St. Johns Investment Management Company LLC Sells 1,307 Shares of Walt Disney Co (DIS)

St. Johns Investment Management Company LLC reduced its stake in Walt Disney Co (NYSE:DIS) by 7.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,183 shares of the entertainment giant’s stock after selling 1,307 shares during the period. Walt Disney makes up about 1.3% of St. Johns Investment Management Company LLC’s investment portfolio, making the stock its 20th biggest holding. St. Johns Investment Management Company LLC’s holdings in Walt Disney were worth $1,776,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Phocas Financial Corp. grew its stake in shares of 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 grew its stake in shares of 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. Schwab Charles Investment Management Inc. grew its stake in shares of Walt Disney by 2.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 5,966,257 shares of the entertainment giant’s stock valued at $625,324,000 after acquiring an additional 159,265 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Walt Disney by 5.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,979,316 shares of the entertainment giant’s stock valued at $521,882,000 after acquiring an additional 254,293 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Walt Disney by 2.6% during the second quarter. Swiss National Bank now owns 4,971,428 shares of the entertainment giant’s stock valued at $521,055,000 after acquiring an additional 125,900 shares in the last quarter. Hedge funds and other institutional investors own 62.64% of the company’s stock.

Shares of NYSE DIS opened at $112.08 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 0.32. Walt Disney Co has a 52-week low of $97.68 and a 52-week high of $120.20. The stock has a market capitalization of $166.85 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 1.68 and a beta of 1.17.

Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $14.30 billion for the quarter, compared to analysts’ expectations of $13.76 billion. During the same quarter last year, the company posted $1.07 earnings per share. Walt Disney’s revenue was up 11.9% on a year-over-year basis. As a group, analysts anticipate that Walt Disney Co will post 7.08 EPS for the current fiscal year.

In other Walt Disney news, Chairman Robert A. Iger sold 47,733 shares of the firm’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $120.00, for a total value of $5,727,960.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brent Woodford sold 952 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $111.87, for a total transaction of $106,500.24. Following the completion of the transaction, the executive vice president now directly owns 26,698 shares in the company, valued at approximately $2,986,705.26. The disclosure for this sale can be found here. Insiders sold 78,838 shares of company stock worth $9,391,319 in the last three months. 0.38% of the stock is currently owned by corporate insiders.

Several equities analysts have recently commented on the stock. Imperial Capital increased their price target 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. B. Riley reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Friday, November 9th. BMO Capital Markets increased their price target 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. Royal Bank of Canada reaffirmed a “buy” rating and set a $140.00 price target on shares of Walt Disney in a research report on Wednesday, August 8th. Finally, ValuEngine raised shares of Walt Disney from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $121.54.

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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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