The Walt Disney Company (NYSE:DIS) Shares Acquired by Busey Wealth Management


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Busey Wealth Management lifted its stake in shares of The Walt Disney Company (NYSE:DIS) by 3.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 94,369 shares of the entertainment giant’s stock after acquiring an additional 2,972 shares during the quarter. Busey Wealth Management’s holdings in The Walt Disney were worth $17,413,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Centric Wealth Management increased its stake in The Walt Disney by 1.5% in the first quarter. Centric Wealth Management now owns 3,655 shares of the entertainment giant’s stock valued at $674,000 after acquiring an additional 53 shares during the period. Novak Financial Planning LLC lifted its position in shares of The Walt Disney by 1.3% during the first quarter. Novak Financial Planning LLC now owns 4,176 shares of the entertainment giant’s stock worth $771,000 after purchasing an additional 54 shares in the last quarter. Advanced Research Investment Solutions LLC lifted its position in shares of The Walt Disney by 50.9% during the fourth quarter. Advanced Research Investment Solutions LLC now owns 163 shares of the entertainment giant’s stock worth $30,000 after purchasing an additional 55 shares in the last quarter. Regal Wealth Group Inc. lifted its position in shares of The Walt Disney by 2.9% during the first quarter. Regal Wealth Group Inc. now owns 1,953 shares of the entertainment giant’s stock worth $360,000 after purchasing an additional 55 shares in the last quarter. Finally, Sterling Investment Management Inc. lifted its position in shares of The Walt Disney by 1.0% during the fourth quarter. Sterling Investment Management Inc. now owns 6,041 shares of the entertainment giant’s stock worth $1,095,000 after purchasing an additional 58 shares in the last quarter. Institutional investors and hedge funds own 62.83% of the company’s stock.

Shares of NYSE DIS opened at $183.11 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.32 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average price is $189.84 and its two-hundred day moving average price is $166.62. The Walt Disney Company has a 52-week low of $98.86 and a 52-week high of $203.02. The stock has a market capitalization of $332.39 billion, a P/E ratio of -115.16, a P/E/G ratio of 5.07 and a beta of 1.20.

The Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, February 10th. The entertainment giant reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.45) by $0.77. The firm had revenue of $16.25 billion for the quarter, compared to analysts’ expectations of $15.84 billion. The Walt Disney had a negative net margin of 4.38% and a positive return on equity of 4.05%. As a group, equities research analysts expect that The Walt Disney Company will post 1.69 earnings per share for the current year.

A number of research firms recently weighed in on DIS. Credit Suisse Group boosted their price target on shares of The Walt Disney from $192.00 to $218.00 and gave the stock an “outperform” rating in a research note on Friday, February 12th. They noted that the move was a valuation call. Loop Capital boosted their price target on shares of The Walt Disney from $190.00 to $230.00 in a research note on Friday, February 12th. Moffett Nathanson boosted their price target on shares of The Walt Disney from $160.00 to $180.00 in a research note on Friday, January 15th. Deutsche Bank Aktiengesellschaft upped their target price on shares of The Walt Disney from $185.00 to $222.00 and gave the company a “buy” rating in a research note on Tuesday, February 16th. Finally, Citigroup increased their price target on shares of The Walt Disney from $205.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, March 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have given a buy rating to the company’s stock. The Walt Disney has an average rating of “Buy” and a consensus target price of $191.69.

In other The Walt Disney news, Chairman Robert A. Iger sold 120,946 shares of The Walt Disney stock in a transaction that occurred on Monday, March 8th. The shares were sold at an average price of $200.82, for a total value of $24,288,375.72. Following the transaction, the chairman now owns 1,227,381 shares in the company, valued at $246,482,652.42. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mary Jayne Parker sold 7,436 shares of The Walt Disney stock in a transaction that occurred on Tuesday, February 16th. The stock was sold at an average price of $185.60, for a total transaction of $1,380,121.60. The disclosure for this sale can be found here. Insiders have sold 880,127 shares of company stock worth $165,481,307 in the last quarter. Company insiders own 0.31% of the company’s stock.

The Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.

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Institutional Ownership by Quarter for The Walt Disney (NYSE:DIS)

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