Westbourne Investment Advisors Inc. lifted its stake in Walt Disney Co (NYSE:DIS) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,250 shares of the entertainment giant’s stock after purchasing an additional 385 shares during the quarter. Walt Disney comprises 1.2% of Westbourne Investment Advisors Inc.’s portfolio, making the stock its 25th biggest holding. Westbourne Investment Advisors Inc.’s holdings in Walt Disney were worth $1,596,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the company. Lathrop Investment Management Corp lifted its stake in shares of Walt Disney by 0.9% during the 3rd quarter. Lathrop Investment Management Corp now owns 116,925 shares of the entertainment giant’s stock worth $15,238,000 after acquiring an additional 1,087 shares during the last quarter. Nippon Life Global Investors Americas Inc. lifted its stake in shares of Walt Disney by 4.8% during the 3rd quarter. Nippon Life Global Investors Americas Inc. now owns 68,220 shares of the entertainment giant’s stock worth $8,890,000 after acquiring an additional 3,100 shares during the last quarter. St. Johns Investment Management Company LLC lifted its stake in shares of Walt Disney by 5.8% during the 3rd quarter. St. Johns Investment Management Company LLC now owns 16,034 shares of the entertainment giant’s stock worth $2,090,000 after acquiring an additional 873 shares during the last quarter. Jacobsen Capital Management lifted its stake in shares of Walt Disney by 2.9% during the 3rd quarter. Jacobsen Capital Management now owns 10,361 shares of the entertainment giant’s stock worth $1,350,000 after acquiring an additional 296 shares during the last quarter. Finally, Aldebaran Financial Inc. lifted its stake in shares of Walt Disney by 0.7% during the 3rd quarter. Aldebaran Financial Inc. now owns 33,118 shares of the entertainment giant’s stock worth $4,291,000 after acquiring an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 68.45% of the company’s stock.
In other news, EVP Brent Woodford sold 2,200 shares of Walt Disney stock in a transaction on Monday, July 29th. The stock was sold at an average price of $146.68, for a total value of $322,696.00. Following the transaction, the executive vice president now directly owns 34,679 shares in the company, valued at approximately $5,086,715.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.36% of the company’s stock.
A number of equities research analysts recently issued reports on the company. Moffett Nathanson set a $150.00 price target on Walt Disney and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Wells Fargo & Co assumed coverage on Walt Disney in a research note on Monday, September 23rd. They set an “outperform” rating and a $173.00 price target for the company. JPMorgan Chase & Co. set a $150.00 price target on Walt Disney and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Zacks Investment Research raised Walt Disney from a “strong sell” rating to a “hold” rating and set a $120.00 target price for the company in a research report on Tuesday, July 9th. Finally, Morgan Stanley set a $160.00 target price on Walt Disney and gave the company a “buy” rating in a research report on Friday, August 2nd. Seven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Walt Disney has a consensus rating of “Buy” and an average price target of $151.31.
Shares of NYSE:DIS traded down $0.99 on Wednesday, reaching $131.41. The company had a trading volume of 2,926,047 shares, compared to its average volume of 7,251,470. Walt Disney Co has a 52-week low of $100.35 and a 52-week high of $147.15. The firm’s 50 day simple moving average is $132.94 and its 200-day simple moving average is $135.47. The firm has a market capitalization of $236.11 billion, a PE ratio of 18.56, a PEG ratio of 4.37 and a beta of 0.96. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 0.38.
Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.41). Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. The company had revenue of $20.25 billion during the quarter, compared to analysts’ expectations of $21.40 billion. During the same quarter in the prior year, the business posted $1.87 earnings per share. The company’s revenue was up 32.9% compared to the same quarter last year. As a group, equities research analysts predict that Walt Disney Co will post 5.74 earnings per share for the current 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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