.00 to $130.00 in a research report on Thursday, January 5th. Jefferies Group LLC increased their price target on Walt Disney from $100.00 to $110.00 and gave the stock a “hold” rating in a research report on Monday, March 27th. Instinet reissued a “buy” rating and set a $120.00 price target on shares of Walt Disney in a research report on Wednesday, March 8th. Goldman Sachs Group Inc raised Walt Disney from a “neutral” rating to a “buy” rating and increased their price target for the stock from $109.00 to $134.00 in a research report on Tuesday, February 7th. Finally, Evercore ISI raised Walt Disney from a “buy” rating to a “top pick” rating and increased their price target for the stock from $103.00 to $120.00 in a research report on Tuesday, January 3rd. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $116.57.
In other news, EVP Brent Woodford sold 2,000 shares of the company’s stock in a transaction on Tuesday, April 18th. The shares were sold at an average price of $114.50, for a total value of $229,000.00. Following the sale, the executive vice president now directly owns 27,745 shares of the company’s stock, valued at approximately $3,176,802.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.00% of the stock is owned by corporate insiders.
About Walt Disney
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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