Wagner Bowman Management Corp lowered its stake in Walt Disney Co (NYSE:DIS) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,588 shares of the entertainment giant’s stock after selling 1,270 shares during the period. Walt Disney accounts for 1.2% of Wagner Bowman Management Corp’s holdings, making the stock its 16th biggest position. Wagner Bowman Management Corp’s holdings in Walt Disney were worth $4,395,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Walt Disney by 2.2% during the second quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock worth $10,497,824,000 after purchasing an additional 2,131,932 shares during the last quarter. Northern Trust Corp grew its position in shares of Walt Disney by 2.5% in the second quarter. Northern Trust Corp now owns 20,462,287 shares of the entertainment giant’s stock valued at $2,174,118,000 after purchasing an additional 500,349 shares during the period. Legal & General Group Plc grew its position in shares of Walt Disney by 3.8% in the third quarter. Legal & General Group Plc now owns 8,186,026 shares of the entertainment giant’s stock valued at $806,872,000 after purchasing an additional 300,973 shares during the period. Parnassus Investments CA boosted its position in Walt Disney by 19.3% during the third quarter. Parnassus Investments CA now owns 6,941,130 shares of the entertainment giant’s stock worth $684,187,000 after acquiring an additional 1,123,949 shares during the last quarter. Finally, Swiss National Bank boosted its position in Walt Disney by 7.8% during the second quarter. Swiss National Bank now owns 5,777,328 shares of the entertainment giant’s stock worth $613,841,000 after acquiring an additional 420,200 shares during the last quarter. 61.23% of the stock is owned by institutional investors and hedge funds.
Walt Disney Co (NYSE DIS) opened at $106.53 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Walt Disney Co has a twelve month low of $96.20 and a twelve month high of $116.10. The company has a market cap of $160,186.61, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 1.82 and a beta of 1.30.
A number of research firms have recently issued reports on DIS. Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Barclays set a $105.00 price target on shares of Walt Disney and gave the company a “hold” rating in a research note on Tuesday, January 23rd. Edward Jones downgraded shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Wells Fargo & Co reissued a “buy” rating and issued a $135.00 price target on shares of Walt Disney in a research note on Friday, December 15th. Finally, B. Riley reissued a “hold” rating and issued a $101.00 price target (up from $97.00) on shares of Walt Disney in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $118.59.
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Walt Disney Company Profile
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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