Walt Disney Co (NYSE:DIS) Shares Sold by Family Management Corp

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Family Management Corp trimmed its position in shares of Walt Disney Co (NYSE:DIS) by 13.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,463 shares of the entertainment giant’s stock after selling 4,597 shares during the quarter. Walt Disney accounts for approximately 1.7% of Family Management Corp’s portfolio, making the stock its 14th largest holding. Family Management Corp’s holdings in Walt Disney were worth $4,254,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of DIS. FMR LLC increased its stake in shares of Walt Disney by 37.2% during the first 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 during the period. Jennison Associates LLC grew its position in Walt Disney by 2,490.8% during the second quarter. Jennison Associates LLC now owns 7,164,008 shares of the entertainment giant’s stock worth $1,000,382,000 after buying an additional 6,887,494 shares during the period. Morgan Stanley grew its position in Walt Disney by 29.9% during the second quarter. Morgan Stanley now owns 27,743,170 shares of the entertainment giant’s stock worth $3,874,059,000 after buying an additional 6,386,504 shares during the period. Vanguard Group Inc. grew its position in Walt Disney by 3.3% during the second quarter. Vanguard Group Inc. now owns 131,103,772 shares of the entertainment giant’s stock worth $18,307,330,000 after buying an additional 4,142,604 shares during the period. Finally, Winslow Capital Management LLC acquired a new position in Walt Disney during the second quarter worth about $393,440,000. Institutional investors and hedge funds own 68.41% of the company’s stock.

DIS stock opened at $132.55 on Friday. The company’s 50 day simple moving average is $137.10 and its 200-day simple moving average is $132.43. The firm has a market capitalization of $245.55 billion, a PE ratio of 18.72, a P/E/G ratio of 4.51 and a beta of 0.97. Walt Disney Co has a 12 month low of $100.35 and a 12 month high of $147.15. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.70 and a quick ratio of 0.67.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.41). The business had revenue of $20.25 billion during the quarter, compared to analyst estimates 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 for the quarter was up 32.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.87 earnings per share. As a group, sell-side analysts anticipate that Walt Disney Co will post 6 earnings per share for the current year.

Several research analysts have weighed in on DIS shares. Needham & Company LLC restated a “hold” rating on shares of Walt Disney in a research report on Wednesday, August 7th. Citigroup restated a “buy” rating and set a $160.00 target price (up from $132.00) on shares of Walt Disney in a research report on Thursday, June 6th. Imperial Capital lowered their target price on shares of Walt Disney from $140.00 to $139.00 and set an “in-line” rating on the stock in a research report on Thursday. Zacks Investment Research upgraded shares of Walt Disney from a “strong sell” rating to a “hold” rating and set a $120.00 target price on the stock in a research report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. restated a “buy” rating and set a $150.00 target price on shares of Walt Disney in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, six 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 an average target price of $147.21.

In related news, EVP Alan N. Braverman sold 94,462 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $141.18, for a total transaction of $13,336,145.16. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $144.25, for a total transaction of $288,500.00. The disclosure for this sale can be found here. Insiders sold 98,662 shares of company stock worth $13,947,341 over the last quarter. Company 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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