Diamond Hill Capital Management Inc. cut its holdings in shares of Walt Disney Co (NYSE:DIS) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,061,818 shares of the entertainment giant’s stock after selling 61,085 shares during the period. Diamond Hill Capital Management Inc. owned 0.14% of Walt Disney worth $241,109,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in DIS. Phocas Financial Corp. grew its stake in shares of Walt Disney by 989,639.9% in the second quarter. Phocas Financial Corp. now owns 67,054,876 shares of the entertainment giant’s stock valued at $703,000 after buying an additional 67,048,101 shares in the last quarter. FMR LLC grew its stake in shares of Walt Disney by 1.5% in the third quarter. FMR LLC now owns 26,397,731 shares of the entertainment giant’s stock valued at $3,086,951,000 after buying an additional 382,573 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Walt Disney by 3.1% in the third quarter. Alliancebernstein L.P. now owns 6,915,288 shares of the entertainment giant’s stock valued at $808,674,000 after buying an additional 204,879 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Walt Disney by 22.2% during the second quarter. Dimensional Fund Advisors LP now owns 6,228,738 shares of the entertainment giant’s stock worth $652,841,000 after purchasing an additional 1,129,743 shares during the period. Finally, Eaton Vance Management boosted its position in Walt Disney by 5.7% during the third quarter. Eaton Vance Management now owns 5,986,111 shares of the entertainment giant’s stock worth $700,016,000 after purchasing an additional 325,309 shares during the period. Institutional investors own 62.99% of the company’s stock.
In other Walt Disney news, EVP Brent Woodford sold 2,000 shares of Walt Disney stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $113.60, for a total value of $227,200.00. Following the transaction, the executive vice president now owns 26,517 shares in the company, valued at $3,012,331.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Alan N. Braverman sold 1,153 shares of Walt Disney stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $107.70, for a total value of $124,178.10. Following the completion of the transaction, the executive vice president now owns 106,390 shares in the company, valued at approximately $11,458,203. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,648 shares of company stock worth $1,616,684. Company insiders own 0.36% of the company’s stock.
A number of equities analysts have commented on the stock. B. Riley reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Friday, November 9th. Zacks Investment Research cut shares of Walt Disney from a “hold” rating to a “sell” rating in a research report on Monday, December 17th. Argus lifted their price objective on shares of Walt Disney from $129.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, November 12th. Morgan Stanley lifted their target price on Walt Disney from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, October 15th. Finally, Wolfe Research initiated coverage on Walt Disney in a report on Friday, December 7th. They set an “outperform” rating for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $124.84.
DIS stock traded up $0.56 during midday trading on Friday, reaching $111.51. The company had a trading volume of 6,343,495 shares, compared to its average volume of 7,319,098. The company has a market cap of $166.24 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 2.68 and a beta of 0.96. Walt Disney Co has a 1-year low of $97.68 and a 1-year high of $120.20. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 0.32.
Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.27. Walt Disney had a return on equity of 20.50% and a net margin of 18.46%. The business had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.20 billion. During the same quarter in the previous year, the firm earned $1.89 earnings per share. Walt Disney’s revenue for the quarter was down .3% compared to the same quarter last year. On average, analysts anticipate that Walt Disney Co will post 7.11 EPS 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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