Wintrust Investments LLC cut its holdings in The Walt Disney Company (NYSE:DIS) by 15.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,780 shares of the entertainment giant’s stock after selling 4,589 shares during the quarter. Wintrust Investments LLC’s holdings in The Walt Disney were worth $4,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in DIS. Price T Rowe Associates Inc. MD increased its position in The Walt Disney by 8.6% during 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 purchasing an additional 1,685,039 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of The Walt Disney during the first quarter valued at about $259,279,000. Sustainable Growth Advisers LP increased its position in shares of The Walt Disney by 121.8% during the first quarter. Sustainable Growth Advisers LP now owns 2,479,196 shares of the entertainment giant’s stock valued at $457,462,000 after buying an additional 1,361,257 shares during the period. Mn Services Vermogensbeheer B.V. bought a new position in The Walt Disney in the second quarter worth about $198,012,000. Finally, Renaissance Technologies LLC purchased a new stake in The Walt Disney in the first quarter worth about $244,871,000. Institutional investors own 64.10% of the company’s stock.
Shares of DIS stock traded down $0.02 during mid-day trading on Wednesday, reaching $182.38. 199,021 shares of the company’s stock traded hands, compared to its average volume of 9,566,108. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.24. The firm has a market capitalization of $331.41 billion, a PE ratio of 299.02, a price-to-earnings-growth ratio of 3.50 and a beta of 1.19. The Walt Disney Company has a 12 month low of $117.23 and a 12 month 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.
In related news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction dated Friday, August 13th. The stock was sold at an average price of $186.57, for a total transaction of $1,492,560.00. Following the completion of the sale, the executive vice president now owns 42,620 shares in the company, valued at $7,951,613.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert A. Chapek sold 10,587 shares of the company’s stock in a transaction that occurred on Tuesday, August 31st. The stock was sold at an average price of $182.00, for a total value of $1,926,834.00. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.
DIS has been the subject of a number of research reports. BMO Capital Markets increased their price objective on The Walt Disney from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Friday, August 13th. Zacks Investment Research cut shares of The Walt Disney from a “buy” rating to a “hold” rating and set a $185.00 price objective on the stock. in a report on Wednesday, August 18th. Royal Bank of Canada lifted their target price on shares of The Walt Disney from $202.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, August 13th. Deutsche Bank Aktiengesellschaft dropped their price target on The Walt Disney from $213.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, August 27th. Finally, UBS Group raised their price target on The Walt Disney from $215.00 to $220.00 and gave the company a “buy” rating in a report on Friday, August 13th. Four investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $208.56.
The Walt Disney Company 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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