Regentatlantic Capital LLC reduced its stake in shares of Walt Disney Co (NYSE:DIS) by 3.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,686 shares of the entertainment giant’s stock after selling 4,464 shares during the quarter. Walt Disney comprises approximately 1.1% of Regentatlantic Capital LLC’s holdings, making the stock its 16th largest position. Regentatlantic Capital LLC’s holdings in Walt Disney were worth $16,510,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Amundi Pioneer Asset Management Inc. raised its position in shares of Walt Disney by 34.9% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 3,668,573 shares of the entertainment giant’s stock valued at $407,321,000 after acquiring an additional 949,047 shares in the last quarter. Neville Rodie & Shaw Inc. raised its position in shares of Walt Disney by 3.6% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 105,566 shares of the entertainment giant’s stock valued at $14,741,000 after acquiring an additional 3,669 shares in the last quarter. Bath Savings Trust Co raised its position in shares of Walt Disney by 1.7% during the 2nd quarter. Bath Savings Trust Co now owns 85,792 shares of the entertainment giant’s stock valued at $11,980,000 after acquiring an additional 1,456 shares in the last quarter. Thomasville National Bank raised its position in shares of Walt Disney by 1.4% during the 2nd quarter. Thomasville National Bank now owns 162,075 shares of the entertainment giant’s stock valued at $22,632,000 after acquiring an additional 2,276 shares in the last quarter. Finally, Private Trust Co. NA raised its position in shares of Walt Disney by 3.6% during the 2nd quarter. Private Trust Co. NA now owns 22,398 shares of the entertainment giant’s stock valued at $3,127,000 after acquiring an additional 783 shares in the last quarter. Hedge funds and other institutional investors own 68.45% of the company’s stock.
In related news, EVP Brent Woodford sold 2,200 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $146.68, for a total transaction of $322,696.00. Following the completion of the transaction, the executive vice president now owns 34,679 shares of the company’s stock, valued at $5,086,715.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.36% of the company’s stock.
DIS has been the topic of several research reports. Zacks Investment Research raised Walt Disney from a “strong sell” rating to a “hold” rating and set a $120.00 price target on the stock in a research report on Tuesday, July 9th. Credit Suisse Group restated a “buy” rating and set a $150.00 price objective on shares of Walt Disney in a research note on Thursday, August 8th. Wells Fargo & Co began coverage on Walt Disney in a research note on Monday, September 23rd. They set an “outperform” rating and a $173.00 price objective for the company. Morgan Stanley set a $160.00 price objective on Walt Disney and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Tigress Financial restated a “buy” rating on shares of Walt Disney in a research note on Monday, August 26th. Seven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $151.31.
Shares of NYSE:DIS traded down $1.20 on Wednesday, hitting $131.20. The company’s stock had a trading volume of 3,217,591 shares, compared to its average volume of 7,251,470. Walt Disney Co has a 12 month low of $100.35 and a 12 month high of $147.15. The company has a market capitalization of $236.11 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 4.37 and a beta of 0.96. The stock’s 50-day moving average is $132.94 and its two-hundred day moving average is $135.47. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.67 and a current ratio of 0.70.
Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.41). Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. The business had revenue of $20.25 billion during the quarter, compared to the consensus estimate of $21.40 billion. During the same period in the previous year, the company posted $1.87 EPS. The company’s revenue for the quarter was up 32.9% compared to the same quarter last year. Equities analysts expect that Walt Disney Co will post 5.74 earnings per share for the current fiscal year.
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 businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
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