Sheaff Brock Investment Advisors LLC lowered its stake in shares of Walt Disney Co (NYSE:DIS) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,698 shares of the entertainment giant’s stock after selling 1,319 shares during the quarter. Walt Disney comprises 0.9% of Sheaff Brock Investment Advisors LLC’s holdings, making the stock its 15th largest holding. Sheaff Brock Investment Advisors LLC’s holdings in Walt Disney were worth $8,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of DIS. Stoneridge Investment Partners LLC acquired a new stake in Walt Disney in the second quarter worth about $2,147,000. CWM LLC boosted its holdings in Walt Disney by 42.5% in the second quarter. CWM LLC now owns 6,739 shares of the entertainment giant’s stock worth $706,000 after acquiring an additional 2,009 shares in the last quarter. Hendershot Investments Inc. boosted its holdings in Walt Disney by 3.4% in the second quarter. Hendershot Investments Inc. now owns 90,841 shares of the entertainment giant’s stock worth $9,521,000 after acquiring an additional 3,010 shares in the last quarter. Bfsg LLC acquired a new stake in Walt Disney in the second quarter worth about $330,000. Finally, Commonwealth Equity Services LLC boosted its holdings in Walt Disney by 6.6% in the second quarter. Commonwealth Equity Services LLC now owns 660,345 shares of the entertainment giant’s stock worth $69,211,000 after acquiring an additional 40,841 shares in the last quarter. 67.57% of the stock is currently owned by institutional investors.
Shares of DIS stock opened at $110.26 on Friday. 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 $163.40 billion, a P/E ratio of 19.34, a P/E/G ratio of 1.45 and a beta of 1.31. Walt Disney Co has a twelve month low of $96.20 and a twelve month high of $117.90.
Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.10). The company had revenue of $15.23 billion for the quarter, compared to analysts’ expectations of $15.49 billion. Walt Disney had a net margin of 20.76% and a return on equity of 21.37%. During the same quarter in the prior year, the business posted $1.58 earnings per share. equities analysts predict that Walt Disney Co will post 6.92 earnings per share for the current year.
Several equities research analysts have 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 target on shares of Walt Disney in a report on Wednesday, August 8th. Imperial Capital raised their price objective on Walt Disney from $108.00 to $112.00 and gave the stock an “inline” rating in a research note on Wednesday, August 8th. BMO Capital Markets raised their price objective on Walt Disney from $100.00 to $110.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 8th. Finally, Bank of America set a $144.00 price objective on Walt Disney and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Walt Disney has a consensus rating of “Hold” and an average target price of $118.47.
In related news, Chairman Robert A. Iger sold 437,679 shares of Walt Disney stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $115.00, for a total transaction of $50,333,085.00. Following the completion of the transaction, the chairman now directly owns 1,498,871 shares in the company, valued at $172,370,165. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Brent Woodford sold 768 shares of Walt Disney stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $104.35, for a total value of $80,140.80. Following the transaction, the executive vice president now owns 28,493 shares of the company’s stock, valued at $2,973,244.55. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 710,954 shares of company stock valued at $80,620,932. 0.38% of the stock is owned by company insiders.
About Walt Disney
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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