ProVise Management Group LLC Lowers Holdings in The Walt Disney Company (DIS)

ProVise Management Group LLC reduced its stake in shares of The Walt Disney Company (NYSE:DIS) by 20.5% in the fourth quarter, Holdings Channel reports. The firm owned 9,028 shares of the entertainment giant’s stock after selling 2,328 shares during the period. ProVise Management Group LLC’s holdings in The Walt Disney were worth $970,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of DIS. Janus Henderson Group PLC increased its holdings in shares of The Walt Disney by 929.6% in the second quarter. Janus Henderson Group PLC now owns 5,410,942 shares of the entertainment giant’s stock valued at $574,907,000 after purchasing an additional 4,885,398 shares during the period. AJO LP increased its holdings in shares of The Walt Disney by 12,331.6% in the second quarter. AJO LP now owns 3,300,335 shares of the entertainment giant’s stock valued at $350,661,000 after purchasing an additional 3,273,787 shares during the period. Vanguard Group Inc. increased its holdings in shares of The Walt Disney by 2.2% in the second quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after purchasing an additional 2,131,932 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of The Walt Disney by 247.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,644,700 shares of the entertainment giant’s stock valued at $280,999,000 after purchasing an additional 1,884,600 shares during the period. Finally, Nordea Investment Management AB increased its holdings in shares of The Walt Disney by 48.7% in the second quarter. Nordea Investment Management AB now owns 5,313,513 shares of the entertainment giant’s stock valued at $564,561,000 after purchasing an additional 1,740,128 shares during the period. Hedge funds and other institutional investors own 62.58% of the company’s stock.

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Shares of The Walt Disney stock opened at $100.24 on Tuesday. The Walt Disney Company has a one year low of $96.20 and a one year high of $116.10. The company has a market cap of $150,893.89, a P/E ratio of 17.59, a P/E/G ratio of 1.57 and a beta of 1.30. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43.

The Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, February 6th. The entertainment giant reported $1.89 EPS for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.28. The Walt Disney had a return on equity of 20.44% and a net margin of 19.61%. The firm had revenue of $15.35 billion for the quarter, compared to the consensus estimate of $15.47 billion. During the same quarter last year, the business posted $1.55 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. research analysts predict that The Walt Disney Company will post 6.92 earnings per share for the current year.

DIS has been the topic of a number of research reports. Vetr raised The Walt Disney from a “hold” rating to a “buy” rating and set a $115.53 price objective on the stock in a report on Tuesday, January 16th. Bank of America reissued a “buy” rating and issued a $144.00 price objective (up from $130.00) on shares of The Walt Disney in a report on Wednesday, January 10th. Rosenblatt Securities raised The Walt Disney from a “neutral” rating to a “buy” rating and raised their target price for the stock from $115.00 to $130.00 in a report on Wednesday, January 3rd. Credit Suisse Group reaffirmed a “buy” rating on shares of The Walt Disney in a report on Friday, December 22nd. Finally, Macquarie set a $125.00 price objective on The Walt Disney and gave the company a “buy” rating in a report on Tuesday, February 6th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $118.70.

In related news, Director Aylwin B. Lewis sold 1,797 shares of The Walt Disney stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $108.39, for a total transaction of $194,776.83. Following the transaction, the director now owns 85,636 shares in the company, valued at $9,282,086.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.38% of the company’s stock.

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

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