Vivaldi Capital Management LLC Decreases Position in Walt Disney Co (NYSE:DIS)

Vivaldi Capital Management LLC decreased its holdings in shares of Walt Disney Co (NYSE:DIS) by 9.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,084 shares of the entertainment giant’s stock after selling 896 shares during the quarter. Vivaldi Capital Management LLC’s holdings in Walt Disney were worth $1,269,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of DIS. First Trust Bank Ltd. purchased a new stake in Walt Disney in the second quarter valued at approximately $2,639,000. Zurich Insurance Group Ltd FI raised its stake in shares of Walt Disney by 12.2% during the second quarter. Zurich Insurance Group Ltd FI now owns 390,030 shares of the entertainment giant’s stock worth $54,464,000 after purchasing an additional 42,559 shares during the last quarter. Morgan Stanley raised its stake in shares of Walt Disney by 29.9% during the second quarter. Morgan Stanley now owns 27,743,170 shares of the entertainment giant’s stock worth $3,874,059,000 after purchasing an additional 6,386,504 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of Walt Disney by 6.2% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 15,190 shares of the entertainment giant’s stock worth $2,121,000 after purchasing an additional 893 shares during the last quarter. Finally, Apriem Advisors raised its stake in shares of Walt Disney by 7.1% during the second quarter. Apriem Advisors now owns 4,780 shares of the entertainment giant’s stock worth $667,000 after purchasing an additional 318 shares during the last quarter. Hedge funds and other institutional investors own 68.41% of the company’s stock.

DIS stock traded down $0.75 on Friday, reaching $132.56. 11,177,334 shares of the company’s stock were exchanged, compared to its average volume of 6,161,229. The stock has a fifty day moving average of $137.10 and a 200-day moving average of $132.43. Walt Disney Co has a twelve month low of $100.35 and a twelve month high of $147.15. The firm has a market cap of $245.55 billion, a PE ratio of 18.72, a P/E/G ratio of 4.51 and a beta of 0.97. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.41). Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. The business had revenue of $20.25 billion for the quarter, compared to analyst estimates of $21.40 billion. During the same period in the prior year, the company earned $1.87 EPS. The company’s revenue was up 32.9% on a year-over-year basis. On average, equities research analysts predict that Walt Disney Co will post 6 EPS for the current fiscal year.

Several research firms have recently commented on DIS. Sanford C. Bernstein set a $130.00 price target on Walt Disney and gave the stock a “hold” rating in a research note on Thursday, September 12th. Moffett Nathanson set a $150.00 price target on Walt Disney and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Needham & Company LLC restated a “hold” rating on shares of Walt Disney in a research note on Wednesday, August 7th. Imperial Capital cut their price target on Walt Disney from $140.00 to $139.00 and set an “in-line” rating for the company in a research note on Thursday. Finally, JPMorgan Chase & Co. restated a “buy” rating and set a $150.00 price target on shares of Walt Disney in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nineteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $147.21.

In other Walt Disney news, EVP Alan N. Braverman sold 94,462 shares of the company’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $141.18, for a total value of $13,336,145.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Brent Woodford sold 2,200 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $146.68, for a total value of $322,696.00. Following the completion of the sale, the executive vice president now directly owns 34,679 shares in the company, valued at approximately $5,086,715.72. The disclosure for this sale can be found here. Insiders sold 98,662 shares of company stock worth $13,947,341 in the last three months. 0.36% of the stock is owned by corporate insiders.

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 businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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

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