Fairfield Bush & CO. Increases Position in Walt Disney Co (DIS)

Fairfield Bush & CO. boosted its position in Walt Disney Co (NYSE:DIS) by 2.3% during the second quarter, HoldingsChannel.com reports. The fund owned 19,740 shares of the entertainment giant’s stock after buying an additional 450 shares during the quarter. Fairfield Bush & CO.’s holdings in Walt Disney were worth $2,069,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. HC Financial Advisors Inc. purchased a new stake in Walt Disney in the 4th quarter valued at approximately $2,797,000. Providence Capital Advisors LLC boosted its holdings in Walt Disney by 4.7% in the 1st quarter. Providence Capital Advisors LLC now owns 16,733 shares of the entertainment giant’s stock valued at $1,681,000 after purchasing an additional 750 shares in the last quarter. Peapack Gladstone Financial Corp boosted its holdings in Walt Disney by 1.6% in the 1st quarter. Peapack Gladstone Financial Corp now owns 203,756 shares of the entertainment giant’s stock valued at $20,465,000 after purchasing an additional 3,247 shares in the last quarter. Stratos Wealth Partners LTD. boosted its holdings in Walt Disney by 7.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 90,103 shares of the entertainment giant’s stock valued at $9,050,000 after purchasing an additional 5,891 shares in the last quarter. Finally, SVA Plumb Wealth Management LLC boosted its holdings in Walt Disney by 228.3% in the 1st quarter. SVA Plumb Wealth Management LLC now owns 66,338 shares of the entertainment giant’s stock valued at $6,539,000 after purchasing an additional 46,133 shares in the last quarter. Institutional investors and hedge funds own 63.18% of the company’s stock.

Shares of DIS opened at $114.83 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.88 and a quick ratio of 0.81. The firm has a market capitalization of $168.34 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 1.43 and a beta of 1.29. Walt Disney Co has a fifty-two week low of $97.38 and a fifty-two week high of $119.69.



Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.97 by ($0.10). The business had revenue of $15.23 billion during the quarter, compared to analyst estimates 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 last year, the firm posted $1.58 earnings per share. On average, analysts forecast that Walt Disney Co will post 6.92 EPS for the current year.

Several research analysts recently issued reports on DIS shares. Bank of America started coverage on Walt Disney in a research report on Friday, July 20th. They set a “buy” rating and a $144.00 price objective for the company. Royal Bank of Canada restated a “buy” rating and set a $140.00 price objective on shares of Walt Disney in a research report on Wednesday, August 8th. 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. ValuEngine upgraded Walt Disney from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Finally, Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $120.90.

In other Walt Disney news, Chairman Robert A. Iger sold 437,679 shares of the business’s 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 transaction, the chairman now directly owns 1,498,871 shares in the company, valued at approximately $172,370,165. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mary Jayne Parker sold 130,074 shares of the business’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $114.99, for a total value of $14,957,209.26. Following the completion of the transaction, the executive vice president now owns 43,048 shares of the company’s stock, valued at $4,950,089.52. The disclosure for this sale can be found here. Insiders sold a total of 598,858 shares of company stock valued at $68,953,653 over the last quarter. 0.38% of the stock is currently owned by insiders.

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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