Walt Disney Co (DIS) Position Boosted by Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its holdings in Walt Disney Co (NYSE:DIS) by 6.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,500 shares of the entertainment giant’s stock after buying an additional 10,500 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Walt Disney were worth $17,870,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DIS. Carret Asset Management LLC lifted its position in shares of Walt Disney by 0.5% during the 2nd quarter. Carret Asset Management LLC now owns 91,493 shares of the entertainment giant’s stock valued at $9,589,000 after acquiring an additional 450 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. lifted its position in shares of Walt Disney by 0.8% during the 2nd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 56,452 shares of the entertainment giant’s stock valued at $5,916,000 after acquiring an additional 455 shares during the last quarter. MainStreet Investment Advisors LLC lifted its position in shares of Walt Disney by 18.6% during the 2nd quarter. MainStreet Investment Advisors LLC now owns 2,909 shares of the entertainment giant’s stock valued at $305,000 after acquiring an additional 456 shares during the last quarter. Eads & Heald Wealth Management lifted its position in shares of Walt Disney by 2.4% during the 2nd quarter. Eads & Heald Wealth Management now owns 19,929 shares of the entertainment giant’s stock valued at $2,089,000 after acquiring an additional 460 shares during the last quarter. Finally, Ausdal Financial Partners Inc. lifted its position in shares of Walt Disney by 4.3% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 11,157 shares of the entertainment giant’s stock valued at $1,169,000 after acquiring an additional 465 shares during the last quarter. 63.18% of the stock is owned by institutional investors and hedge funds.

DIS opened at $113.19 on Friday. The firm has a market capitalization of $175.90 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.49 and a beta of 1.29. Walt Disney Co has a 12-month low of $96.89 and a 12-month high of $119.69. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 0.35.



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

In other news, Chairman Robert A. Iger sold 437,679 shares of the stock in a transaction 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 sale, the chairman now owns 1,498,871 shares in the company, valued at $172,370,165. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mary Jayne Parker sold 29,192 shares of the stock in a transaction on Wednesday, October 3rd. The stock was sold at an average price of $117.99, for a total value of $3,444,364.08. Following the sale, the executive vice president now owns 29,199 shares of the company’s stock, valued at $3,445,190.01. The disclosure for this sale can be found here. Insiders sold 599,701 shares of company stock valued at $69,049,384 in the last 90 days. Corporate insiders own 0.38% of the company’s stock.

A number of equities research analysts have recently commented on DIS shares. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a research report on Monday, September 10th. Morgan Stanley increased their price objective on Walt Disney from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, October 15th. Pivotal Research reiterated a “sell” rating and set a $95.00 price objective on shares of Walt Disney in a research report on Sunday, September 23rd. B. Riley cut their price objective on Walt Disney from $123.00 to $121.00 and set a “buy” rating for the company in a research report on Wednesday, August 8th. Finally, Bank of America set a $144.00 price objective on Walt Disney and gave the company a “buy” rating in a research report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $120.90.

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

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