Roof Eidam & Maycock ADV Reduces Stake in Walt Disney Co (NYSE:DIS)

Roof Eidam & Maycock ADV trimmed its stake in Walt Disney Co (NYSE:DIS) by 6.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,955 shares of the entertainment giant’s stock after selling 775 shares during the quarter. Roof Eidam & Maycock ADV’s holdings in Walt Disney were worth $1,558,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. New World Advisors LLC boosted its stake in Walt Disney by 17.8% in the third quarter. New World Advisors LLC now owns 1,883 shares of the entertainment giant’s stock valued at $245,000 after acquiring an additional 285 shares during the last quarter. Vestmark Advisory Solutions Inc. boosted its stake in Walt Disney by 0.7% in the third quarter. Vestmark Advisory Solutions Inc. now owns 25,740 shares of the entertainment giant’s stock valued at $3,354,000 after acquiring an additional 190 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Walt Disney by 32.0% in the third quarter. Tower Research Capital LLC TRC now owns 25,154 shares of the entertainment giant’s stock valued at $3,278,000 after acquiring an additional 6,102 shares during the last quarter. Knuff & Co LLC boosted its stake in Walt Disney by 3.5% in the third quarter. Knuff & Co LLC now owns 30,409 shares of the entertainment giant’s stock valued at $3,963,000 after acquiring an additional 1,040 shares during the last quarter. Finally, Veritas Investment Management LLP boosted its stake in Walt Disney by 99.0% in the third quarter. Veritas Investment Management LLP now owns 3,880 shares of the entertainment giant’s stock valued at $506,000 after acquiring an additional 1,930 shares during the last quarter. Hedge funds and other institutional investors own 68.42% of the company’s stock.

NYSE DIS traded down $1.64 during trading on Monday, hitting $136.32. The company had a trading volume of 6,997,327 shares, compared to its average volume of 7,565,782. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 0.38. Walt Disney Co has a one year low of $100.35 and a one year high of $147.15. The company has a market cap of $245.56 billion, a price-to-earnings ratio of 19.25, a price-to-earnings-growth ratio of 4.43 and a beta of 0.96. The company’s fifty day moving average is $131.00 and its 200-day moving average is $136.12.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Thursday, November 7th. The entertainment giant reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.12. Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. The business had revenue of $19.10 billion during the quarter, compared to analyst estimates of $19.02 billion. During the same period in the prior year, the business earned $1.48 EPS. The company’s revenue for the quarter was up 33.6% on a year-over-year basis. As a group, equities analysts anticipate that Walt Disney Co will post 5.74 EPS for the current year.

Several analysts have recently issued reports on the stock. UBS Group lowered their price target on shares of Walt Disney from $165.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Morgan Stanley set a $160.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research report on Friday, August 2nd. Wells Fargo & Co lowered their price target on shares of Walt Disney from $173.00 to $167.00 and set an “outperform” rating on the stock in a research report on Friday. JPMorgan Chase & Co. reissued a “buy” rating and issued a $150.00 price target on shares of Walt Disney in a research report on Friday. Finally, Argus boosted their price target on shares of Walt Disney to $160.00 and gave the company a “buy” rating in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Walt Disney presently has a consensus rating of “Buy” and a consensus price target of $152.05.

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.

Further Reading: Hedge Funds – Risk or Reward?

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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