Walt Disney Co (NYSE:DIS) Holdings Increased by Northern Oak Wealth Management Inc.
Northern Oak Wealth Management Inc. raised its holdings in Walt Disney Co (NYSE:DIS) by 38.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,755 shares of the entertainment giant’s stock after acquiring an additional 17,984 shares during the period. Walt Disney makes up 1.2% of Northern Oak Wealth Management Inc.’s investment portfolio, making the stock its 28th largest position. Northern Oak Wealth Management Inc.’s holdings in Walt Disney were worth $7,101,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund increased its position in shares of Walt Disney by 14,778.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 53,195,820 shares of the entertainment giant’s stock valued at $485,000 after purchasing an additional 52,838,274 shares during the last quarter. BlackRock Inc. increased its position in shares of Walt Disney by 6.5% during the 4th quarter. BlackRock Inc. now owns 92,790,946 shares of the entertainment giant’s stock valued at $10,174,527,000 after purchasing an additional 5,639,712 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Walt Disney by 9.8% during the 4th quarter. Geode Capital Management LLC now owns 20,146,874 shares of the entertainment giant’s stock valued at $2,205,626,000 after purchasing an additional 1,789,989 shares during the last quarter. Cortland Advisers LLC bought a new position in shares of Walt Disney during the 4th quarter valued at about $118,918,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd bought a new position in shares of Walt Disney during the 4th quarter valued at about $106,699,000. 64.23% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on the company. Credit Suisse Group increased their price objective on Walt Disney from $114.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. Zacks Investment Research lowered Walt Disney from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. UBS Group raised their price target on Walt Disney from $128.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. BMO Capital Markets raised their price target on Walt Disney from $140.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. Finally, Barclays raised their price target on Walt Disney from $130.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the stock. Walt Disney presently has a consensus rating of “Buy” and an average price target of $142.36.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.02. The firm had revenue of $14.92 billion for the quarter, compared to analyst estimates of $14.53 billion. Walt Disney had a return on equity of 15.67% and a net margin of 22.55%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $1.84 EPS. Research analysts forecast that Walt Disney Co will post 6.67 earnings per share for the current year.
In other news, EVP Zenia B. Mucha sold 33,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $128.88, for a total value of $4,253,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brent Woodford sold 2,200 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $138.23, for a total value of $304,106.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,200 shares of company stock worth $5,098,106. Corporate insiders own 0.36% of the company’s stock.
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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 businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
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