Cypress Capital Management LLC Grows Position in The Walt Disney Company (NYSE:DIS)


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Cypress Capital Management LLC grew its stake in shares of The Walt Disney Company (NYSE:DIS) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,591 shares of the entertainment giant’s stock after purchasing an additional 928 shares during the quarter. Cypress Capital Management LLC’s holdings in The Walt Disney were worth $2,281,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Carl P. Sherr & Co. LLC raised its holdings in The Walt Disney by 1.1% in the fourth quarter. Carl P. Sherr & Co. LLC now owns 19,450 shares of the entertainment giant’s stock worth $3,524,000 after purchasing an additional 205 shares in the last quarter. IFG Advisory LLC increased its holdings in shares of The Walt Disney by 3.0% during the fourth quarter. IFG Advisory LLC now owns 22,766 shares of the entertainment giant’s stock valued at $4,124,000 after acquiring an additional 666 shares in the last quarter. Golden State Equity Partners bought a new position in shares of The Walt Disney during the fourth quarter valued at $431,000. Arrow Capital Management LLC bought a new position in shares of The Walt Disney during the fourth quarter valued at $23,768,000. Finally, Balentine LLC increased its holdings in shares of The Walt Disney by 4.2% during the fourth quarter. Balentine LLC now owns 4,104 shares of the entertainment giant’s stock valued at $744,000 after acquiring an additional 167 shares in the last quarter. 62.83% of the stock is owned by hedge funds and other institutional investors.

DIS opened at $191.76 on Tuesday. The business has a fifty day moving average of $178.00 and a 200 day moving average of $149.05. The Walt Disney Company has a 52-week low of $79.07 and a 52-week high of $194.02. The company has a quick ratio of 1.26, a current ratio of 1.32 and a debt-to-equity ratio of 0.60. The stock has a market cap of $348.10 billion, a P/E ratio of -120.60, a PEG ratio of 5.07 and a beta of 1.20.

The Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, February 10th. The entertainment giant reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.45) by $0.77. The Walt Disney had a positive return on equity of 4.05% and a negative net margin of 4.38%. Equities analysts anticipate that The Walt Disney Company will post 1.69 EPS for the current fiscal year.

Several equities research analysts recently commented on the company. Barclays lifted their price objective on The Walt Disney from $150.00 to $185.00 in a report on Friday, December 11th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on The Walt Disney from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, January 14th. UBS Group raised their target price on The Walt Disney from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, February 17th. Sanford C. Bernstein reaffirmed a “neutral” rating and set a $124.00 price objective on shares of The Walt Disney in a research report on Friday, February 12th. Finally, Truist initiated coverage on The Walt Disney in a research report on Thursday, December 10th. They set a “buy” rating and a $175.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $180.06.

In related news, EVP Zenia B. Mucha sold 797 shares of the company’s stock in a transaction on Wednesday, December 23rd. The stock was sold at an average price of $172.96, for a total transaction of $137,849.12. Following the completion of the sale, the executive vice president now directly owns 20,634 shares in the company, valued at approximately $3,568,856.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mary Jayne Parker sold 9,731 shares of the company’s stock in a transaction on Wednesday, December 2nd. The stock was sold at an average price of $152.99, for a total value of $1,488,745.69. Following the sale, the executive vice president now owns 9,731 shares of the company’s stock, valued at $1,488,745.69. The disclosure for this sale can be found here. Insiders sold a total of 1,079,704 shares of company stock valued at $192,927,683 over the last quarter. Company insiders own 0.31% of the company’s stock.

The Walt Disney Company Profile

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

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