Walt Disney Co (DIS) Shares Sold by Summit Financial Group Inc.
Summit Financial Group Inc. decreased its holdings in shares of Walt Disney Co (NYSE:DIS) by 15.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 22,034 shares of the entertainment giant’s stock after selling 3,906 shares during the period. Walt Disney makes up approximately 1.9% of Summit Financial Group Inc.’s investment portfolio, making the stock its 12th largest holding. Summit Financial Group Inc.’s holdings in Walt Disney were worth $2,369,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hefty Wealth Partners acquired a new position in Walt Disney in the 4th quarter valued at $921,000. Washington Trust Bank grew its holdings in shares of Walt Disney by 5.7% during the 4th quarter. Washington Trust Bank now owns 70,371 shares of the entertainment giant’s stock worth $7,565,000 after purchasing an additional 3,786 shares during the period. Parametric Portfolio Associates LLC grew its holdings in shares of Walt Disney by 3.4% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 3,406,988 shares of the entertainment giant’s stock worth $335,827,000 after purchasing an additional 111,031 shares during the period. Institutional & Family Asset Management LLC purchased a new position in shares of Walt Disney during the 3rd quarter worth $253,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Walt Disney during the 3rd quarter worth $3,160,000. Hedge funds and other institutional investors own 62.63% of the company’s stock.
A number of equities analysts recently commented on the company. Bank of America restated a “buy” rating and set a $144.00 target price (up from $130.00) on shares of Walt Disney in a report on Wednesday, January 10th. Vetr lowered Walt Disney from a “strong-buy” rating to a “buy” rating and set a $114.86 target price on the stock. in a research report on Tuesday, February 13th. Loop Capital initiated coverage on Walt Disney in a research report on Thursday. They set a “buy” rating on the stock. B. Riley restated a “hold” rating and set a $122.00 price target on shares of Walt Disney in a research note on Monday, January 29th. Finally, Macquarie set a $125.00 target price on Walt Disney and gave the company a “buy” rating in a research note on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $118.59.
Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.28. The business had revenue of $15.35 billion for the quarter, compared to analysts’ expectations of $15.47 billion. Walt Disney had a return on equity of 20.44% and a net margin of 19.61%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.55 EPS. equities research analysts expect that Walt Disney Co will post 6.95 EPS for the current fiscal year.
In related news, Director Aylwin B. Lewis sold 1,797 shares of Walt Disney stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $108.39, for a total transaction of $194,776.83. Following the sale, the director now directly owns 85,636 shares of the company’s stock, valued at $9,282,086.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.38% of the stock is owned by company insiders.
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Walt Disney Profile
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
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