Walt Disney Co (NYSE:DIS) Position Raised by Eads & Heald Wealth Management

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Eads & Heald Wealth Management raised its stake in Walt Disney Co (NYSE:DIS) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,929 shares of the entertainment giant’s stock after acquiring an additional 460 shares during the period. Walt Disney makes up 1.3% of Eads & Heald Wealth Management’s portfolio, making the stock its 19th biggest position. Eads & Heald Wealth Management’s holdings in Walt Disney were worth $2,089,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Geode Capital Management LLC increased its position in Walt Disney by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 16,886,345 shares of the entertainment giant’s stock worth $1,811,851,000 after buying an additional 61,296 shares in the last quarter. Franklin Resources Inc. grew its holdings in Walt Disney by 1.5% during the 4th quarter. Franklin Resources Inc. now owns 13,496,173 shares of the entertainment giant’s stock valued at $1,450,978,000 after buying an additional 194,342 shares in the last quarter. Clearbridge Investments LLC grew its holdings in Walt Disney by 1.5% during the 4th quarter. Clearbridge Investments LLC now owns 8,518,119 shares of the entertainment giant’s stock valued at $915,783,000 after buying an additional 129,750 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of Walt Disney by 2.6% in the 4th quarter. TIAA CREF Investment Management LLC now owns 7,237,916 shares of the entertainment giant’s stock valued at $778,148,000 after purchasing an additional 182,031 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Walt Disney by 4.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 5,806,992 shares of the entertainment giant’s stock valued at $583,255,000 after purchasing an additional 235,031 shares during the last quarter. 63.05% of the stock is currently owned by hedge funds and other institutional investors.

NYSE DIS traded down $1.41 during trading hours on Friday, reaching $109.26. The company’s stock had a trading volume of 5,966,780 shares, compared to its average volume of 4,524,776. The stock has a market capitalization of $162.79 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 1.45 and a beta of 1.31. Walt Disney Co has a 1-year low of $96.80 and a 1-year high of $117.90. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.35.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.10). Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. The business had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.49 billion. During the same period in the previous year, the company posted $1.58 EPS. equities analysts predict that Walt Disney Co will post 6.92 EPS for the current fiscal year.

In related news, Chairman Robert A. Iger sold 437,679 shares of the stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $115.00, for a total value of $50,333,085.00. Following the completion of the transaction, the chairman now directly owns 1,498,871 shares in the company, valued at $172,370,165. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brent Woodford sold 768 shares of the stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $104.35, for a total value of $80,140.80. Following the completion of the transaction, the executive vice president now owns 28,493 shares of the company’s stock, valued at $2,973,244.55. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 710,954 shares of company stock valued at $80,620,932. 0.38% of the stock is owned by company insiders.

Several equities research analysts have recently issued reports on DIS shares. ValuEngine raised Walt Disney from a “sell” rating to a “hold” rating in a research note on Friday, June 15th. Pivotal Research lowered Walt Disney from a “hold” rating to a “sell” rating and set a $93.00 price target for the company. in a research note on Monday, June 18th. Zacks Investment Research raised Walt Disney from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a research report on Monday, June 18th. Imperial Capital assumed coverage on Walt Disney in a research report on Thursday, June 28th. They set an “in-line” rating and a $108.00 target price for the company. Finally, Credit Suisse Group assumed coverage on Walt Disney in a report on Tuesday, July 10th. They issued a “neutral” rating and a $114.00 price target on the stock. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $119.45.

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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