299,000 Shares in Walt Disney Co (DIS) Acquired by Soros Fund Management LLC

Soros Fund Management LLC acquired a new stake in shares of Walt Disney Co (NYSE:DIS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 299,000 shares of the entertainment giant’s stock, valued at approximately $34,965,000. Walt Disney comprises 0.8% of Soros Fund Management LLC’s holdings, making the stock its 24th biggest holding.

A number of other large investors also recently made changes to their positions in the business. Worldquant Millennium Quantitative Strategies LLC grew its holdings in shares of Walt Disney by 4.2% in the third quarter. Worldquant Millennium Quantitative Strategies LLC now owns 127,078 shares of the entertainment giant’s stock worth $14,861,000 after acquiring an additional 5,165 shares during the period. Cumberland Partners Ltd boosted its position in Walt Disney by 176.0% in the third quarter. Cumberland Partners Ltd now owns 10,741 shares of the entertainment giant’s stock worth $1,256,000 after purchasing an additional 6,850 shares during the last quarter. EP Wealth Advisors LLC boosted its position in Walt Disney by 2.0% in the third quarter. EP Wealth Advisors LLC now owns 162,924 shares of the entertainment giant’s stock worth $19,052,000 after purchasing an additional 3,221 shares during the last quarter. Covington Capital Management boosted its position in Walt Disney by 6.3% in the third quarter. Covington Capital Management now owns 197,151 shares of the entertainment giant’s stock worth $23,055,000 after purchasing an additional 11,652 shares during the last quarter. Finally, Intellectus Partners LLC boosted its position in Walt Disney by 7.8% in the third quarter. Intellectus Partners LLC now owns 6,862 shares of the entertainment giant’s stock worth $802,000 after purchasing an additional 497 shares during the last quarter. Institutional investors and hedge funds own 66.58% of the company’s stock.

NYSE DIS opened at $110.20 on Thursday. The company has a market cap of $162.79 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 2.67 and a beta of 0.96. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.00 and a quick ratio of 0.92. Walt Disney Co has a 1-year low of $97.68 and a 1-year high of $120.20.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 EPS for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.27. The firm had revenue of $15.30 billion during the quarter, compared to analysts’ expectations of $15.20 billion. Walt Disney had a return on equity of 20.50% and a net margin of 18.46%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.89 EPS. As a group, research analysts forecast that Walt Disney Co will post 7.11 EPS for the current fiscal year.

Several research analysts have issued reports on DIS shares. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $104.00 to $130.00 in a research report on Friday, October 19th. ValuEngine raised Walt Disney from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Loop Capital raised their price objective on Walt Disney to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 9th. Argus raised their price objective on Walt Disney from $129.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, November 12th. Finally, B. Riley reaffirmed a “neutral” rating on shares of Walt Disney in a research note on Friday, November 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $124.84.

In related news, EVP Brent Woodford sold 721 shares of the business’s stock in a transaction on Wednesday, December 26th. The stock was sold at an average price of $101.13, for a total transaction of $72,914.73. Following the completion of the transaction, the executive vice president now owns 26,910 shares in the company, valued at approximately $2,721,408.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Alan N. Braverman sold 1,153 shares of the business’s stock in a transaction on Friday, December 28th. The shares were sold at an average price of $107.70, for a total value of $124,178.10. Following the transaction, the executive vice president now owns 106,390 shares of the company’s stock, valued at approximately $11,458,203. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,648 shares of company stock valued at $1,616,684. Company insiders own 0.36% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was posted by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this piece on another site, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this piece can be read at https://www.baseballdailydigest.com/news/2019/02/14/soros-fund-management-llc-purchases-new-holdings-in-walt-disney-co-dis.html.

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 businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

Recommended Story: Do You Need a Fiduciary?

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

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

Leave a Reply