Westchester Capital Management Inc. Reduces Position in Walt Disney Co (NYSE:DIS)

Westchester Capital Management Inc. lessened its stake in shares of Walt Disney Co (NYSE:DIS) by 0.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 74,146 shares of the entertainment giant’s stock after selling 235 shares during the period. Walt Disney makes up about 3.8% of Westchester Capital Management Inc.’s portfolio, making the stock its 15th biggest position. Westchester Capital Management Inc.’s holdings in Walt Disney were worth $9,663,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Glenview State Bank Trust DEPT. boosted its holdings in Walt Disney by 0.5% during the second quarter. Glenview State Bank Trust DEPT. now owns 15,057 shares of the entertainment giant’s stock worth $2,103,000 after buying an additional 70 shares in the last quarter. Aft Forsyth & Company Inc. boosted its holdings in Walt Disney by 0.9% during the second quarter. Aft Forsyth & Company Inc. now owns 7,705 shares of the entertainment giant’s stock worth $1,076,000 after buying an additional 70 shares in the last quarter. Altfest L J & Co. Inc. boosted its holdings in Walt Disney by 0.5% during the second quarter. Altfest L J & Co. Inc. now owns 13,978 shares of the entertainment giant’s stock worth $1,952,000 after buying an additional 74 shares in the last quarter. Botty Investors LLC boosted its holdings in Walt Disney by 4.8% during the second quarter. Botty Investors LLC now owns 1,650 shares of the entertainment giant’s stock worth $230,000 after buying an additional 75 shares in the last quarter. Finally, Wealthquest Corp boosted its holdings in Walt Disney by 1.6% during the second quarter. Wealthquest Corp now owns 4,772 shares of the entertainment giant’s stock worth $666,000 after buying an additional 76 shares in the last quarter. 68.42% of the stock is currently owned by institutional investors.

A number of research firms have weighed in on DIS. UBS Group reduced their price objective on shares of Walt Disney from $165.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday. Credit Suisse Group restated a “buy” rating and set a $150.00 price objective on shares of Walt Disney in a research report on Thursday, August 8th. Sanford C. Bernstein set a $130.00 price objective on shares of Walt Disney and gave the stock a “hold” rating in a research report on Thursday, September 12th. Moffett Nathanson set a $150.00 price objective on shares of Walt Disney and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Tigress Financial restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 26th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $150.47.

Shares of NYSE DIS traded up $5.00 during mid-day trading on Friday, reaching $137.96. The company’s stock had a trading volume of 23,891,567 shares, compared to its average volume of 7,565,782. The stock has a 50-day moving average of $131.00 and a two-hundred day moving average of $136.12. The stock has a market capitalization of $248.52 billion, a P/E ratio of 19.49, a P/E/G ratio of 4.43 and a beta of 0.96. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.67 and a current ratio of 0.70. Walt Disney Co has a 1-year low of $100.35 and a 1-year high of $147.15.

Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 7th. The entertainment giant reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.12. The business had revenue of $19.10 billion during the quarter, compared to analysts’ expectations of $19.02 billion. Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. The company’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.48 earnings per share. Analysts predict that Walt Disney Co will post 5.74 EPS for the current fiscal year.

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

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