Private Management Group Inc. Has $479,000 Stake in The Walt Disney Company (NYSE:DIS)

Private Management Group Inc. boosted its holdings in shares of The Walt Disney Company (NYSE:DIS – Get Rating) by 29.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,093 shares of the entertainment giant’s stock after buying an additional 707 shares during the quarter. Private Management Group Inc.’s holdings in Walt Disney were worth $479,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of DIS. GeoWealth Management LLC acquired a new stake in shares of Walt Disney in the third quarter valued at about $25,000. Syverson Strege & Co grew its position in shares of Walt Disney by 384.8% in the fourth quarter. Syverson Strege & Co now owns 160 shares of the entertainment giant’s stock valued at $25,000 after purchasing an additional 127 shares during the last quarter. Sandy Cove Advisors LLC acquired a new stake in shares of Walt Disney in the fourth quarter valued at about $27,000. Core Alternative Capital acquired a new stake in shares of Walt Disney in the third quarter valued at about $28,000. Finally, Strategic Asset Management LLC acquired a new stake in shares of Walt Disney in the third quarter valued at about $57,000. 63.65% of the stock is currently owned by institutional investors.

In other news, EVP Brent Woodford sold 226 shares of the business’s stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $132.50, for a total transaction of $29,945.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.10% of the stock is owned by insiders.

Several equities research analysts have recently issued reports on DIS shares. Atlantic Securities lowered their price target on Walt Disney from $172.00 to $167.00 and set a “neutral” rating on the stock in a research report on Thursday, February 10th. Tigress Financial reiterated a “buy” rating and issued a $229.00 target price on shares of Walt Disney in a research note on Friday, April 1st. BMO Capital Markets increased their target price on shares of Walt Disney from $165.00 to $175.00 and gave the company a “market perform” rating in a research note on Thursday, February 10th. Morgan Stanley reduced their target price on shares of Walt Disney from $185.00 to $170.00 and set an “overweight” rating for the company in a research note on Monday, February 7th. Finally, Loop Capital reduced their target price on shares of Walt Disney from $190.00 to $165.00 in a research note on Monday, April 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $185.04.

Shares of DIS stock traded down $0.07 on Thursday, hitting $115.14. The stock had a trading volume of 711,897 shares, compared to its average volume of 12,268,704. The firm has a market cap of $209.63 billion, a P/E ratio of 68.58, a PEG ratio of 1.19 and a beta of 1.15. The Walt Disney Company has a twelve month low of $113.39 and a twelve month high of $189.22. The company has a fifty day moving average price of $136.00 and a two-hundred day moving average price of $148.83. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.50.

Walt Disney (NYSE:DIS – Get Rating) last posted its quarterly earnings data on Wednesday, February 9th. The entertainment giant reported $1.06 EPS for the quarter, beating the consensus estimate of $0.57 by $0.49. The business had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $21.20 billion. Walt Disney had a net margin of 4.22% and a return on equity of 6.26%. During the same period in the previous year, the firm posted $0.32 EPS. On average, analysts expect that The Walt Disney Company will post 4.49 earnings per share for the current year.

About Walt Disney (Get Rating)

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.

Featured Articles