Renaissance Investment Group LLC Has $4.65 Million Holdings in Walt Disney Co (DIS)

Renaissance Investment Group LLC decreased its holdings in shares of Walt Disney Co (NYSE:DIS) by 16.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 43,212 shares of the entertainment giant’s stock after selling 8,487 shares during the quarter. Walt Disney comprises about 1.9% of Renaissance Investment Group LLC’s investment portfolio, making the stock its 28th biggest holding. Renaissance Investment Group LLC’s holdings in Walt Disney were worth $4,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of DIS. Janus Henderson Group PLC grew its position in shares of Walt Disney by 929.6% during 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 purchasing an additional 4,885,398 shares in the last quarter. AJO LP grew its position in shares of Walt Disney by 12,331.6% during the 2nd quarter. AJO LP now owns 3,300,335 shares of the entertainment giant’s stock valued at $350,661,000 after purchasing an additional 3,273,787 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Walt Disney by 2.2% during 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 purchasing an additional 2,131,932 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Walt Disney by 247.9% during 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 purchasing an additional 1,884,600 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in shares of Walt Disney by 48.7% during 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 purchasing an additional 1,740,128 shares in the last quarter. 61.23% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently commented on DIS. Piper Jaffray Companies set a $130.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research report on Tuesday, October 31st. JPMorgan Chase & Co. set a $125.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research report on Friday, November 10th. Rosenblatt Securities upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and boosted their price target for the company from $115.00 to $130.00 in a research report on Wednesday, January 3rd. Zacks Investment Research lowered shares of Walt Disney from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Finally, Vetr lowered shares of Walt Disney from a “buy” rating to a “hold” rating and set a $106.77 price target for the company. in a research report on Monday, November 13th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $118.59.

Shares of Walt Disney Co (DIS) opened at $105.98 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.87. Walt Disney Co has a 1 year low of $96.20 and a 1 year high of $116.10. The stock has a market cap of $160,186.61, a PE ratio of 17.64, a price-to-earnings-growth ratio of 1.82 and a beta of 1.30.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.28. Walt Disney had a net margin of 19.61% and a return on equity of 20.44%. The business had revenue of $15.35 billion during the quarter, compared to analyst estimates of $15.47 billion. During the same period in the prior year, the business posted $1.55 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. equities research analysts anticipate that Walt Disney Co will post 6.95 EPS for the current year.

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About Walt Disney

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

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