Chevy Chase Trust Holdings Inc. Grows Position in Walt Disney Co (DIS)
Chevy Chase Trust Holdings Inc. boosted its holdings in Walt Disney Co (NYSE:DIS) by 5.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,933,976 shares of the entertainment giant’s stock after purchasing an additional 104,751 shares during the quarter. Walt Disney comprises 0.9% of Chevy Chase Trust Holdings Inc.’s investment portfolio, making the stock its 23rd largest holding. Chevy Chase Trust Holdings Inc.’s holdings in Walt Disney were worth $190,634,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Janus Henderson Group PLC increased its stake in Walt Disney by 929.6% in the 2nd quarter. Janus Henderson Group PLC now owns 5,410,942 shares of the entertainment giant’s stock valued at $574,907,000 after buying an additional 4,885,398 shares during the period. AJO LP increased its stake in Walt Disney by 12,331.6% in the 2nd quarter. AJO LP now owns 3,300,335 shares of the entertainment giant’s stock valued at $350,661,000 after buying an additional 3,273,787 shares during the period. Vanguard Group Inc. increased its stake in Walt Disney by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after buying an additional 2,131,932 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Walt Disney by 247.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,644,700 shares of the entertainment giant’s stock valued at $280,999,000 after buying an additional 1,884,600 shares during the period. Finally, Nordea Investment Management AB increased its stake in Walt Disney by 48.7% in the 2nd quarter. Nordea Investment Management AB now owns 5,313,513 shares of the entertainment giant’s stock valued at $564,561,000 after buying an additional 1,740,128 shares during the period. Hedge funds and other institutional investors own 61.12% of the company’s stock.
DIS has been the topic of several recent research reports. Macquarie raised shares of Walt Disney from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $112.00 to $125.00 in a research note on Tuesday, January 2nd. Goldman Sachs Group boosted their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Pivotal Research reissued a “sell” rating and issued a $93.00 price objective (up from $91.00) on shares of Walt Disney in a research note on Tuesday, January 9th. Loop Capital reissued a “buy” rating and issued a $106.00 price objective on shares of Walt Disney in a research note on Monday, December 11th. Finally, Zacks Investment Research cut shares of Walt Disney from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $118.61.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.89 EPS for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.28. The firm had revenue of $15.35 billion for the quarter, compared to analysts’ expectations of $15.47 billion. Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.55 EPS. equities analysts anticipate that Walt Disney Co will post 6.8 earnings per share for the current year.
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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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