The Walt Disney Company (NYSE:DIS) Stake Boosted by Boyar Asset Management Inc.

Boyar Asset Management Inc. grew its position in The Walt Disney Company (NYSE:DISGet Rating) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,853 shares of the entertainment giant’s stock after purchasing an additional 238 shares during the quarter. Walt Disney comprises approximately 3.1% of Boyar Asset Management Inc.’s investment portfolio, making the stock its 7th biggest holding. Boyar Asset Management Inc.’s holdings in Walt Disney were worth $5,089,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. MFA Wealth Advisors LLC grew its holdings in Walt Disney by 15,362.6% in the third quarter. MFA Wealth Advisors LLC now owns 3,170,599 shares of the entertainment giant’s stock worth $3,370,000 after purchasing an additional 3,150,094 shares during the last quarter. Morgan Stanley grew its holdings in Walt Disney by 8.0% in the third quarter. Morgan Stanley now owns 35,294,697 shares of the entertainment giant’s stock worth $5,970,803,000 after purchasing an additional 2,628,220 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Walt Disney by 41.6% in the third quarter. Janus Henderson Group PLC now owns 8,281,827 shares of the entertainment giant’s stock worth $1,401,029,000 after purchasing an additional 2,432,759 shares during the last quarter. Crake Asset Management LLP grew its holdings in Walt Disney by 1,733.1% in the third quarter. Crake Asset Management LLP now owns 1,525,172 shares of the entertainment giant’s stock worth $258,013,000 after purchasing an additional 1,441,972 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of Walt Disney by 13.2% during the third quarter. UBS Asset Management Americas Inc. now owns 10,694,019 shares of the entertainment giant’s stock worth $1,809,107,000 after buying an additional 1,247,212 shares during the period. 64.17% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Brent Woodford sold 226 shares of the company’s stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $132.50, for a total transaction of $29,945.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by corporate insiders.

Shares of DIS stock traded up $3.02 during mid-day trading on Friday, hitting $107.33. 16,684,288 shares of the stock were exchanged, compared to its average volume of 13,015,351. The firm has a fifty day moving average of $127.36 and a 200 day moving average of $144.05. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. The Walt Disney Company has a 52-week low of $99.47 and a 52-week high of $187.58. The company has a market cap of $195.41 billion, a PE ratio of 74.02, a price-to-earnings-growth ratio of 1.05 and a beta of 1.21.

Walt Disney (NYSE:DISGet Rating) last released its quarterly earnings results on Wednesday, May 11th. The entertainment giant reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.13). Walt Disney had a return on equity of 6.26% and a net margin of 4.22%. During the same quarter last year, the company posted $0.79 EPS. Equities analysts predict that The Walt Disney Company will post 4.49 EPS for the current year.

Several research firms have recently commented on DIS. KeyCorp lowered their price objective on shares of Walt Disney from $216.00 to $151.00 in a research note on Thursday. Atlantic Securities lowered their price objective on shares of Walt Disney from $172.00 to $167.00 and set a “neutral” rating for the company in a research note on Thursday, February 10th. Truist Financial lowered their price objective on shares of Walt Disney from $200.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, March 16th. Rosenblatt Securities began coverage on shares of Walt Disney in a research note on Tuesday, April 19th. They set a “buy” rating and a $177.00 price objective for the company. Finally, StockNews.com downgraded shares of Walt Disney from a “hold” rating to a “sell” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $175.65.

About Walt Disney (Get Rating)

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

See Also

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

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