Walt Disney Co (NYSE:DIS) Holdings Trimmed by 1832 Asset Management L.P.

1832 Asset Management L.P. lowered its stake in shares of Walt Disney Co (NYSE:DIS) by 15.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,819 shares of the entertainment giant’s stock after selling 18,354 shares during the period. 1832 Asset Management L.P.’s holdings in Walt Disney were worth $10,918,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Stockman Wealth Management Inc. grew its holdings in Walt Disney by 1.0% during the 4th quarter. Stockman Wealth Management Inc. now owns 9,392 shares of the entertainment giant’s stock valued at $1,030,000 after purchasing an additional 95 shares in the last quarter. First National Bank of Hutchinson grew its holdings in Walt Disney by 4.0% during the 4th quarter. First National Bank of Hutchinson now owns 2,527 shares of the entertainment giant’s stock valued at $277,000 after purchasing an additional 97 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV grew its holdings in Walt Disney by 0.8% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 13,091 shares of the entertainment giant’s stock valued at $1,435,000 after purchasing an additional 100 shares in the last quarter. Inspirion Wealth Advisors LLC grew its holdings in Walt Disney by 5.3% during the 4th quarter. Inspirion Wealth Advisors LLC now owns 1,987 shares of the entertainment giant’s stock valued at $218,000 after purchasing an additional 100 shares in the last quarter. Finally, Sonata Capital Group Inc. grew its holdings in Walt Disney by 4.1% during the 4th quarter. Sonata Capital Group Inc. now owns 2,532 shares of the entertainment giant’s stock valued at $278,000 after purchasing an additional 100 shares in the last quarter. 64.23% of the stock is currently owned by institutional investors.

Shares of DIS stock opened at $135.08 on Wednesday. The firm has a market cap of $248.43 billion, a price-to-earnings ratio of 19.08, a P/E/G ratio of 3.68 and a beta of 0.97. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 0.36. Walt Disney Co has a 1-year low of $100.35 and a 1-year high of $142.37.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.02. The company had revenue of $14.92 billion during the quarter, compared to analyst estimates of $14.53 billion. Walt Disney had a net margin of 22.55% and a return on equity of 15.67%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the business earned $1.84 EPS. Equities analysts forecast that Walt Disney Co will post 6.67 earnings per share for the current fiscal year.

In other news, EVP Zenia B. Mucha sold 33,000 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $128.88, for a total value of $4,253,040.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Brent Woodford sold 4,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $135.24, for a total transaction of $540,960.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,200 shares of company stock valued at $5,098,106. 0.36% of the stock is owned by company insiders.

A number of research firms recently weighed in on DIS. Citigroup reaffirmed a “buy” rating and set a $160.00 price target (up from $132.00) on shares of Walt Disney in a report on Thursday, June 6th. Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Tuesday, May 21st. Credit Suisse Group raised their price target on shares of Walt Disney from $114.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, May 9th. BMO Capital Markets raised their price target on shares of Walt Disney from $140.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. Finally, Imperial Capital raised their price objective on shares of Walt Disney from $139.00 to $147.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $142.36.

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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 cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

Further Reading: P/E Growth (PEG)

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

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