Proficio Capital Partners LLC Grows Position in Walt Disney Co (DIS)

Proficio Capital Partners LLC increased its holdings in Walt Disney Co (NYSE:DIS) by 2.5% during the fourth quarter, HoldingsChannel reports. The firm owned 13,483 shares of the entertainment giant’s stock after purchasing an additional 332 shares during the period. Proficio Capital Partners LLC’s holdings in Walt Disney were worth $1,478,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Litman Gregory Asset Management LLC acquired a new stake in shares of Walt Disney during the fourth quarter valued at approximately $25,000. Crewe Advisors LLC raised its holdings in shares of Walt Disney by 55.6% during the fourth quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock valued at $31,000 after acquiring an additional 100 shares during the period. Portfolio Solutions LLC acquired a new stake in shares of Walt Disney during the fourth quarter valued at approximately $43,000. Contravisory Investment Management Inc. raised its holdings in shares of Walt Disney by 176.4% during the fourth quarter. Contravisory Investment Management Inc. now owns 409 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 261 shares during the period. Finally, Watermark Asset Management Inc. raised its holdings in shares of Walt Disney by 52.2% during the fourth quarter. Watermark Asset Management Inc. now owns 446 shares of the entertainment giant’s stock valued at $49,000 after acquiring an additional 153 shares during the period. Institutional investors and hedge funds own 65.92% of the company’s stock.

DIS stock opened at $134.04 on Monday. The company has a quick ratio of 0.92, a current ratio of 0.77 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $199.15 billion, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 3.44 and a beta of 1.00. Walt Disney Co has a 12 month low of $98.81 and a 12 month high of $142.37.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.02. The business had revenue of $14.92 billion during the quarter, compared to the consensus estimate of $14.53 billion. Walt Disney had a net margin of 22.55% and a return on equity of 15.67%. Walt Disney’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.84 EPS. On average, equities research analysts predict that Walt Disney Co will post 6.8 EPS for the current fiscal year.

DIS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Thursday, January 17th. Credit Suisse Group restated a “hold” rating and set a $114.00 price target on shares of Walt Disney in a report on Tuesday, January 22nd. BMO Capital Markets boosted their price target on shares of Walt Disney from $109.00 to $114.00 and gave the company a “market perform” rating in a report on Thursday, February 7th. Tigress Financial reaffirmed a “buy” rating on shares of Walt Disney in a research report on Tuesday, February 12th. Finally, Edward Jones raised shares of Walt Disney from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $142.36.

In related news, EVP Brent Woodford sold 2,000 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $114.35, for a total transaction of $228,700.00. Following the completion of the sale, the executive vice president now directly owns 26,517 shares of the company’s stock, valued at approximately $3,032,218.95. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Zenia B. Mucha sold 33,000 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $128.88, for a total transaction of $4,253,040.00. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by corporate insiders.

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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.

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

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