Walt Disney Co (NYSE:DIS) Shares Purchased by Welch Group LLC

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Welch Group LLC grew its stake in shares of Walt Disney Co (NYSE:DIS) by 3.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,066 shares of the entertainment giant’s stock after acquiring an additional 294 shares during the quarter. Welch Group LLC’s holdings in Walt Disney were worth $1,051,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of DIS. Neville Rodie & Shaw Inc. increased its holdings in shares of Walt Disney by 3.6% during the second quarter. Neville Rodie & Shaw Inc. now owns 105,566 shares of the entertainment giant’s stock valued at $14,741,000 after acquiring an additional 3,669 shares in the last quarter. Bath Savings Trust Co increased its holdings in shares of Walt Disney by 1.7% during the second quarter. Bath Savings Trust Co now owns 85,792 shares of the entertainment giant’s stock valued at $11,980,000 after acquiring an additional 1,456 shares in the last quarter. Thomasville National Bank increased its holdings in Walt Disney by 1.4% in the 2nd quarter. Thomasville National Bank now owns 162,075 shares of the entertainment giant’s stock worth $22,632,000 after buying an additional 2,276 shares during the period. Private Trust Co. NA increased its holdings in Walt Disney by 3.6% in the 2nd quarter. Private Trust Co. NA now owns 22,398 shares of the entertainment giant’s stock worth $3,127,000 after buying an additional 783 shares during the period. Finally, Baystate Wealth Management LLC increased its holdings in Walt Disney by 2.7% in the 2nd quarter. Baystate Wealth Management LLC now owns 5,414 shares of the entertainment giant’s stock worth $767,000 after buying an additional 142 shares during the period. Hedge funds and other institutional investors own 68.47% of the company’s stock.

Walt Disney stock traded up $1.84 during mid-day trading on Tuesday, hitting $138.58. The company had a trading volume of 15,548,166 shares, compared to its average volume of 10,143,022. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 0.41. Walt Disney Co has a 12-month low of $100.35 and a 12-month high of $147.15. The company’s fifty day moving average is $131.36 and its 200-day moving average is $136.21. The company has a market capitalization of $249.64 billion, a price-to-earnings ratio of 24.02, a P/E/G ratio of 4.70 and a beta of 0.96.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 7th. The entertainment giant reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.12. Walt Disney had a return on equity of 11.38% and a net margin of 15.89%. The business had revenue of $19.10 billion for the quarter, compared to analyst estimates of $19.02 billion. During the same quarter in the prior year, the firm posted $1.48 EPS. The business’s quarterly revenue was up 33.6% compared to the same quarter last year. As a group, sell-side analysts expect that Walt Disney Co will post 5.83 EPS for the current fiscal year.

DIS has been the topic of several research reports. Morgan Stanley set a $160.00 price target on shares of Walt Disney and gave the stock a “buy” rating in a report on Friday, August 2nd. UBS Group cut their price target on shares of Walt Disney from $165.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Needham & Company LLC reiterated a “hold” rating on shares of Walt Disney in a report on Friday, September 27th. ValuEngine downgraded shares of Walt Disney from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Moffett Nathanson set a $150.00 price target on shares of Walt Disney and gave the stock a “buy” rating in a report on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $152.05.

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.

See Also: Straddles

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

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