Douglas Lane & Associates LLC lifted its holdings in shares of Walt Disney Co (NYSE:DIS) by 82.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 211,981 shares of the entertainment giant’s stock after buying an additional 95,679 shares during the period. Douglas Lane & Associates LLC’s holdings in Walt Disney were worth $24,789,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in DIS. LVM Capital Management Ltd. MI grew its position in Walt Disney by 1.5% in the 3rd quarter. LVM Capital Management Ltd. MI now owns 87,578 shares of the entertainment giant’s stock worth $10,241,000 after purchasing an additional 1,305 shares during the last quarter. Visionary Asset Management Inc. grew its position in Walt Disney by 106.2% in the 3rd quarter. Visionary Asset Management Inc. now owns 4,099 shares of the entertainment giant’s stock worth $479,000 after purchasing an additional 2,111 shares during the last quarter. Jaffetilchin Investment Partners LLC grew its position in Walt Disney by 31.2% in the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 15,192 shares of the entertainment giant’s stock worth $1,777,000 after purchasing an additional 3,612 shares during the last quarter. Windsor Group LTD bought a new position in Walt Disney in the 3rd quarter worth about $204,000. Finally, Franklin Street Advisors Inc. NC grew its position in Walt Disney by 2.7% in the 3rd quarter. Franklin Street Advisors Inc. NC now owns 98,381 shares of the entertainment giant’s stock worth $11,505,000 after purchasing an additional 2,589 shares during the last quarter. 63.15% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Brent Woodford sold 952 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $111.87, for a total transaction of $106,500.24. Following the completion of the sale, the executive vice president now directly owns 26,698 shares of the company’s stock, valued at $2,986,705.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mary Jayne Parker sold 29,192 shares of the stock in a transaction that occurred on Wednesday, October 3rd. The shares were sold at an average price of $117.99, for a total transaction of $3,444,364.08. Following the sale, the executive vice president now directly owns 29,199 shares of the company’s stock, valued at $3,445,190.01. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,105 shares of company stock valued at $3,663,359. Company insiders own 0.38% of the company’s stock.
DIS has been the subject of several recent analyst reports. Morgan Stanley upped their target price on shares of Walt Disney from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, October 15th. Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Monday, September 10th. Barclays upgraded shares of Walt Disney from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $104.00 to $130.00 in a report on Friday, October 19th. Pivotal Research reiterated a “sell” rating and issued a $95.00 price objective on shares of Walt Disney in a report on Sunday, September 23rd. Finally, B. Riley decreased their price objective on shares of Walt Disney from $123.00 to $121.00 and set a “buy” rating for the company in a report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $120.99.
DIS stock opened at $116.71 on Wednesday. Walt Disney Co has a 12 month low of $97.68 and a 12 month high of $119.69. The company has a market cap of $171.30 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 1.45 and a beta of 1.17. 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 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 business had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same period in the prior year, the company earned $1.58 earnings per share. Equities analysts predict that Walt Disney Co will post 6.92 earnings per share for the current fiscal year.
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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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