Walt Disney Co (DIS) Shares Sold by Johnson Financial Group Inc.

Johnson Financial Group Inc. lowered its stake in shares of Walt Disney Co (NYSE:DIS) by 2.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,823 shares of the entertainment giant’s stock after selling 226 shares during the period. Johnson Financial Group Inc.’s holdings in Walt Disney were worth $857,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Bruni J V & Co. Co. purchased a new position in shares of Walt Disney during the 4th quarter worth approximately $350,000. Stephens Inc. AR boosted its position in shares of Walt Disney by 9.1% during the 4th quarter. Stephens Inc. AR now owns 105,640 shares of the entertainment giant’s stock worth $11,583,000 after purchasing an additional 8,832 shares during the period. Tredje AP fonden boosted its position in shares of Walt Disney by 27.1% during the 4th quarter. Tredje AP fonden now owns 87,658 shares of the entertainment giant’s stock worth $9,689,000 after purchasing an additional 18,706 shares during the period. Clarius Group LLC boosted its position in shares of Walt Disney by 19.9% during the 4th quarter. Clarius Group LLC now owns 6,295 shares of the entertainment giant’s stock worth $690,000 after purchasing an additional 1,043 shares during the period. Finally, Garrison Point Advisors LLC purchased a new position in shares of Walt Disney during the 4th quarter worth approximately $1,109,000. 66.71% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Zenia B. Mucha sold 33,000 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brent Woodford sold 2,000 shares of the firm’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 owns 26,517 shares in the company, valued at $3,032,218.95. The disclosure for this sale can be found here. Insiders sold a total of 39,000 shares of company stock worth $5,022,700 over the last 90 days. Company insiders own 0.36% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Citigroup increased their price objective on shares of Walt Disney from $132.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Barclays raised their price target on shares of Walt Disney from $130.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Imperial Capital raised their price target on shares of Walt Disney from $139.00 to $147.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. BMO Capital Markets raised their price target on shares of Walt Disney from $140.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. Finally, Credit Suisse Group raised their price target on shares of Walt Disney from $114.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. One equities research 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. Walt Disney presently has an average rating of “Buy” and a consensus price target of $142.42.

Shares of DIS stock opened at $135.04 on Monday. 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 Co has a 52 week low of $98.81 and a 52 week high of $142.37. The company has a market capitalization of $201.31 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 3.57 and a beta of 1.00.

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

ILLEGAL ACTIVITY NOTICE: “Walt Disney Co (DIS) Shares Sold by Johnson Financial Group Inc.” was originally posted by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.baseballdailydigest.com/news/2019/05/20/walt-disney-co-dis-shares-sold-by-johnson-financial-group-inc.html.

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.

Featured Story: Different Types of Derivatives

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).

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.