Visionary Asset Management Inc. increased its stake in Walt Disney Co (NYSE:DIS) by 106.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,099 shares of the entertainment giant’s stock after purchasing an additional 2,111 shares during the quarter. Visionary Asset Management Inc.’s holdings in Walt Disney were worth $479,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of DIS. Trilogy Capital Inc. acquired a new stake in shares of Walt Disney during the 1st quarter valued at about $107,000. CSat Investment Advisory L.P. acquired a new stake in shares of Walt Disney during the 2nd quarter valued at about $112,000. Live Your Vision LLC lifted its holdings in shares of Walt Disney by 91.6% during the 2nd quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock valued at $113,000 after buying an additional 500 shares during the last quarter. BDO Wealth Advisors LLC lifted its holdings in shares of Walt Disney by 184.3% during the 1st quarter. BDO Wealth Advisors LLC now owns 1,140 shares of the entertainment giant’s stock valued at $114,000 after buying an additional 739 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new stake in shares of Walt Disney during the 2nd quarter valued at about $121,000. 63.15% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Brent Woodford sold 961 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $117.06, for a total value of $112,494.66. Following the completion of the sale, the executive vice president now directly owns 25,737 shares in the company, valued at approximately $3,012,773.22. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mary Jayne Parker sold 29,192 shares of the business’s stock in a transaction that occurred on Wednesday, October 3rd. The stock was sold at an average price of $117.99, for a total value of $3,444,364.08. Following the completion of the sale, the executive vice president now owns 29,199 shares of the company’s stock, valued at $3,445,190.01. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,105 shares of company stock valued at $3,663,359. Corporate insiders own 0.38% of the company’s stock.
Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.97 by ($0.10). Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. The company had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.49 billion. During the same quarter last year, the firm posted $1.58 earnings per share. Equities analysts expect that Walt Disney Co will post 6.92 earnings per share for the current year.
Several equities research analysts have recently issued reports on DIS shares. Bank of America started coverage on Walt Disney in a report on Friday, July 20th. They set a “buy” rating and a $144.00 price target for the company. Royal Bank of Canada reiterated a “buy” rating and set a $140.00 price target on shares of Walt Disney in a report on Wednesday, August 8th. B. Riley reduced their price target on Walt Disney from $123.00 to $121.00 and set a “buy” rating for the company in a report on Wednesday, August 8th. ValuEngine upgraded Walt Disney from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Finally, Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $120.99.
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Walt Disney Company Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.
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