Alphinity Investment Management Pty Ltd bought a new position in Walt Disney Co (NYSE:DIS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 180,380 shares of the entertainment giant’s stock, valued at approximately $18,906,000. Walt Disney comprises 3.8% of Alphinity Investment Management Pty Ltd’s portfolio, making the stock its 11th largest position.
A number of other hedge funds have also recently modified their holdings of DIS. Trilogy Capital Inc. acquired a new stake in Walt Disney during the 1st quarter worth about $107,000. Live Your Vision LLC grew its position in shares of Walt Disney by 91.6% during the 2nd quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock valued at $113,000 after acquiring an additional 500 shares during the period. BDO Wealth Advisors LLC grew its position in shares of Walt Disney by 184.3% during the 1st quarter. BDO Wealth Advisors LLC now owns 1,140 shares of the entertainment giant’s stock valued at $114,000 after acquiring an additional 739 shares during the period. Bruderman Asset Management LLC acquired a new stake in shares of Walt Disney during the 1st quarter valued at about $116,000. Finally, Marshall & Sullivan Inc. WA acquired a new stake in shares of Walt Disney during the 2nd quarter valued at about $121,000. Institutional investors own 63.15% of the company’s stock.
In related news, Chairman Robert A. Iger sold 47,733 shares of Walt Disney stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $120.00, for a total value of $5,727,960.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brent Woodford sold 952 shares of Walt Disney stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 26,698 shares of the company’s stock, valued at approximately $2,986,705.26. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 78,838 shares of company stock worth $9,391,319. Corporate insiders own 0.38% of the company’s stock.
Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 8th. The entertainment giant reported $1.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.17. The firm had revenue of $14.30 billion for the quarter, compared to analyst estimates of $13.76 billion. Walt Disney had a net margin of 20.76% and a return on equity of 21.37%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.07 EPS. On average, equities analysts anticipate that Walt Disney Co will post 7.25 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on the company. Loop Capital raised their target price on Walt Disney to $130.00 and gave the company a “buy” rating in a research report on Friday. ValuEngine upgraded Walt Disney from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $104.00 to $130.00 in a research report on Friday, October 19th. Morgan Stanley raised their target price on Walt Disney from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, October 15th. Finally, Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a research report on Monday, October 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $120.99.
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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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