Highstreet Asset Management Inc. Raises Holdings in Walt Disney Co (DIS)

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Highstreet Asset Management Inc. boosted its holdings in shares of Walt Disney Co (NYSE:DIS) by 154.1% during the 2nd quarter, Holdings Channel reports. The firm owned 3,651 shares of the entertainment giant’s stock after purchasing an additional 2,214 shares during the period. Highstreet Asset Management Inc.’s holdings in Walt Disney were worth $383,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of DIS. Dimensional Fund Advisors LP grew its position in Walt Disney by 22.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,228,738 shares of the entertainment giant’s stock worth $652,841,000 after purchasing an additional 1,129,743 shares during the last quarter. Ruffer LLP grew its position in Walt Disney by 39.1% during the 2nd quarter. Ruffer LLP now owns 3,977,520 shares of the entertainment giant’s stock worth $417,261,000 after purchasing an additional 1,117,959 shares during the last quarter. Cornerstone Wealth Management LLC grew its position in Walt Disney by 10,630.8% during 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 last quarter. Schroder Investment Management Group grew its position in Walt Disney by 73.7% during 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 last quarter. Finally, Sustainable Growth Advisers LP grew its position in Walt Disney by 81.5% during the 1st quarter. Sustainable Growth Advisers LP now owns 1,951,121 shares of the entertainment giant’s stock worth $195,971,000 after purchasing an additional 875,955 shares during the last quarter. 63.04% of the stock is currently owned by institutional investors.

DIS stock opened at $116.19 on Wednesday. Walt Disney Co has a one year low of $96.89 and a one year high of $118.10. The firm has a market capitalization of $173.92 billion, a PE ratio of 20.38, a PEG ratio of 1.55 and a beta of 1.29. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 0.35.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.97 by ($0.10). Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. The firm had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.49 billion. During the same quarter last year, the business posted $1.58 EPS. As a group, research analysts expect that Walt Disney Co will post 6.92 EPS for the current year.

In other news, EVP Brent Woodford sold 843 shares of the firm’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $113.56, for a total value of $95,731.08. Following the completion of the sale, the executive vice president now owns 27,650 shares in the company, valued at approximately $3,139,934. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mary Jayne Parker sold 29,192 shares of the firm’s stock in a transaction on Wednesday, October 3rd. The stock was sold at an average price of $117.99, for a total transaction of $3,444,364.08. Following the completion of the sale, the executive vice president now owns 29,199 shares of the company’s stock, valued at approximately $3,445,190.01. The disclosure for this sale can be found here. Insiders sold a total of 599,701 shares of company stock valued at $69,049,384 in the last 90 days. Company insiders own 0.38% of the company’s stock.

Several brokerages have issued reports on DIS. Morgan Stanley raised their price objective on shares of Walt Disney from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday. Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research report on Monday, October 1st. Pivotal Research reissued a “sell” rating and set a $95.00 price objective on shares of Walt Disney in a research report on Sunday, September 23rd. Royal Bank of Canada reissued a “buy” rating and set a $140.00 price objective on shares of Walt Disney in a research report on Wednesday, August 8th. Finally, Imperial Capital raised their price objective 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. Walt Disney presently has a consensus rating of “Buy” and an average target price of $119.77.

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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