The Walt Disney Company (NYSE:DIS) Stake Raised by BBVA USA Bancshares Inc.

BBVA USA Bancshares Inc. increased its holdings in The Walt Disney Company (NYSE:DIS) by 9.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,876 shares of the entertainment giant’s stock after acquiring an additional 10,794 shares during the period. The Walt Disney comprises about 0.9% of BBVA USA Bancshares Inc.’s holdings, making the stock its 22nd largest holding. BBVA USA Bancshares Inc.’s holdings in The Walt Disney were worth $15,865,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Checchi Capital Advisers LLC raised its stake in shares of The Walt Disney by 8.0% during the 2nd quarter. Checchi Capital Advisers LLC now owns 24,546 shares of the entertainment giant’s stock worth $2,737,000 after purchasing an additional 1,823 shares in the last quarter. Raymond James Trust N.A. raised its stake in shares of The Walt Disney by 2.3% during the 3rd quarter. Raymond James Trust N.A. now owns 132,233 shares of the entertainment giant’s stock worth $16,407,000 after purchasing an additional 2,977 shares in the last quarter. Asset Dedication LLC raised its stake in shares of The Walt Disney by 8.2% during the 2nd quarter. Asset Dedication LLC now owns 22,418 shares of the entertainment giant’s stock worth $2,512,000 after purchasing an additional 1,694 shares in the last quarter. Private Vista LLC raised its stake in shares of The Walt Disney by 26.8% during the 2nd quarter. Private Vista LLC now owns 4,870 shares of the entertainment giant’s stock worth $545,000 after purchasing an additional 1,028 shares in the last quarter. Finally, Wesbanco Bank Inc. raised its stake in shares of The Walt Disney by 0.9% during the 2nd quarter. Wesbanco Bank Inc. now owns 194,967 shares of the entertainment giant’s stock worth $21,741,000 after purchasing an additional 1,679 shares in the last quarter. 62.72% of the stock is owned by hedge funds and other institutional investors.

Shares of DIS stock opened at $118.47 on Thursday. The stock’s fifty day simple moving average is $126.66 and its 200 day simple moving average is $119.66. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 1.29. The firm has a market cap of $214.08 billion, a price-to-earnings ratio of -191.08, a P/E/G ratio of 6.24 and a beta of 1.09. The Walt Disney Company has a one year low of $79.07 and a one year high of $153.41.

The Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, August 4th. The entertainment giant reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.64) by $0.72. The Walt Disney had a positive return on equity of 6.58% and a negative net margin of 1.58%. The firm had revenue of $11.80 billion during the quarter, compared to the consensus estimate of $12.48 billion. During the same quarter in the previous year, the company posted $1.35 EPS. The business’s revenue for the quarter was down 41.7% compared to the same quarter last year. On average, research analysts anticipate that The Walt Disney Company will post 1.62 earnings per share for the current year.

In other The Walt Disney news, EVP Brent Woodford sold 2,000 shares of The Walt Disney stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $130.95, for a total value of $261,900.00. Following the completion of the transaction, the executive vice president now owns 36,620 shares in the company, valued at approximately $4,795,389. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.31% of the company’s stock.

DIS has been the subject of a number of recent research reports. Tigress Financial reaffirmed a “buy” rating on shares of The Walt Disney in a research note on Sunday, August 23rd. ValuEngine raised The Walt Disney from a “hold” rating to a “buy” rating in a research note on Thursday, October 1st. Guggenheim raised The Walt Disney from a “neutral” rating to a “buy” rating and set a $140.00 price objective on the stock in a research note on Wednesday, August 5th. Royal Bank of Canada reissued a “neutral” rating and issued a $124.00 price objective on shares of The Walt Disney in a research note on Tuesday, October 13th. Finally, BMO Capital Markets raised their price objective on The Walt Disney from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $134.70.

About The Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight owned domestic television stations.

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

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