Stack Financial Management Inc boosted its stake in The Walt Disney Co. (NYSE:DIS) by 2.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 172,478 shares of the entertainment giant’s stock after buying an additional 3,782 shares during the period. The Walt Disney comprises approximately 1.9% of Stack Financial Management Inc’s investment portfolio, making the stock its 22nd largest position. Stack Financial Management Inc’s holdings in The Walt Disney were worth $16,016,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in DIS. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of The Walt Disney during the second quarter valued at $103,000. Balentine LLC boosted its stake in shares of The Walt Disney by 365.8% in the second quarter. Balentine LLC now owns 1,076 shares of the entertainment giant’s stock valued at $105,000 after buying an additional 845 shares in the last quarter. Krilogy Financial LLC boosted its stake in shares of The Walt Disney by 5.0% in the second quarter. Krilogy Financial LLC now owns 1,292 shares of the entertainment giant’s stock valued at $126,000 after buying an additional 61 shares in the last quarter. Cordasco Financial Network boosted its stake in shares of The Walt Disney by 149.8% in the second quarter. Cordasco Financial Network now owns 1,501 shares of the entertainment giant’s stock valued at $147,000 after buying an additional 900 shares in the last quarter. Finally, Opera Trading Capital purchased a new stake in shares of The Walt Disney during the first quarter valued at $158,000. 57.27% of the stock is owned by hedge funds and other institutional investors.
The Walt Disney Co. (NYSE:DIS) traded up 0.57% during mid-day trading on Friday, hitting $98.82. The stock had a trading volume of 4,396,763 shares. The Walt Disney Co. has a 52 week low of $86.25 and a 52 week high of $115.58. The stock has a market capitalization of $158.11 billion, a P/E ratio of 17.25 and a beta of 1.21. The company’s 50 day moving average is $94.31 and its 200-day moving average is $96.15.
The Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 10th. The entertainment giant reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by $0.06. The company had revenue of $13.14 billion for the quarter, compared to analysts’ expectations of $13.71 billion. The Walt Disney had a net margin of 16.88% and a return on equity of 19.81%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 EPS. On average, analysts expect that The Walt Disney Co. will post $5.95 EPS for the current fiscal year.
DIS has been the subject of several recent research reports. Hilliard Lyons raised The Walt Disney to a “buy” rating in a report on Thursday, August 25th. Citigroup Inc. dropped their price objective on The Walt Disney from $120.00 to $117.00 and set a “buy” rating for the company in a report on Thursday, August 11th. Pivotal Research dropped their price objective on The Walt Disney from $122.00 to $118.00 and set a “buy” rating for the company in a report on Wednesday, August 10th. Loop Capital reissued a “buy” rating and set a $114.00 price objective on shares of The Walt Disney in a report on Tuesday, September 27th. Finally, Nomura reissued a “buy” rating and set a $115.00 price objective on shares of The Walt Disney in a report on Tuesday, September 27th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the company. The Walt Disney currently has an average rating of “Hold” and a consensus target price of $108.39.
In related news, EVP Alan N. Braverman sold 19,871 shares of The Walt Disney stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $99.00, for a total transaction of $1,967,229.00. Following the transaction, the executive vice president now owns 135,614 shares of the company’s stock, valued at $13,425,786. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 13.00% of the company’s stock.
The Walt Disney Company Profile