BLB&B Advisors LLC reduced its stake in shares of Walt Disney Co (NYSE:DIS) by 2.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,464 shares of the entertainment giant’s stock after selling 918 shares during the period. BLB&B Advisors LLC’s holdings in Walt Disney were worth $4,136,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Pennsylvania Trust Co boosted its stake in shares of Walt Disney by 13.2% during the 2nd quarter. Pennsylvania Trust Co now owns 184,497 shares of the entertainment giant’s stock valued at $19,337,000 after buying an additional 21,545 shares during the last quarter. Beacon Financial Group boosted its position in shares of Walt Disney by 297.3% in the 2nd quarter. Beacon Financial Group now owns 22,840 shares of the entertainment giant’s stock valued at $2,394,000 after purchasing an additional 17,091 shares during the period. Menlo Advisors LLC acquired a new position in shares of Walt Disney in the 2nd quarter valued at $3,516,000. Vigilant Capital Management LLC boosted its position in shares of Walt Disney by 135.4% in the 2nd quarter. Vigilant Capital Management LLC now owns 1,982 shares of the entertainment giant’s stock valued at $208,000 after purchasing an additional 1,140 shares during the period. Finally, Lucas Capital Management acquired a new stake in Walt Disney during the 2nd quarter worth about $202,000. Institutional investors own 67.57% of the company’s stock.
In other news, EVP Brent Woodford sold 768 shares of the stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $104.35, for a total transaction of $80,140.80. Following the transaction, the executive vice president now owns 28,493 shares in the company, valued at $2,973,244.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Robert A. Iger sold 437,679 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $115.00, for a total value of $50,333,085.00. Following the transaction, the chairman now owns 1,498,871 shares in the company, valued at approximately $172,370,165. The disclosure for this sale can be found here. Insiders sold 710,002 shares of company stock worth $80,514,432 in the last 90 days. Corporate insiders own 0.38% of the company’s stock.
Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.10). Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. The firm had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same period in the prior year, the company earned $1.58 earnings per share. equities analysts anticipate that Walt Disney Co will post 6.92 EPS for the current fiscal year.
A number of equities research analysts have commented on the company. Bank of America set a $144.00 price objective on Walt Disney and gave the stock a “buy” rating in a research report on Wednesday, August 8th. ValuEngine upgraded Walt Disney from a “sell” rating to a “hold” rating in a report on Friday, June 15th. Credit Suisse Group started coverage on Walt Disney in a research note on Tuesday, July 10th. They issued a “neutral” rating and a $114.00 price objective on the stock. Zacks Investment Research raised Walt Disney from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research report on Monday, June 18th. Finally, Pivotal Research downgraded Walt Disney from a “hold” rating to a “sell” rating and set a $93.00 price target on the stock. in a research report on Monday, June 18th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the stock. Walt Disney has a consensus rating of “Hold” and an average target price of $118.92.
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 cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.
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