3,765 Shares in Walt Disney Co (NYSE:DIS) Purchased by Highland Private Wealth Management

3,765 Shares in Walt Disney Co (NYSE:DIS) Purchased by Highland Private Wealth Management

Highland Private Wealth Management bought a new position in Walt Disney Co (NYSE:DIS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,765 shares of the entertainment giant’s stock, valued at approximately $395,000.

A number of other large investors also recently added to or reduced their stakes in DIS. Schwab Charles Investment Management Inc. increased its holdings in Walt Disney by 4.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 5,806,992 shares of the entertainment giant’s stock worth $583,255,000 after buying an additional 235,031 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Walt Disney by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,098,995 shares of the entertainment giant’s stock valued at $512,143,000 after purchasing an additional 57,262 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Walt Disney by 5.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,979,316 shares of the entertainment giant’s stock valued at $521,882,000 after purchasing an additional 254,293 shares during the period. Lindsell Train Ltd grew its stake in shares of Walt Disney by 8.4% during the 2nd quarter. Lindsell Train Ltd now owns 4,063,629 shares of the entertainment giant’s stock valued at $425,909,000 after purchasing an additional 315,050 shares during the period. Finally, Ruffer LLP grew its stake in shares of Walt Disney by 39.1% during the 2nd quarter. Ruffer LLP now owns 3,977,520 shares of the entertainment giant’s stock valued at $417,261,000 after purchasing an additional 1,117,959 shares during the period. Institutional investors and hedge funds own 63.04% of the company’s stock.

In other news, EVP Brent Woodford sold 952 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $111.87, for a total transaction of $106,500.24. Following the transaction, the executive vice president now owns 26,698 shares of the company’s stock, valued at approximately $2,986,705.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Robert A. Iger sold 437,679 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $115.00, for a total value of $50,333,085.00. Following the transaction, the chairman now directly owns 1,498,871 shares in the company, valued at approximately $172,370,165. The disclosure for this sale can be found here. Insiders sold a total of 599,701 shares of company stock worth $69,049,384 in the last ninety days. 0.38% of the stock is currently owned by corporate insiders.

NYSE:DIS opened at $116.89 on Wednesday. Walt Disney Co has a fifty-two week low of $96.80 and a fifty-two week high of $118.10. The firm has a market cap of $173.92 billion, a P/E ratio of 20.39, a P/E/G ratio of 1.55 and a beta of 1.29. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.88.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data 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). The business had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.49 billion. Walt Disney had a net margin of 20.76% and a return on equity of 21.37%. During the same period last year, the company earned $1.58 EPS. Sell-side analysts forecast that Walt Disney Co will post 6.92 EPS for the current year.

A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. Pivotal Research restated a “sell” rating and set a $95.00 price target on shares of Walt Disney in a research note on Sunday, September 23rd. Royal Bank of Canada reiterated a “buy” rating and set a $140.00 price objective on shares of Walt Disney in a research note on Wednesday, August 8th. Imperial Capital boosted their price objective on Walt Disney from $108.00 to $112.00 and gave the company an “inline” rating in a research note on Wednesday, August 8th. Finally, BMO Capital Markets boosted their price objective on Walt Disney from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $119.54.

Walt Disney 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.

Further Reading: Compound Annual Growth Rate (CAGR)

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