Walt Disney Co (DIS) Shares Obtained by FTB Advisors Inc.

Walt Disney Co (DIS) Shares Obtained by FTB Advisors Inc.

FTB Advisors Inc. lifted its position in Walt Disney Co (NYSE:DIS) by 601.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 68,186 shares of the entertainment giant’s stock after purchasing an additional 58,472 shares during the period. FTB Advisors Inc.’s holdings in Walt Disney were worth $7,146,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. grew its stake in shares of Walt Disney by 4.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 5,806,992 shares of the entertainment giant’s stock valued at $583,255,000 after purchasing an additional 235,031 shares during the period. 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.

Shares of Walt Disney stock opened at $116.89 on Wednesday. The firm has a market capitalization of $173.92 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth 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 Co has a 52 week low of $96.80 and a 52 week high of $118.10.

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). 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 during the quarter, compared to the consensus estimate of $15.49 billion. During the same period last year, the company earned $1.58 EPS. On average, equities analysts expect that Walt Disney Co will post 6.92 EPS for the current fiscal 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 reiterated a “sell” rating and set a $95.00 price objective 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 target on Walt Disney from $100.00 to $110.00 and gave the stock a “market perform” rating in a report 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 assigned a buy rating to the company’s stock. Walt Disney presently has a consensus rating of “Buy” and an average target price of $119.54.

In other news, EVP Mary Jayne Parker sold 29,192 shares of the 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 transaction, the executive vice president now owns 29,199 shares of the company’s stock, valued at approximately $3,445,190.01. 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 have sold a total of 599,701 shares of company stock worth $69,049,384 in the last three months. Corporate insiders own 0.38% of the company’s stock.

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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