Stephens Inc. AR Grows Stake in Walt Disney Co (DIS)

Stephens Inc. AR raised its holdings in shares of Walt Disney Co (NYSE:DIS) by 9.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 105,640 shares of the entertainment giant’s stock after purchasing an additional 8,832 shares during the quarter. Stephens Inc. AR’s holdings in Walt Disney were worth $11,583,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Eagle Capital Management LLC lifted its stake in Walt Disney by 2.3% during the third quarter. Eagle Capital Management LLC now owns 26,193 shares of the entertainment giant’s stock worth $3,063,000 after purchasing an additional 589 shares during the last quarter. HC Financial Advisors Inc. lifted its stake in Walt Disney by 12.3% during the third quarter. HC Financial Advisors Inc. now owns 32,000 shares of the entertainment giant’s stock worth $3,742,000 after purchasing an additional 3,495 shares during the last quarter. Godsey & Gibb Associates lifted its stake in Walt Disney by 4.1% during the third quarter. Godsey & Gibb Associates now owns 134,049 shares of the entertainment giant’s stock worth $15,676,000 after purchasing an additional 5,248 shares during the last quarter. Cornerstone Capital Inc. lifted its stake in Walt Disney by 1.9% during the third quarter. Cornerstone Capital Inc. now owns 202,624 shares of the entertainment giant’s stock worth $23,695,000 after purchasing an additional 3,710 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its stake in Walt Disney by 0.6% during the third quarter. Raymond James Trust N.A. now owns 107,110 shares of the entertainment giant’s stock worth $12,526,000 after purchasing an additional 611 shares during the last quarter. 66.71% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Brent Woodford sold 2,000 shares of the stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $114.35, for a total value of $228,700.00. Following the completion of the transaction, the executive vice president now directly owns 26,517 shares in the company, valued at approximately $3,032,218.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Zenia B. Mucha sold 33,000 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $128.88, for a total value of $4,253,040.00. The disclosure for this sale can be found here. Insiders sold a total of 39,000 shares of company stock valued at $5,022,700 over the last quarter. 0.36% of the stock is owned by corporate insiders.

Several equities research analysts have weighed in on DIS shares. Credit Suisse Group restated a “hold” rating and set a $114.00 target price on shares of Walt Disney in a research note on Tuesday, January 22nd. Zacks Investment Research cut Walt Disney from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st. BMO Capital Markets upped their target price on Walt Disney from $109.00 to $114.00 and gave the stock a “market perform” rating in a research note on Thursday, February 7th. Tigress Financial restated a “buy” rating on shares of Walt Disney in a research note on Tuesday, February 12th. Finally, Edward Jones upgraded Walt Disney from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Walt Disney currently has an average rating of “Buy” and a consensus price target of $142.42.

Shares of DIS opened at $135.04 on Friday. Walt Disney Co has a 52 week low of $98.81 and a 52 week high of $142.37. The firm has a market capitalization of $201.31 billion, a PE ratio of 19.07, a PEG ratio of 3.57 and a beta of 1.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Wednesday, May 8th. The entertainment giant reported $1.61 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.02. Walt Disney had a return on equity of 15.67% and a net margin of 22.55%. The company had revenue of $14.92 billion during the quarter, compared to analysts’ expectations of $14.53 billion. During the same period in the prior year, the company earned $1.84 EPS. Walt Disney’s revenue was up 2.6% compared to the same quarter last year. As a group, analysts expect that Walt Disney Co will post 6.67 EPS for the current year.

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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 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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