Appleton Partners Inc. MA Grows Holdings in The Walt Disney Company (NYSE:DIS)

Appleton Partners Inc. MA lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 2.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,351 shares of the entertainment giant’s stock after buying an additional 1,691 shares during the quarter. Appleton Partners Inc. MA’s holdings in The Walt Disney were worth $8,109,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of The Walt Disney by 7.8% during the 2nd quarter. Vanguard Group Inc. now owns 148,574,900 shares of the entertainment giant’s stock worth $16,567,587,000 after buying an additional 10,757,398 shares in the last quarter. State Street Corp grew its position in shares of The Walt Disney by 0.8% during the 1st quarter. State Street Corp now owns 74,952,278 shares of the entertainment giant’s stock worth $7,240,390,000 after buying an additional 565,404 shares in the last quarter. Morgan Stanley grew its position in shares of The Walt Disney by 16.7% during the 1st quarter. Morgan Stanley now owns 27,471,116 shares of the entertainment giant’s stock worth $2,653,710,000 after buying an additional 3,939,992 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of The Walt Disney by 9.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 25,029,876 shares of the entertainment giant’s stock worth $2,791,081,000 after buying an additional 2,208,862 shares in the last quarter. Finally, Coatue Management LLC grew its position in shares of The Walt Disney by 19,729.5% during the 2nd quarter. Coatue Management LLC now owns 9,199,122 shares of the entertainment giant’s stock worth $1,025,795,000 after buying an additional 9,152,731 shares in the last quarter. 62.72% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on the company. UBS Group reaffirmed a “hold” rating and set a $126.00 price objective on shares of The Walt Disney in a research report on Thursday, June 25th. Macquarie reaffirmed a “buy” rating and set a $140.00 price objective on shares of The Walt Disney in a research report on Friday, June 19th. Guggenheim raised The Walt Disney from a “neutral” rating to a “buy” rating and set a $140.00 price objective on the stock in a research report on Wednesday, August 5th. JPMorgan Chase & Co. raised their price objective on The Walt Disney from $135.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, October 2nd. Finally, Imperial Capital reaffirmed a “sell” rating and set a $105.00 price objective on shares of The Walt Disney in a research report on Monday, June 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $134.70.

In other news, EVP Brent Woodford sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $130.95, for a total value of $261,900.00. Following the completion of the sale, the executive vice president now directly owns 36,620 shares in the company, valued at $4,795,389. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is owned by insiders.

Shares of NYSE:DIS opened at $126.81 on Friday. The Walt Disney Company has a 12-month low of $79.07 and a 12-month high of $153.41. The company has a market capitalization of $229.15 billion, a PE ratio of -204.53, a PEG ratio of 6.23 and a beta of 1.09. The business has a 50 day moving average of $128.38 and a two-hundred day moving average of $117.94. The company has a current ratio of 1.34, a quick ratio of 1.29 and a debt-to-equity ratio of 0.60.

The Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, August 4th. The entertainment giant reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.64) by $0.72. The company had revenue of $11.80 billion during the quarter, compared to the consensus estimate of $12.48 billion. The Walt Disney had a positive return on equity of 6.58% and a negative net margin of 1.58%. The Walt Disney’s revenue for the quarter was down 41.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.35 earnings per share. Equities research analysts predict that The Walt Disney Company will post 1.59 earnings per share for the current fiscal year.

The Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight owned domestic television stations.

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

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