The Manufacturers Life Insurance Company reduced its stake in shares of Walt Disney Co (NYSE:DIS) by 7.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,420,284 shares of the entertainment giant’s stock after selling 119,582 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.10% of Walt Disney worth $166,088,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of DIS. Smith Asset Management Group LP lifted its stake in Walt Disney by 2.4% in the second quarter. Smith Asset Management Group LP now owns 89,430 shares of the entertainment giant’s stock worth $9,373,000 after purchasing an additional 2,110 shares during the last quarter. Trexquant Investment LP raised its stake in shares of Walt Disney by 517.6% during the second quarter. Trexquant Investment LP now owns 52,156 shares of the entertainment giant’s stock valued at $5,466,000 after acquiring an additional 43,711 shares during the last quarter. Hartland & Co. LLC raised its stake in shares of Walt Disney by 1.5% during the second quarter. Hartland & Co. LLC now owns 48,752 shares of the entertainment giant’s stock valued at $5,110,000 after acquiring an additional 713 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new position in shares of Walt Disney during the second quarter valued at about $1,909,000. Finally, Cadinha & Co. LLC raised its stake in shares of Walt Disney by 15.4% during the second quarter. Cadinha & Co. LLC now owns 4,935 shares of the entertainment giant’s stock valued at $517,000 after acquiring an additional 660 shares during the last quarter. Institutional investors own 62.99% of the company’s stock.
In other Walt Disney news, EVP Brent Woodford sold 294 shares of the company’s stock in a transaction dated Friday, January 4th. The shares were sold at an average price of $110.00, for a total value of $32,340.00. Following the sale, the executive vice president now owns 26,513 shares in the company, valued at $2,916,430. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Alan N. Braverman sold 1,153 shares of the stock in a transaction that occurred on Friday, December 28th. The shares were sold at an average price of $107.70, for a total transaction of $124,178.10. Following the sale, the executive vice president now owns 106,390 shares in the company, valued at approximately $11,458,203. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,648 shares of company stock worth $1,616,684. Corporate insiders own 0.36% of the company’s stock.
Shares of DIS opened at $111.51 on Monday. The stock has a market capitalization of $166.24 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 2.68 and a beta of 0.96. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.86 and a current ratio of 1.00. Walt Disney Co has a fifty-two week low of $97.68 and a fifty-two week high of $120.20.
Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.27. The business had revenue of $15.30 billion for the quarter, compared to analysts’ expectations of $15.20 billion. Walt Disney had a net margin of 18.46% and a return on equity of 20.50%. The business’s revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.89 earnings per share. As a group, equities analysts predict that Walt Disney Co will post 7.11 earnings per share for the current year.
Several equities analysts have recently commented on DIS shares. Morgan Stanley upped their price objective on shares of Walt Disney from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, October 15th. Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $104.00 to $130.00 in a research note on Friday, October 19th. ValuEngine raised shares of Walt Disney from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Loop Capital increased their price target on shares of Walt Disney to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 9th. Finally, Argus increased their price target on shares of Walt Disney from $129.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, November 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $124.84.
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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.
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