Walt Disney Co (NYSE:DIS) is K.J. Harrison & Partners Inc’s 10th Largest Position

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K.J. Harrison & Partners Inc lowered its holdings in shares of Walt Disney Co (NYSE:DIS) by 6.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,127 shares of the entertainment giant’s stock after selling 2,950 shares during the quarter. Walt Disney makes up approximately 1.9% of K.J. Harrison & Partners Inc’s holdings, making the stock its 10th biggest position. K.J. Harrison & Partners Inc’s holdings in Walt Disney were worth $6,022,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in Walt Disney by 6.5% in the 4th quarter. BlackRock Inc. now owns 92,790,946 shares of the entertainment giant’s stock worth $10,174,527,000 after acquiring an additional 5,639,712 shares in the last quarter. FMR LLC increased its holdings in Walt Disney by 37.2% in the 1st quarter. FMR LLC now owns 33,901,641 shares of the entertainment giant’s stock worth $3,764,098,000 after acquiring an additional 9,190,235 shares in the last quarter. Northern Trust Corp increased its holdings in Walt Disney by 4.5% in the 4th quarter. Northern Trust Corp now owns 21,001,994 shares of the entertainment giant’s stock worth $2,302,868,000 after acquiring an additional 896,051 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Walt Disney by 7.4% in the 2nd quarter. Janus Henderson Group PLC now owns 12,194,709 shares of the entertainment giant’s stock worth $1,702,901,000 after acquiring an additional 835,585 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in Walt Disney by 10.5% in the 1st quarter. Clearbridge Investments LLC now owns 10,855,844 shares of the entertainment giant’s stock worth $1,205,324,000 after acquiring an additional 1,031,035 shares in the last quarter. 64.27% of the stock is owned by hedge funds and other institutional investors.

NYSE DIS opened at $135.43 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.67 and a current ratio of 0.70. The company has a market capitalization of $243.42 billion, a P/E ratio of 19.13, a P/E/G ratio of 4.47 and a beta of 0.96. Walt Disney Co has a one year low of $100.35 and a one year high of $147.15. The stock has a 50 day moving average price of $140.55 and a 200-day moving average price of $129.18.

Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.41). The firm had revenue of $20.25 billion for the quarter, compared to the consensus estimate of $21.40 billion. Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. The firm’s revenue was up 32.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.87 earnings per share. As a group, equities analysts predict that Walt Disney Co will post 6 EPS for the current fiscal year.

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, July 25th. Stockholders of record on Monday, July 8th were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, July 5th. Walt Disney’s dividend payout ratio is currently 24.86%.

Several equities research analysts recently issued reports on DIS shares. JPMorgan Chase & Co. reissued a “buy” rating and issued a $150.00 target price on shares of Walt Disney in a report on Wednesday, August 7th. Citigroup reissued a “buy” rating and issued a $160.00 target price (up from $132.00) on shares of Walt Disney in a report on Thursday, June 6th. Bank of America set a $168.00 price objective on shares of Walt Disney and gave the company a “buy” rating in a report on Monday, June 24th. Credit Suisse Group reaffirmed a “buy” rating and set a $150.00 price objective on shares of Walt Disney in a report on Thursday, August 8th. Finally, Barclays increased their price objective on shares of Walt Disney from $130.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have assigned a buy rating to the stock. Walt Disney currently has an average rating of “Buy” and a consensus target price of $148.22.

In other news, EVP Alan N. Braverman sold 94,462 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $141.18, for a total transaction of $13,336,145.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brent Woodford sold 2,000 shares of the stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $144.25, for a total value of $288,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 154,423 shares of company stock valued at $21,743,165 over the last quarter. Corporate insiders own 0.36% of the company’s stock.

Walt Disney 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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