Alps Advisors Inc. Sells 6,295 Shares of Walt Disney Co (DIS)

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Alps Advisors Inc. trimmed its stake in Walt Disney Co (NYSE:DIS) by 68.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 2,893 shares of the entertainment giant’s stock after selling 6,295 shares during the quarter. Alps Advisors Inc.’s holdings in Walt Disney were worth $311,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DIS. Private Trust Co. NA increased its position in Walt Disney by 2.5% during the 2nd quarter. Private Trust Co. NA now owns 20,133 shares of the entertainment giant’s stock valued at $2,110,000 after buying an additional 483 shares in the last quarter. Live Your Vision LLC increased its position in Walt Disney by 91.6% during the 2nd quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock valued at $113,000 after buying an additional 500 shares in the last quarter. North Star Investment Management Corp. increased its position in Walt Disney by 1.5% during the 2nd quarter. North Star Investment Management Corp. now owns 34,332 shares of the entertainment giant’s stock valued at $3,598,000 after buying an additional 500 shares in the last quarter. Benin Management CORP increased its position in Walt Disney by 2.0% during the 2nd quarter. Benin Management CORP now owns 25,622 shares of the entertainment giant’s stock valued at $2,686,000 after buying an additional 500 shares in the last quarter. Finally, Strategic Financial Group LLC increased its position in Walt Disney by 14.6% during the 2nd quarter. Strategic Financial Group LLC now owns 3,927 shares of the entertainment giant’s stock valued at $412,000 after buying an additional 500 shares in the last quarter. 67.56% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Brent Woodford sold 768 shares of the company’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $104.35, for a total value of $80,140.80. Following the sale, the executive vice president now owns 28,493 shares in the company, valued at $2,973,244.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mary Jayne Parker sold 130,074 shares of the company’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $114.99, for a total value of $14,957,209.26. Following the completion of the sale, the executive vice president now owns 43,048 shares in the company, valued at approximately $4,950,089.52. The disclosure for this sale can be found here. Insiders sold 710,002 shares of company stock worth $80,514,432 in the last 90 days. Company insiders own 0.38% of the company’s stock.

Shares of DIS opened at $109.87 on Thursday. Walt Disney Co has a 52 week low of $96.20 and a 52 week high of $117.90. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $166.60 billion, a PE ratio of 19.36, a P/E/G ratio of 1.48 and a beta of 1.31.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.10). Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. The company had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.49 billion. During the same quarter in the previous year, the company earned $1.58 EPS. research analysts predict that Walt Disney Co will post 6.92 EPS for the current fiscal year.

A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Walt Disney from a “sell” rating to a “hold” rating in a report on Friday, August 24th. Royal Bank of Canada reissued a “buy” rating and issued a $140.00 price objective on shares of Walt Disney in a report on Wednesday, August 8th. Imperial Capital increased their price objective on Walt Disney from $108.00 to $112.00 and gave the company an “inline” rating in a report on Wednesday, August 8th. BMO Capital Markets increased their price objective on Walt Disney from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Wednesday, August 8th. Finally, Bank of America set a $144.00 price objective on Walt Disney and gave the company a “buy” rating in a report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the stock. Walt Disney currently has an average rating of “Hold” and an average price target of $118.47.

Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

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

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