Wealthfront Advisers LLC Decreases Stock Position in Walt Disney Co (NYSE:DIS)

Wealthfront Advisers LLC reduced its position in Walt Disney Co (NYSE:DIS) by 6.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,304 shares of the entertainment giant’s stock after selling 4,646 shares during the quarter. Wealthfront Advisers LLC’s holdings in Walt Disney were worth $8,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in DIS. Marshall Wace LLP grew its position in shares of Walt Disney by 571.8% in the second quarter. Marshall Wace LLP now owns 1,168,468 shares of the entertainment giant’s stock valued at $163,166,000 after purchasing an additional 994,529 shares in the last quarter. Koshinski Asset Management Inc. grew its position in shares of Walt Disney by 6.4% in the second quarter. Koshinski Asset Management Inc. now owns 11,115 shares of the entertainment giant’s stock valued at $1,552,000 after purchasing an additional 667 shares in the last quarter. Halbert Hargrove Russell LLC purchased a new position in shares of Walt Disney in the second quarter valued at $599,000. Markel Corp grew its position in shares of Walt Disney by 0.9% in the second quarter. Markel Corp now owns 1,823,000 shares of the entertainment giant’s stock valued at $254,564,000 after purchasing an additional 16,500 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC purchased a new position in shares of Walt Disney in the second quarter valued at $15,573,000. 68.47% of the stock is owned by institutional investors and hedge funds.

DIS stock traded up $1.12 during mid-day trading on Wednesday, hitting $130.88. 4,481,045 shares of the stock were exchanged, compared to its average volume of 8,294,978. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.70 and a quick ratio of 0.67. The business has a fifty day moving average price of $133.63 and a 200 day moving average price of $134.77. Walt Disney Co has a 12 month low of $100.35 and a 12 month high of $147.15. The stock has a market capitalization of $237.28 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 4.36 and a beta of 0.96.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.41). Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. The firm had revenue of $20.25 billion for the quarter, compared to the consensus estimate of $21.40 billion. During the same period last year, the firm earned $1.87 EPS. The company’s revenue for the quarter was up 32.9% on a year-over-year basis. As a group, equities analysts forecast that Walt Disney Co will post 5.74 EPS for the current fiscal year.

In other Walt Disney news, EVP Brent Woodford sold 2,200 shares of Walt Disney stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $146.68, for a total transaction of $322,696.00. Following the completion of the sale, the executive vice president now owns 34,679 shares of the company’s stock, valued at $5,086,715.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.36% of the company’s stock.

Several research firms recently issued reports on DIS. Bank of America set a $168.00 price objective on Walt Disney and gave the company a “buy” rating in a research note on Monday, June 24th. ValuEngine lowered Walt Disney from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Imperial Capital dropped their price objective on Walt Disney from $140.00 to $139.00 and set an “in-line” rating for the company in a research note on Thursday, September 19th. Sanford C. Bernstein set a $130.00 price objective on Walt Disney and gave the company a “hold” rating in a research note on Thursday, September 12th. Finally, Morgan Stanley set a $160.00 price objective on Walt Disney and gave the company a “buy” rating in a research note on Friday, August 2nd. Seven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Walt Disney currently has an average rating of “Buy” and a consensus price target of $151.31.

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.

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

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