Professional Planning Grows Position in Walt Disney Co (DIS)

Professional Planning increased its stake in shares of Walt Disney Co (NYSE:DIS) by 4.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,133 shares of the entertainment giant’s stock after buying an additional 596 shares during the quarter. Walt Disney comprises about 2.3% of Professional Planning’s holdings, making the stock its 12th largest position. Professional Planning’s holdings in Walt Disney were worth $1,653,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Carret Asset Management LLC lifted its position in Walt Disney by 0.5% in the second quarter. Carret Asset Management LLC now owns 91,493 shares of the entertainment giant’s stock valued at $9,589,000 after purchasing an additional 450 shares during the period. Beaton Management Co. Inc. lifted its position in shares of Walt Disney by 1.9% during the 2nd quarter. Beaton Management Co. Inc. now owns 24,339 shares of the entertainment giant’s stock valued at $2,551,000 after acquiring an additional 450 shares during the period. Fairfield Bush & CO. lifted its position in shares of Walt Disney by 2.3% during the 2nd quarter. Fairfield Bush & CO. now owns 19,740 shares of the entertainment giant’s stock valued at $2,069,000 after acquiring an additional 450 shares during the period. Wealth Architects LLC lifted its position in shares of Walt Disney by 18.0% during the 3rd quarter. Wealth Architects LLC now owns 2,968 shares of the entertainment giant’s stock valued at $347,000 after acquiring an additional 452 shares during the period. Finally, Folger Nolan Fleming Douglas Capital Management Inc. lifted its position in shares of Walt Disney by 0.8% during the 2nd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 56,452 shares of the entertainment giant’s stock valued at $5,916,000 after acquiring an additional 455 shares during the period. 62.64% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Chairman Robert A. Iger sold 47,733 shares of the business’s stock in a transaction 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 Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the executive vice president now directly owns 26,698 shares of the company’s stock, valued at $2,986,705.26. The disclosure for this sale can be found here. Insiders sold a total of 78,838 shares of company stock valued at $9,391,319 over the last ninety days. 0.38% of the stock is owned by corporate insiders.

A number of research firms have recently issued reports on DIS. Bank of America set a $144.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research report on Wednesday, August 8th. Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. B. Riley reiterated a “neutral” rating on shares of Walt Disney in a research report on Friday, November 9th. Morgan Stanley lifted their price target on shares of Walt Disney from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, October 15th. Finally, BMO Capital Markets lifted their price target 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. Walt Disney has an average rating of “Buy” and a consensus price target of $121.54.

DIS stock opened at $113.03 on Friday. The company has a market capitalization of $168.10 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 1.69 and a beta of 1.17. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.94 and a quick ratio of 0.86. Walt Disney Co has a one year low of $97.68 and a one year high of $120.20.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 8th. The entertainment giant reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 21.20% and a return on equity of 21.43%. Walt Disney’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.07 EPS. As a group, sell-side analysts expect that Walt Disney Co will post 7.08 EPS for the current year.

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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 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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