The Walt Disney Company (NYSE:DIS) Shares Sold by Blume Capital Management Inc.

Blume Capital Management Inc. cut its stake in The Walt Disney Company (NYSE:DIS) by 0.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,871 shares of the entertainment giant’s stock after selling 300 shares during the period. The Walt Disney accounts for approximately 3.1% of Blume Capital Management Inc.’s investment portfolio, making the stock its 13th largest holding. Blume Capital Management Inc.’s holdings in The Walt Disney were worth $8,414,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. CapWealth Advisors LLC increased its holdings in shares of The Walt Disney by 1.3% during the second quarter. CapWealth Advisors LLC now owns 83,252 shares of the entertainment giant’s stock valued at $14,633,000 after purchasing an additional 1,057 shares during the period. Wealthquest Corp increased its holdings in shares of The Walt Disney by 1.4% during the second quarter. Wealthquest Corp now owns 5,555 shares of the entertainment giant’s stock valued at $976,000 after purchasing an additional 79 shares during the period. National Asset Management Inc. increased its holdings in shares of The Walt Disney by 14.2% during the second quarter. National Asset Management Inc. now owns 113,399 shares of the entertainment giant’s stock valued at $19,986,000 after purchasing an additional 14,110 shares during the period. One Charles Private Wealth Services LLC acquired a new position in shares of The Walt Disney during the second quarter valued at $534,000. Finally, Mercer Global Advisors Inc. ADV increased its holdings in shares of The Walt Disney by 3.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 133,000 shares of the entertainment giant’s stock valued at $23,377,000 after purchasing an additional 4,973 shares during the period. 64.10% of the stock is currently owned by hedge funds and other institutional investors.

NYSE DIS traded up $0.10 during trading on Wednesday, reaching $182.50. 131,124 shares of the company’s stock were exchanged, compared to its average volume of 9,566,108. The Walt Disney Company has a fifty-two week low of $117.23 and a fifty-two week high of $203.02. The firm has a market capitalization of $331.63 billion, a PE ratio of 299.02, a P/E/G ratio of 3.50 and a beta of 1.19. The company has a current ratio of 1.24, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The company’s fifty day simple moving average is $178.78 and its 200-day simple moving average is $181.34.

The Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, August 12th. The entertainment giant reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.23. The business had revenue of $17.02 billion during the quarter, compared to analyst estimates of $16.82 billion. The Walt Disney had a return on equity of 3.78% and a net margin of 1.77%. During the same period in the previous year, the company earned $0.08 EPS. Equities analysts forecast that The Walt Disney Company will post 2.45 EPS for the current fiscal year.

In related news, CEO Robert A. Chapek sold 10,587 shares of the firm’s stock in a transaction that occurred on Tuesday, August 31st. The stock was sold at an average price of $182.00, for a total value of $1,926,834.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Brent Woodford sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, August 13th. The shares were sold at an average price of $186.57, for a total value of $1,492,560.00. Following the completion of the transaction, the executive vice president now directly owns 42,620 shares in the company, valued at $7,951,613.40. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.

A number of research analysts have recently commented on DIS shares. Deutsche Bank Aktiengesellschaft lowered their price target on The Walt Disney from $213.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, August 27th. Wolfe Research reaffirmed an “outperform” rating and set a $226.00 target price on shares of The Walt Disney in a report on Thursday, June 10th. The Goldman Sachs Group lifted their target price on The Walt Disney from $215.00 to $218.00 and gave the stock a “buy” rating in a report on Friday, August 13th. Wells Fargo & Company lifted their target price on The Walt Disney from $209.00 to $216.00 and gave the stock an “overweight” rating in a report on Friday, August 13th. Finally, Barclays lifted their target price on The Walt Disney from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, August 13th. Four research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $208.56.

About The Walt Disney

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.

See Also: Stock Symbols and CUSIP Explained

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS).

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

Receive News & Ratings for The Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.