Boulegeris Investments Inc. trimmed its position in Walt Disney Co (NYSE:DIS) by 3.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,408 shares of the entertainment giant’s stock after selling 735 shares during the quarter. Walt Disney makes up 1.0% of Boulegeris Investments Inc.’s portfolio, making the stock its 23rd biggest position. Boulegeris Investments Inc.’s holdings in Walt Disney were worth $2,034,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in DIS. Dimensional Fund Advisors LP lifted its holdings in shares of Walt Disney by 22.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,228,738 shares of the entertainment giant’s stock valued at $652,841,000 after purchasing an additional 1,129,743 shares in the last quarter. Ruffer LLP raised its position in Walt Disney by 39.1% in the 2nd quarter. Ruffer LLP now owns 3,977,520 shares of the entertainment giant’s stock valued at $417,261,000 after buying an additional 1,117,959 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in Walt Disney by 10,630.8% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,022,536 shares of the entertainment giant’s stock valued at $9,705,000 after buying an additional 1,013,007 shares during the last quarter. Schroder Investment Management Group raised its position in Walt Disney by 73.7% in the 1st quarter. Schroder Investment Management Group now owns 2,174,764 shares of the entertainment giant’s stock valued at $218,434,000 after buying an additional 923,048 shares during the last quarter. Finally, Sustainable Growth Advisers LP raised its position in Walt Disney by 81.5% in the 1st quarter. Sustainable Growth Advisers LP now owns 1,951,121 shares of the entertainment giant’s stock valued at $195,971,000 after buying an additional 875,955 shares during the last quarter. Hedge funds and other institutional investors own 63.15% of the company’s stock.
DIS has been the topic of a number of recent research reports. Morgan Stanley lifted 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. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $104.00 to $130.00 in a research report on Friday, October 19th. Zacks Investment Research raised Walt Disney from a “sell” rating to a “hold” rating in a research report on Monday, September 10th. Pivotal Research reaffirmed a “sell” rating and set a $95.00 price target on shares of Walt Disney in a research report on Sunday, September 23rd. Finally, B. Riley lowered their price target on Walt Disney from $123.00 to $121.00 and set a “buy” rating on the stock in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $120.99.
Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.17. Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. The business had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $13.76 billion. During the same period in the prior year, the company earned $1.07 EPS. Walt Disney’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities research analysts anticipate that Walt Disney Co will post 7.25 earnings per share for the current fiscal year.
In other news, Chairman Robert A. Iger sold 47,733 shares of the stock in a transaction dated Friday, November 9th. The stock was 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 Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brent Woodford sold 952 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $111.87, for a total value of $106,500.24. Following the completion of the sale, the executive vice president now directly 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 sold 78,838 shares of company stock valued at $9,391,319. Insiders own 0.38% of the company’s stock.
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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 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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