Cullinan Associates Inc. Boosts Position in Walt Disney Co (DIS)

Cullinan Associates Inc. increased its stake in shares of Walt Disney Co (NYSE:DIS) by 3.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 105,601 shares of the entertainment giant’s stock after purchasing an additional 3,935 shares during the quarter. Walt Disney makes up approximately 0.9% of Cullinan Associates Inc.’s portfolio, making the stock its 22nd largest position. Cullinan Associates Inc.’s holdings in Walt Disney were worth $12,349,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Phocas Financial Corp. raised its position 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 valued at $703,000 after acquiring an additional 67,048,101 shares in the last quarter. Dimensional Fund Advisors LP raised its position 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 valued at $652,841,000 after acquiring an additional 1,129,743 shares in the last quarter. Ruffer LLP raised its position in Walt Disney by 39.1% during the second quarter. Ruffer LLP now owns 3,977,520 shares of the entertainment giant’s stock valued at $417,261,000 after acquiring an additional 1,117,959 shares in the last quarter. Cornerstone Wealth Management LLC raised its position 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 valued at $9,705,000 after acquiring an additional 1,013,007 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position 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 valued at $174,562,000 after acquiring an additional 880,100 shares in the last quarter. Institutional investors and hedge funds own 62.64% of the company’s stock.

In related news, EVP Brent Woodford sold 952 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $2,986,705.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Robert A. Iger sold 47,733 shares of the business’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of $120.00, for a total transaction of $5,727,960.00. The disclosure for this sale can be found here. Insiders have sold 78,838 shares of company stock worth $9,391,319 in the last ninety days. 0.38% of the stock is currently owned by insiders.

DIS has been the topic of several recent research reports. Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research report on Monday, September 10th. BMO Capital Markets raised their price objective on shares of Walt Disney from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Wednesday, August 8th. B. Riley cut their price objective on shares of Walt Disney from $123.00 to $121.00 and set a “buy” rating on the stock in a research report on Wednesday, August 8th. Imperial Capital lifted their price target on shares of Walt Disney from $108.00 to $112.00 and gave the company an “inline” rating in a research report on Wednesday, August 8th. Finally, Loop Capital lifted their price target on shares of Walt Disney to $130.00 and gave the company a “buy” rating in a research report on Friday, November 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $121.54.

NYSE:DIS opened at $113.03 on Friday. Walt Disney Co has a 12 month low of $97.68 and a 12 month high of $120.20. The company has a market capitalization of $168.10 billion, a PE ratio of 15.97, a PEG ratio of 1.69 and a beta of 1.17. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.86 and a current ratio of 0.94.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 8th. The entertainment giant reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.17. Walt Disney had a net margin of 21.20% and a return on equity of 21.43%. The company had revenue of $14.30 billion for the quarter, compared to analyst estimates of $13.76 billion. During the same quarter last year, the firm posted $1.07 earnings per share. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. Analysts predict that Walt Disney Co will post 7.08 earnings per share for the current fiscal year.

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

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