Walt Disney Co (DIS) is Taylor Hoffman Wealth Management’s 10th Largest Position

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Taylor Hoffman Wealth Management lifted its holdings in Walt Disney Co (NYSE:DIS) by 24.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 22,623 shares of the entertainment giant’s stock after acquiring an additional 4,467 shares during the quarter. Walt Disney makes up about 2.1% of Taylor Hoffman Wealth Management’s holdings, making the stock its 10th largest holding. Taylor Hoffman Wealth Management’s holdings in Walt Disney were worth $2,371,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in DIS. American Century Companies Inc. lifted its position in shares of Walt Disney by 53.4% in the 1st quarter. American Century Companies Inc. now owns 3,604,766 shares of the entertainment giant’s stock worth $362,063,000 after purchasing an additional 1,255,464 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Walt Disney in the 4th quarter worth approximately $131,539,000. Cornerstone Wealth Management LLC lifted its position in shares of Walt Disney by 10,630.8% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,022,536 shares of the entertainment giant’s stock worth $9,705,000 after purchasing an additional 1,013,007 shares during the period. SG Americas Securities LLC lifted its position in shares of Walt Disney by 512.5% in the 1st quarter. SG Americas Securities LLC now owns 1,137,319 shares of the entertainment giant’s stock worth $114,232,000 after purchasing an additional 951,642 shares during the period. Finally, Schroder Investment Management Group lifted its position in shares of Walt Disney by 73.7% in the 1st quarter. Schroder Investment Management Group now owns 2,174,764 shares of the entertainment giant’s stock worth $218,434,000 after purchasing an additional 923,048 shares during the period. 67.57% of the stock is owned by hedge funds and other institutional investors.

NYSE: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 debt-to-equity ratio of 0.35, a current ratio of 0.88 and a quick ratio of 0.81. The company has a market cap of $166.60 billion, a P/E ratio of 19.28, a PEG ratio of 1.48 and a beta of 1.31.

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

In other Walt Disney news, Chairman Robert A. Iger sold 437,679 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $115.00, for a total transaction of $50,333,085.00. Following the transaction, the chairman now owns 1,498,871 shares in the company, valued at approximately $172,370,165. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brent Woodford sold 768 shares of the company’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $104.35, for a total transaction of $80,140.80. Following the transaction, the executive vice president now owns 28,493 shares in the company, valued at approximately $2,973,244.55. The disclosure for this sale can be found here. Insiders have sold a total of 710,002 shares of company stock worth $80,514,432 in the last 90 days. 0.38% of the stock is currently owned by company insiders.

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

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 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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