DNB Asset Management AS cut its holdings in shares of Walt Disney Co (NYSE:DIS) by 0.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 248,372 shares of the entertainment giant’s stock after selling 673 shares during the quarter. DNB Asset Management AS’s holdings in Walt Disney were worth $29,045,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Trilogy Capital Inc. bought a new stake in shares of Walt Disney during the first quarter valued at about $107,000. CSat Investment Advisory L.P. bought a new stake in shares of Walt Disney during the second quarter valued at about $112,000. Live Your Vision LLC increased its position in shares of Walt Disney by 91.6% during the second 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 period. BDO Wealth Advisors LLC increased its position in shares of Walt Disney by 184.3% during the first 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 period. Finally, Marshall & Sullivan Inc. WA bought a new stake in shares of Walt Disney during the second quarter valued at about $121,000. 63.15% of the stock is currently owned by institutional investors and hedge funds.
In other Walt Disney news, Chairman Robert A. Iger sold 47,733 shares of the stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $120.00, for a total transaction of $5,727,960.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Brent Woodford sold 952 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $111.87, for a total transaction of $106,500.24. Following the transaction, the executive vice president now owns 26,698 shares in the company, valued at $2,986,705.26. The disclosure for this sale can be found here. Insiders have sold 78,838 shares of company stock worth $9,391,319 over the last quarter. Company insiders own 0.38% of the company’s stock.
Walt Disney (NYSE:DIS) last issued 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. Walt Disney had a net margin of 20.76% and a return on equity of 21.37%. The business had revenue of $14.30 billion for the quarter, compared to analysts’ expectations of $13.76 billion. During the same period last year, the business earned $1.07 earnings per share. The business’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, sell-side analysts predict that Walt Disney Co will post 6.92 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research cut Walt Disney from a “buy” rating to a “hold” rating in a research report on Saturday, July 14th. Imperial Capital upped their price objective on shares of Walt Disney from $108.00 to $112.00 and gave the stock an “inline” rating in a research report on Wednesday, August 8th. Loop Capital upped their price objective on shares of Walt Disney to $130.00 and gave the stock a “buy” rating in a research report on Friday. Bank of America initiated coverage on shares of Walt Disney in a research report on Friday, July 20th. They issued a “buy” rating and a $144.00 price objective on the stock. Finally, BMO Capital Markets upped their price objective on shares of Walt Disney from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company’s stock. Walt Disney currently has an average rating of “Buy” and a consensus price target of $120.99.
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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