J. L. Bainbridge & Co. Inc. Sells 3,677 Shares of Walt Disney Co (DIS)

Share on StockTwits

J. L. Bainbridge & Co. Inc. lessened its position in Walt Disney Co (NYSE:DIS) by 1.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 221,794 shares of the entertainment giant’s stock after selling 3,677 shares during the period. Walt Disney accounts for approximately 3.5% of J. L. Bainbridge & Co. Inc.’s investment portfolio, making the stock its 12th biggest holding. J. L. Bainbridge & Co. Inc.’s holdings in Walt Disney were worth $25,937,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Brightworth boosted its position in shares of Walt Disney by 1.3% during the third quarter. Brightworth now owns 54,415 shares of the entertainment giant’s stock valued at $6,363,000 after buying an additional 715 shares during the last quarter. Rothschild Investment Corp IL boosted its position in Walt Disney by 17.9% in the third quarter. Rothschild Investment Corp IL now owns 48,859 shares of the entertainment giant’s stock worth $5,714,000 after purchasing an additional 7,430 shares during the last quarter. First American Bank purchased a new position in Walt Disney in the third quarter worth about $10,901,000. Long Road Investment Counsel LLC purchased a new position in shares of Walt Disney during the 3rd quarter valued at about $208,000. Finally, Cambridge Trust Co. lifted its position in shares of Walt Disney by 3.2% during the 3rd quarter. Cambridge Trust Co. now owns 36,480 shares of the entertainment giant’s stock valued at $4,266,000 after buying an additional 1,141 shares in the last quarter. 62.99% of the stock is owned by hedge funds and other institutional investors.

DIS opened at $111.41 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.86 and a current ratio of 0.94. Walt Disney Co has a one year low of $97.68 and a one year high of $120.20. The stock has a market cap of $167.94 billion, a PE ratio of 15.74, a PEG ratio of 1.94 and a beta of 0.96.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.27. Walt Disney had a return on equity of 20.90% and a net margin of 18.46%. The firm had revenue of $15.30 billion for the quarter, compared to analysts’ expectations of $15.20 billion. During the same quarter in the previous year, the firm posted $1.89 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. As a group, equities research analysts anticipate that Walt Disney Co will post 7.01 EPS for the current year.

The company also recently declared a semiannual dividend, which was paid on Thursday, January 10th. Stockholders of record on Monday, December 10th were paid a dividend of $0.88 per share. This is a positive change from Walt Disney’s previous semiannual dividend of $0.84. The ex-dividend date of this dividend was Friday, December 7th. This represents a dividend yield of 1.51%. Walt Disney’s payout ratio is 24.86%.

In other news, EVP Brent Woodford sold 2,000 shares of the company’s stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $112.75, for a total transaction of $225,500.00. Following the completion of the sale, the executive vice president now directly owns 24,513 shares in the company, valued at approximately $2,763,840.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Alan N. Braverman sold 1,153 shares of the stock in a transaction on Saturday, December 28th. The shares were sold at an average price of $107.70, for a total value of $124,178.10. Following the completion of the sale, the executive vice president now owns 106,390 shares of the company’s stock, valued at $11,458,203. The disclosure for this sale can be found here. In the last ninety days, insiders sold 60,381 shares of company stock worth $7,117,444. 0.36% of the stock is owned by corporate insiders.

Several brokerages recently issued reports on DIS. Zacks Investment Research downgraded Walt Disney from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st. Credit Suisse Group reissued a “hold” rating and set a $114.00 target price on shares of Walt Disney in a research report on Tuesday, January 22nd. Wolfe Research assumed coverage on Walt Disney in a report on Friday, December 7th. They set an “outperform” rating for the company. Imperial Capital upgraded Walt Disney from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $113.00 to $129.00 in a report on Tuesday, November 27th. Finally, B. Riley reiterated a “neutral” rating on shares of Walt Disney in a report on Friday, November 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. Walt Disney currently has a consensus rating of “Buy” and a consensus price target of $123.63.

TRADEMARK VIOLATION WARNING: This report was originally published by Ticker Report and is owned by of Ticker Report. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://www.tickerreport.com/banking-finance/4132851/j-l-bainbridge-co-inc-sells-3677-shares-of-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.

Featured Article: Do You Need a Fiduciary?

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.

Latest News

Safe Bulkers  Announces  Earnings Results, Misses Expectations By $0.02 EPS
Safe Bulkers Announces Earnings Results, Misses Expectations By $0.02 EPS
Traders Purchase Large Volume of Call Options on AngloGold Ashanti
Traders Purchase Large Volume of Call Options on AngloGold Ashanti
FY2019 Earnings Forecast for Pilgrim’s Pride Co. Issued By Jefferies Financial Group
FY2019 Earnings Forecast for Pilgrim’s Pride Co. Issued By Jefferies Financial Group
Intu Properties  Releases Quarterly  Earnings Results, Beats Estimates By $0.50 EPS
Intu Properties Releases Quarterly Earnings Results, Beats Estimates By $0.50 EPS
FTB Advisors Inc. Acquires 2,520 Shares of Pfizer Inc.
FTB Advisors Inc. Acquires 2,520 Shares of Pfizer Inc.
iShares MSCI South Korea ETF  Stake Lifted by Catalyst Capital Advisors LLC
iShares MSCI South Korea ETF Stake Lifted by Catalyst Capital Advisors LLC


Leave a Reply

© 2006-2019 Ticker Report