Financial Partners Group Inc reduced its position in The Walt Disney Company (NYSE:DIS) by 6.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,455 shares of the entertainment giant’s stock after selling 291 shares during the quarter. Financial Partners Group Inc’s holdings in The Walt Disney were worth $553,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of The Walt Disney by 7.8% during the second quarter. Vanguard Group Inc. now owns 148,574,900 shares of the entertainment giant’s stock worth $16,567,587,000 after purchasing an additional 10,757,398 shares during the period. Morgan Stanley raised its stake in The Walt Disney by 16.7% during the first quarter. Morgan Stanley now owns 27,471,116 shares of the entertainment giant’s stock worth $2,653,710,000 after acquiring an additional 3,939,992 shares during the period. Bank of New York Mellon Corp lifted its holdings in The Walt Disney by 9.7% in the second 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 acquiring an additional 2,208,862 shares during the last quarter. Fisher Asset Management LLC boosted its stake in The Walt Disney by 4.5% in the third quarter. Fisher Asset Management LLC now owns 9,496,711 shares of the entertainment giant’s stock valued at $1,178,352,000 after acquiring an additional 410,180 shares during the period. Finally, Coatue Management LLC grew its holdings in shares of The Walt Disney by 19,729.5% during the second quarter. Coatue Management LLC now owns 9,199,122 shares of the entertainment giant’s stock valued at $1,025,795,000 after purchasing an additional 9,152,731 shares during the last quarter. 57.46% of the stock is currently owned by institutional investors.
In related news, EVP Alan N. Braverman sold 48,908 shares of The Walt Disney stock in a transaction on Tuesday, November 24th. The shares were sold at an average price of $150.00, for a total value of $7,336,200.00. Following the completion of the sale, the executive vice president now owns 126,954 shares of the company’s stock, valued at approximately $19,043,100. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Brent Woodford sold 2,000 shares of the company’s stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $130.95, for a total transaction of $261,900.00. Following the completion of the sale, the executive vice president now owns 36,620 shares of the company’s stock, valued at $4,795,389. The disclosure for this sale can be found here. In the last three months, insiders sold 77,522 shares of company stock valued at $11,362,483. 0.31% of the stock is currently owned by company insiders.
A number of research firms recently issued reports on DIS. ValuEngine upgraded The Walt Disney from a “hold” rating to a “buy” rating in a research report on Thursday, October 1st. Loop Capital upgraded shares of The Walt Disney from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Tuesday, October 13th. Morgan Stanley lifted their price objective on shares of The Walt Disney from $135.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, November 12th. Tigress Financial reissued a “buy” rating on shares of The Walt Disney in a research note on Sunday, August 23rd. Finally, Rosenblatt Securities boosted their price objective on The Walt Disney from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, November 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $141.42.
Shares of NYSE DIS traded down $0.30 during mid-day trading on Monday, reaching $146.83. The company had a trading volume of 64,157 shares, compared to its average volume of 14,614,842. The stock has a fifty day moving average of $131.42 and a two-hundred day moving average of $124.19. The company has a market capitalization of $265.87 billion, a price-to-earnings ratio of -92.14, a PEG ratio of 2.87 and a beta of 1.07. The Walt Disney Company has a 12-month low of $79.07 and a 12-month high of $152.97. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.26 and a current ratio of 1.32.
The Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Thursday, November 12th. The entertainment giant reported ($0.20) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.68) by $0.48. The Walt Disney had a negative net margin of 4.38% and a positive return on equity of 4.05%. The business had revenue of $14.71 billion for the quarter, compared to the consensus estimate of $14.10 billion. During the same period in the prior year, the business posted $1.07 earnings per share. The Walt Disney’s revenue for the quarter was down 23.1% compared to the same quarter last year. Sell-side analysts forecast that The Walt Disney Company will post 2.55 earnings per share for the current fiscal year.
The 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 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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