Boston Research & Management Inc. Acquires 770 Shares of The Walt Disney Company (NYSE:DIS)

Boston Research & Management Inc. increased its holdings in The Walt Disney Company (NYSE:DIS) by 2.4% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 32,778 shares of the entertainment giant’s stock after buying an additional 770 shares during the quarter. Walt Disney comprises approximately 1.6% of Boston Research & Management Inc.’s portfolio, making the stock its 25th biggest position. Boston Research & Management Inc.’s holdings in Walt Disney were worth $5,545,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nikko Asset Management Americas Inc. lifted its position in shares of Walt Disney by 0.8% during the 3rd quarter. Nikko Asset Management Americas Inc. now owns 832,277 shares of the entertainment giant’s stock valued at $141,903,000 after buying an additional 6,721 shares in the last quarter. Avidian Wealth Solutions LLC increased its position in shares of Walt Disney by 35.8% during the 3rd quarter. Avidian Wealth Solutions LLC now owns 13,651 shares of the entertainment giant’s stock valued at $2,309,000 after purchasing an additional 3,599 shares during the last quarter. Amundi bought a new position in shares of Walt Disney during the 2nd quarter valued at approximately $1,036,444,000. Epoch Investment Partners Inc. increased its position in shares of Walt Disney by 10.4% during the 2nd quarter. Epoch Investment Partners Inc. now owns 504,278 shares of the entertainment giant’s stock valued at $88,637,000 after purchasing an additional 47,313 shares during the last quarter. Finally, Eudaimonia Partners LLC increased its position in shares of Walt Disney by 20.2% during the 2nd quarter. Eudaimonia Partners LLC now owns 17,470 shares of the entertainment giant’s stock valued at $3,071,000 after purchasing an additional 2,934 shares during the last quarter. Institutional investors own 63.93% of the company’s stock.

Several equities analysts have commented on the company. Citigroup cut their price objective on Walt Disney from $230.00 to $210.00 and set a “buy” rating on the stock in a research report on Tuesday, November 16th. UBS Group cut their price objective on Walt Disney from $220.00 to $205.00 and set a “buy” rating on the stock in a research report on Thursday, November 11th. BMO Capital Markets cut their price objective on Walt Disney from $195.00 to $180.00 and set a “market perform” rating on the stock in a research report on Thursday, November 11th. Zacks Investment Research downgraded Walt Disney from a “hold” rating to a “strong sell” rating and set a $128.00 price objective on the stock. in a research report on Tuesday, December 14th. Finally, Atlantic Securities downgraded Walt Disney from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $219.00 to $172.00 in a research report on Thursday, November 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, Walt Disney currently has a consensus rating of “Buy” and an average price target of $196.93.

In other news, EVP Brent Woodford sold 2,868 shares of the stock in a transaction dated Tuesday, January 4th. The stock was sold at an average price of $158.89, for a total value of $455,696.52. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.25% of the stock is currently owned by corporate insiders.

Walt Disney stock traded down $5.82 during midday trading on Friday, reaching $149.62. The company’s stock had a trading volume of 687,736 shares, compared to its average volume of 9,359,189. The stock’s 50-day simple moving average is $154.81 and its 200-day simple moving average is $169.05. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.08 and a quick ratio of 1.04. The Walt Disney Company has a 52-week low of $142.04 and a 52-week high of $203.02. The stock has a market capitalization of $271.96 billion, a P/E ratio of 142.61, a PEG ratio of 1.65 and a beta of 1.19.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, November 10th. The entertainment giant reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.13). The firm had revenue of $18.53 billion during the quarter, compared to analyst estimates of $18.85 billion. Walt Disney had a net margin of 2.96% and a return on equity of 4.86%. During the same period in the prior year, the company posted ($0.20) earnings per share. As a group, equities research analysts expect that The Walt Disney Company will post 4.21 earnings per share for the current fiscal year.

Walt Disney Company Profile

The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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