Whalerock Point Partners LLC Acquires Shares of 16,225 Walt Disney Company (The) (DIS)

Whalerock Point Partners LLC acquired a new position in shares of Walt Disney Company (The) (NYSE:DIS) during the third quarter, Holdings Channel reports. The institutional investor acquired 16,225 shares of the entertainment giant’s stock, valued at approximately $1,506,000.

Several other large investors also recently made changes to their positions in the stock. Destination Wealth Management increased its stake in shares of Walt Disney Company (The) by 2.6% in the second quarter. Destination Wealth Management now owns 170,432 shares of the entertainment giant’s stock valued at $16,672,000 after buying an additional 4,363 shares during the period. Cordasco Financial Network increased its stake in shares of Walt Disney Company (The) by 149.8% in the second quarter. Cordasco Financial Network now owns 1,501 shares of the entertainment giant’s stock valued at $147,000 after buying an additional 900 shares during the period. Rehmann Capital Advisory Group increased its stake in shares of Walt Disney Company (The) by 1.6% in the second quarter. Rehmann Capital Advisory Group now owns 17,718 shares of the entertainment giant’s stock valued at $1,733,000 after buying an additional 283 shares during the period. Court Place Advisors LLC increased its stake in shares of Walt Disney Company (The) by 3.9% in the second quarter. Court Place Advisors LLC now owns 7,327 shares of the entertainment giant’s stock valued at $717,000 after buying an additional 276 shares during the period. Finally, Stoneridge Investment Partners LLC increased its stake in shares of Walt Disney Company (The) by 20.9% in the second quarter. Stoneridge Investment Partners LLC now owns 63,164 shares of the entertainment giant’s stock valued at $6,179,000 after buying an additional 10,899 shares during the period. Institutional investors own 58.65% of the company’s stock.

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

Walt Disney Company (NYSE:DIS) opened at 110.33 on Wednesday. The company has a market capitalization of $174.46 billion, a PE ratio of 19.92 and a beta of 1.25. Walt Disney Company has a 52 week low of $89.61 and a 52 week high of $111.99. The firm has a 50-day moving average of $108.28 and a 200-day moving average of $99.03.

Walt Disney Company (The) (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 7th. The entertainment giant reported $1.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.05. Walt Disney Company (The) had a net margin of 16.29% and a return on equity of 19.43%. The company earned $14.78 billion during the quarter, compared to the consensus estimate of $15.30 billion. During the same quarter in the prior year, the firm posted $1.63 EPS. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. Equities analysts expect that Walt Disney Company will post $5.94 earnings per share for the current fiscal year.

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Several analysts have issued reports on the stock. Vetr downgraded shares of Walt Disney Company (The) from a “buy” rating to a “hold” rating and set a $115.54 target price on the stock. in a research note on Wednesday, February 1st. Guggenheim reissued a “neutral” rating and set a $118.00 target price on shares of Walt Disney Company (The) in a research note on Tuesday, January 31st. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) raised shares of Walt Disney Company (The) from a “neutral” rating to a “buy” rating and boosted their target price for the company from $109.00 to $134.00 in a research note on Tuesday, February 7th. FBR & Co reaffirmed a “market perform” rating and issued a $116.00 price target on shares of Walt Disney Company (The) in a research note on Friday, February 10th. Finally, Drexel Hamilton reaffirmed a “hold” rating and issued a $107.00 price target on shares of Walt Disney Company (The) in a research note on Thursday, January 12th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $114.58.

In other news, EVP Brent Woodford sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $104.50, for a total transaction of $209,000.00. Following the completion of the sale, the executive vice president now owns 27,659 shares of the company’s stock, valued at approximately $2,890,365.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 13,007 shares of company stock valued at $1,382,380. 13.00% of the stock is currently owned by insiders.

About Walt Disney Company (The)

The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.

5 Day Chart for NYSE:DIS

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