Pacer Advisors Inc. Has $18.20 Million Stake in The Walt Disney Company (NYSE:DIS)

Pacer Advisors Inc. decreased its stake in shares of The Walt Disney Company (NYSE:DIS) by 8.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 98,633 shares of the entertainment giant’s stock after selling 8,926 shares during the quarter. Pacer Advisors Inc.’s holdings in The Walt Disney were worth $18,200,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Morgan Stanley lifted its holdings in shares of The Walt Disney by 11.4% in the 4th quarter. Morgan Stanley now owns 32,108,070 shares of the entertainment giant’s stock worth $5,817,340,000 after purchasing an additional 3,291,751 shares in the last quarter. FMR LLC lifted its holdings in shares of The Walt Disney by 16.1% in the 4th quarter. FMR LLC now owns 23,913,777 shares of the entertainment giant’s stock worth $4,332,698,000 after purchasing an additional 3,315,118 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of The Walt Disney by 37.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,494,013 shares of the entertainment giant’s stock worth $3,531,925,000 after purchasing an additional 5,288,711 shares in the last quarter. Norges Bank bought a new position in shares of The Walt Disney in the 4th quarter worth $3,003,286,000. Finally, Fisher Asset Management LLC lifted its holdings in shares of The Walt Disney by 4.1% in the 4th quarter. Fisher Asset Management LLC now owns 9,888,776 shares of the entertainment giant’s stock worth $1,791,649,000 after purchasing an additional 392,065 shares in the last quarter. 62.83% of the stock is owned by institutional investors.

Several equities analysts have weighed in on the company. Argus raised their price objective on The Walt Disney from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, February 17th. Rosenblatt Securities raised their price objective on The Walt Disney from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, February 12th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price objective on The Walt Disney from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, January 14th. Barclays raised their price objective on The Walt Disney from $150.00 to $185.00 in a research note on Friday, December 11th. Finally, Zacks Investment Research upgraded The Walt Disney from a “sell” rating to a “hold” rating and set a $193.00 price objective on the stock in a research note on Monday, February 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $187.00.

DIS stock traded down $1.20 during mid-day trading on Thursday, reaching $186.36. 246,376 shares of the company traded hands, compared to its average volume of 11,597,273. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.32 and a quick ratio of 1.26. The company has a market capitalization of $338.29 billion, a P/E ratio of -116.89, a P/E/G ratio of 5.07 and a beta of 1.20. The Walt Disney Company has a 52-week low of $98.65 and a 52-week high of $203.02. The company has a fifty day moving average price of $190.44 and a 200-day moving average price of $162.26.

The Walt Disney (NYSE:DIS) last posted its earnings results on Wednesday, February 10th. The entertainment giant reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.45) by $0.77. The business had revenue of $16.25 billion during the quarter, compared to analyst estimates of $15.84 billion. The Walt Disney had a positive return on equity of 4.05% and a negative net margin of 4.38%. As a group, analysts forecast that The Walt Disney Company will post 1.69 EPS for the current year.

In other news, Chairman Robert A. Iger sold 120,946 shares of The Walt Disney stock in a transaction dated Monday, March 8th. The stock was sold at an average price of $200.82, for a total transaction of $24,288,375.72. Following the completion of the sale, the chairman now owns 1,227,381 shares in the company, valued at approximately $246,482,652.42. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Mary Jayne Parker sold 7,436 shares of The Walt Disney stock in a transaction dated Tuesday, February 16th. The shares were sold at an average price of $185.60, for a total value of $1,380,121.60. The disclosure for this sale can be found here. Insiders have sold a total of 1,367,269 shares of company stock valued at $251,173,842 in the last ninety days. Insiders own 0.31% of the company’s stock.

About The Walt Disney

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 domestic television stations.

Further Reading: EV Stocks

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

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