Investors Asset Management of Georgia Inc. GA ADV boosted its holdings in shares of The Walt Disney Company (NYSE:DIS) by 1.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 14,098 shares of the entertainment giant’s stock after buying an additional 242 shares during the period. Walt Disney makes up approximately 1.2% of Investors Asset Management of Georgia Inc. GA ADV’s investment portfolio, making the stock its 13th largest position. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Walt Disney were worth $2,385,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in DIS. Penserra Capital Management LLC purchased a new position in Walt Disney during the 2nd quarter valued at about $29,000. Johnson Midwest Financial LLC lifted its position in shares of Walt Disney by 142.9% in the second quarter. Johnson Midwest Financial LLC now owns 170 shares of the entertainment giant’s stock worth $30,000 after purchasing an additional 100 shares in the last quarter. FFT Wealth Management LLC purchased a new stake in shares of Walt Disney in the second quarter worth approximately $37,000. Financial Insights Inc. purchased a new stake in shares of Walt Disney in the second quarter worth approximately $37,000. Finally, Paragon Wealth Strategies LLC purchased a new stake in shares of Walt Disney in the second quarter worth approximately $39,000. 64.08% of the stock is owned by hedge funds and other institutional investors.
In other Walt Disney news, CEO Robert A. Chapek sold 10,587 shares of Walt Disney stock in a transaction on Tuesday, August 31st. The stock was sold at an average price of $182.00, for a total transaction of $1,926,834.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is currently owned by company insiders.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, November 10th. The entertainment giant reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.13). Walt Disney had a net margin of 2.96% and a return on equity of 4.86%. During the same period in the prior year, the firm earned ($0.20) EPS. Equities research analysts anticipate that The Walt Disney Company will post 4.74 EPS for the current year.
DIS has been the subject of a number of research analyst reports. Barclays lowered shares of Walt Disney from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $210.00 to $175.00 in a research report on Monday, October 18th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Walt Disney from $200.00 to $191.00 and set a “buy” rating for the company in a research report on Monday, November 15th. JPMorgan Chase & Co. dropped their price objective on Walt Disney from $230.00 to $220.00 and set an “overweight” rating on the stock in a report on Thursday, November 11th. UBS Group dropped their price objective on Walt Disney from $220.00 to $205.00 and set a “buy” rating on the stock in a report on Thursday, November 11th. Finally, Wells Fargo & Company dropped their price objective on Walt Disney from $203.00 to $196.00 and set an “overweight” rating on the stock in a report on Monday. Six analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $200.15.
Walt Disney Profile
The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Media Networks, Parks, Experiences and Products, Studio Entertainment and Direct-to-Consumer and International (DTCI). The Media Networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, radio networks and stations.
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