Glen Harbor Capital Management LLC increased its stake in shares of Walt Disney Co (NYSE:DIS) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 721,140 shares of the entertainment giant’s stock after buying an additional 37,536 shares during the quarter. Walt Disney accounts for 1.6% of Glen Harbor Capital Management LLC’s investment portfolio, making the stock its 7th largest holding. Glen Harbor Capital Management LLC’s holdings in Walt Disney were worth $75,583,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in the stock. Trilogy Capital Inc. purchased a new position in shares of Walt Disney during the 1st quarter valued at $107,000. CSat Investment Advisory L.P. purchased a new position in shares of Walt Disney during the 2nd quarter valued at $112,000. Live Your Vision LLC lifted its position in shares of Walt Disney by 91.6% during the 2nd quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock valued at $113,000 after buying an additional 500 shares during the last quarter. BDO Wealth Advisors LLC lifted its position in shares of Walt Disney by 184.3% during the 1st quarter. BDO Wealth Advisors LLC now owns 1,140 shares of the entertainment giant’s stock valued at $114,000 after buying an additional 739 shares during the last quarter. Finally, Bruderman Asset Management LLC purchased a new position in shares of Walt Disney during the 1st quarter valued at $116,000. Institutional investors and hedge funds own 63.14% of the company’s stock.
In other Walt Disney news, EVP Brent Woodford sold 843 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $113.56, for a total value of $95,731.08. Following the sale, the executive vice president now owns 27,650 shares of the company’s stock, valued at approximately $3,139,934. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Robert A. Iger sold 437,679 shares of the firm’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $115.00, for a total value of $50,333,085.00. Following the completion of the sale, 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. In the last ninety days, insiders sold 599,701 shares of company stock worth $69,049,384. Insiders own 0.38% of the company’s stock.
A number of research analysts have recently commented on DIS shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $140.00 price target on shares of Walt Disney in a research report on Wednesday, August 8th. Bank of America set a $144.00 price target on Walt Disney and gave the company a “buy” rating in a research report on Wednesday, August 8th. B. Riley dropped their price target on Walt Disney from $123.00 to $121.00 and set a “buy” rating on the stock in a research report on Wednesday, August 8th. ValuEngine raised Walt Disney from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Zacks Investment Research raised Walt Disney from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $120.90.
Shares of DIS opened at $118.90 on Friday. The stock has a market cap of $172.79 billion, a P/E ratio of 20.86, a P/E/G ratio of 1.47 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 $96.89 and a 52-week high of $119.17.
Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share for the quarter, missing the 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 analysts’ expectations of $15.49 billion. During the same period in the previous year, the business earned $1.58 EPS. As a group, research analysts expect that Walt Disney Co will post 6.92 EPS for the current year.
About Walt Disney
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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