Walt Disney Co (NYSE:DIS) is Sompo Japan Nipponkoa Asset Management CO. LTD.’s 10th Largest Position

Sompo Japan Nipponkoa Asset Management CO. LTD. trimmed its position in Walt Disney Co (NYSE:DIS) by 21.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,290 shares of the entertainment giant’s stock after selling 25,401 shares during the quarter. Walt Disney accounts for 2.2% of Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings, making the stock its 10th biggest holding. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Walt Disney were worth $9,673,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trilogy Capital Inc. bought a new stake in shares of Walt Disney during the 1st quarter worth $107,000. Live Your Vision LLC lifted its position in shares of Walt Disney by 91.6% during the 2nd quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock worth $113,000 after buying an additional 500 shares during the last quarter. BDO Wealth Advisors LLC lifted its position in shares of Walt Disney by 184.3% during the 1st quarter. BDO Wealth Advisors LLC now owns 1,140 shares of the entertainment giant’s stock worth $114,000 after buying an additional 739 shares during the last quarter. Bruderman Asset Management LLC bought a new stake in shares of Walt Disney during the 1st quarter worth $116,000. Finally, Marshall & Sullivan Inc. WA bought a new stake in shares of Walt Disney during the 2nd quarter worth $121,000. 63.04% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Alan N. Braverman sold 140,638 shares of the firm’s stock in a transaction that occurred on Wednesday, July 11th. The stock was sold at an average price of $107.00, for a total transaction of $15,048,266.00. Following the completion of the sale, the executive vice president now owns 160,316 shares of the company’s stock, valued at $17,153,812. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mary Jayne Parker sold 29,192 shares of the firm’s stock in a transaction that occurred on Wednesday, October 3rd. The stock was sold at an average price of $117.99, for a total value of $3,444,364.08. Following the sale, the executive vice president now directly owns 29,199 shares of the company’s stock, valued at approximately $3,445,190.01. The disclosure for this sale can be found here. Insiders have sold 740,339 shares of company stock valued at $84,097,650 in the last ninety days. 0.38% of the stock is currently owned by insiders.

Several brokerages recently weighed in on DIS. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a research report on Monday, October 1st. Pivotal Research reiterated a “sell” rating and issued a $95.00 target price on shares of Walt Disney in a research report on Sunday, September 23rd. Royal Bank of Canada reiterated a “buy” rating and issued a $140.00 target price on shares of Walt Disney in a research report on Wednesday, August 8th. Imperial Capital increased their target price on Walt Disney from $108.00 to $112.00 and gave the company an “inline” rating in a research report on Wednesday, August 8th. Finally, BMO Capital Markets increased their target price on Walt Disney from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $119.54.

Shares of DIS stock opened at $116.02 on Tuesday. Walt Disney Co has a 1-year low of $96.80 and a 1-year high of $118.10. The stock has a market capitalization of $173.92 billion, a PE ratio of 20.26, a P/E/G ratio of 1.55 and a beta of 1.29. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 0.35.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 EPS 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 business 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 business earned $1.58 EPS. As a group, research analysts predict that Walt Disney Co will post 6.92 earnings per share for the current year.

About Walt Disney

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

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