United Capital Management of KS Inc. Invests $1.38 Million in Walt Disney Co (DIS) Stock

United Capital Management of KS Inc. bought a new position in shares of Walt Disney Co (NYSE:DIS) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 12,595 shares of the entertainment giant’s stock, valued at approximately $1,383,000. Walt Disney accounts for about 1.1% of United Capital Management of KS Inc.’s portfolio, making the stock its 27th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in DIS. Phocas Financial Corp. boosted its holdings in Walt Disney by 989,639.9% during the second quarter. Phocas Financial Corp. now owns 67,054,876 shares of the entertainment giant’s stock worth $703,000 after purchasing an additional 67,048,101 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Walt Disney by 22.2% during the second quarter. Dimensional Fund Advisors LP now owns 6,228,738 shares of the entertainment giant’s stock worth $652,841,000 after purchasing an additional 1,129,743 shares during the last quarter. Ruffer LLP boosted its holdings in Walt Disney by 39.1% during the second quarter. Ruffer LLP now owns 3,977,520 shares of the entertainment giant’s stock worth $417,261,000 after purchasing an additional 1,117,959 shares during the last quarter. Cornerstone Wealth Management LLC boosted its holdings in Walt Disney by 10,630.8% during the second quarter. Cornerstone Wealth Management LLC now owns 1,022,536 shares of the entertainment giant’s stock worth $9,705,000 after purchasing an additional 1,013,007 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Walt Disney by 112.1% during the second quarter. Renaissance Technologies LLC now owns 1,665,507 shares of the entertainment giant’s stock worth $174,562,000 after purchasing an additional 880,100 shares during the last quarter. Institutional investors and hedge funds own 63.15% of the company’s stock.

Shares of DIS stock opened at $116.00 on Friday. The firm has a market capitalization of $173.58 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 1.47 and a beta of 1.17. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 0.35. Walt Disney Co has a one year low of $97.68 and a one year high of $119.69.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 8th. The entertainment giant reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.17. The firm had revenue of $14.30 billion during the quarter, compared to analysts’ expectations of $13.76 billion. Walt Disney had a net margin of 20.76% and a return on equity of 21.37%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.07 earnings per share. As a group, equities research analysts predict that Walt Disney Co will post 6.92 earnings per share for the current fiscal year.

Several research analysts recently commented on the stock. ValuEngine upgraded shares of Walt Disney from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Barclays upgraded shares of Walt Disney from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $104.00 to $130.00 in a report on Friday, October 19th. Morgan Stanley increased their target price on shares of Walt Disney from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, October 15th. Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Monday, October 1st. Finally, Pivotal Research restated a “sell” rating and set a $95.00 target price on shares of Walt Disney in a report on Sunday, September 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $120.99.

In other news, EVP Mary Jayne Parker sold 29,192 shares of the firm’s stock in a transaction dated Wednesday, October 3rd. The shares were sold at an average price of $117.99, for a total transaction of $3,444,364.08. Following the completion of the sale, the executive vice president now owns 29,199 shares in the company, valued at approximately $3,445,190.01. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Brent Woodford sold 961 shares of the firm’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $117.06, for a total transaction of $112,494.66. Following the sale, the executive vice president now owns 25,737 shares of the company’s stock, valued at approximately $3,012,773.22. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,105 shares of company stock valued at $3,663,359. Corporate insiders own 0.38% of the company’s stock.

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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 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.

Further Reading: S&P 500 Index

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

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