The Walt Disney Company (NYSE:DIS) Position Trimmed by Nottingham Advisors Inc.

Nottingham Advisors Inc. lessened its position in The Walt Disney Company (NYSE:DIS) by 38.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,376 shares of the entertainment giant’s stock after selling 876 shares during the quarter. Nottingham Advisors Inc.’s holdings in The Walt Disney were worth $242,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in shares of The Walt Disney by 3.1% in the 1st quarter. Geode Capital Management LLC now owns 27,115,787 shares of the entertainment giant’s stock valued at $4,988,460,000 after acquiring an additional 823,137 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of The Walt Disney by 8.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,179,052 shares of the entertainment giant’s stock valued at $3,907,959,000 after acquiring an additional 1,685,039 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of The Walt Disney by 3.7% in the 2nd quarter. Fisher Asset Management LLC now owns 10,725,272 shares of the entertainment giant’s stock valued at $1,885,181,000 after acquiring an additional 381,103 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of The Walt Disney by 3.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 9,613,857 shares of the entertainment giant’s stock valued at $1,773,949,000 after acquiring an additional 323,467 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of The Walt Disney by 0.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,817,046 shares of the entertainment giant’s stock valued at $1,374,002,000 after acquiring an additional 61,213 shares in the last quarter. Institutional investors and hedge funds own 64.10% of the company’s stock.

Shares of NYSE:DIS traded up $1.59 during trading on Wednesday, hitting $183.99. 290,782 shares of the company’s stock were exchanged, compared to its average volume of 9,566,108. The Walt Disney Company has a 1-year low of $117.23 and a 1-year high of $203.02. The firm has a 50-day moving average price of $178.78 and a two-hundred day moving average price of $181.34. The company has a current ratio of 1.24, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The firm has a market cap of $334.33 billion, a P/E ratio of 299.02, a PEG ratio of 3.50 and a beta of 1.19.

The Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, August 12th. The entertainment giant reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.23. The company had revenue of $17.02 billion during the quarter, compared to analysts’ expectations of $16.82 billion. The Walt Disney had a net margin of 1.77% and a return on equity of 3.78%. During the same quarter in the prior year, the company earned $0.08 earnings per share. As a group, research analysts predict that The Walt Disney Company will post 2.45 EPS for the current year.

Several equities research analysts recently commented on DIS shares. BMO Capital Markets upped their price target on shares of The Walt Disney from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Friday, August 13th. Wolfe Research reiterated an “outperform” rating and issued a $226.00 target price on shares of The Walt Disney in a research report on Thursday, June 10th. Zacks Investment Research downgraded shares of The Walt Disney from a “buy” rating to a “hold” rating and set a $185.00 target price for the company. in a research report on Wednesday, August 18th. Barclays increased their target price on shares of The Walt Disney from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, August 13th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of The Walt Disney from $213.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, August 27th. Four equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $208.56.

In other The Walt Disney news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction dated Friday, August 13th. The shares were sold at an average price of $186.57, for a total transaction of $1,492,560.00. Following the sale, the executive vice president now directly owns 42,620 shares in the company, valued at $7,951,613.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert A. Chapek sold 10,587 shares of the stock in a transaction dated Tuesday, August 31st. The stock was sold at an average price of $182.00, for a total transaction of $1,926,834.00. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

The Walt Disney Profile

The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Media Networks, Parks, Experiences and Products, Studio Entertainment and Direct-to-Consumer and International (DTCI). The Media Networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, radio networks and stations.

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

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