Woodstock Corp decreased its position in shares of The Walt Disney Company (NYSE:DIS) by 1.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,245 shares of the entertainment giant’s stock after selling 1,377 shares during the quarter. The Walt Disney accounts for approximately 2.1% of Woodstock Corp’s portfolio, making the stock its 9th largest holding. Woodstock Corp’s holdings in The Walt Disney were worth $16,283,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of DIS. Arrowstreet Capital Limited Partnership grew its stake in shares of The Walt Disney by 276.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 32,959 shares of the entertainment giant’s stock worth $4,090,000 after purchasing an additional 24,196 shares during the period. ExodusPoint Capital Management LP purchased a new position in shares of The Walt Disney during the 3rd quarter valued at approximately $2,541,000. Eudaimonia Partners LLC lifted its position in shares of The Walt Disney by 0.6% during the 3rd quarter. Eudaimonia Partners LLC now owns 12,789 shares of the entertainment giant’s stock valued at $173,000 after buying an additional 70 shares in the last quarter. First City Capital Management Inc. lifted its position in shares of The Walt Disney by 85.1% during the 3rd quarter. First City Capital Management Inc. now owns 6,096 shares of the entertainment giant’s stock valued at $772,000 after buying an additional 2,802 shares in the last quarter. Finally, Lombard Odier Asset Management Switzerland SA purchased a new position in shares of The Walt Disney during the 3rd quarter valued at approximately $1,136,000. 62.83% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on DIS. BMO Capital Markets lowered The Walt Disney from an “outperform” rating to a “market perform” rating and increased their target price for the company from $165.00 to $185.00 in a research report on Monday, December 14th. KeyCorp increased their target price on The Walt Disney from $182.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, February 12th. Evercore ISI increased their target price on The Walt Disney from $200.00 to $210.00 in a research report on Friday, February 12th. Deutsche Bank Aktiengesellschaft raised their price objective on The Walt Disney from $185.00 to $222.00 and gave the company a “buy” rating in a report on Tuesday, February 16th. Finally, Loop Capital raised their price objective on The Walt Disney from $190.00 to $230.00 in a report on Friday, February 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $187.00.
The Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, February 10th. The entertainment giant reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.77. The firm had revenue of $16.25 billion during the quarter, compared to the consensus estimate of $15.84 billion. The Walt Disney had a positive return on equity of 4.05% and a negative net margin of 4.38%. Equities research analysts predict that The Walt Disney Company will post 1.69 earnings per share for the current fiscal year.
In other The Walt Disney news, CFO Christine M. Mccarthy sold 4,139 shares of The Walt Disney stock in a transaction dated Friday, January 15th. The stock was sold at an average price of $173.00, for a total value of $716,047.00. Following the completion of the transaction, the chief financial officer now directly owns 156,984 shares of the company’s stock, valued at approximately $27,158,232. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Zenia B. Mucha sold 33,969 shares of The Walt Disney stock in a transaction dated Thursday, February 18th. The shares were sold at an average price of $183.12, for a total value of $6,220,403.28. Following the completion of the transaction, the executive vice president now directly owns 53,589 shares of the company’s stock, valued at $9,813,217.68. The disclosure for this sale can be found here. Insiders have sold a total of 1,367,269 shares of company stock valued at $251,173,842 over the last three months. Corporate insiders own 0.31% of the company’s stock.
About The Walt Disney
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.
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