Essex Investment Management Co. LLC Increases Position in Walt Disney Co (DIS)

Essex Investment Management Co. LLC grew its stake in Walt Disney Co (NYSE:DIS) by 93.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,399 shares of the entertainment giant’s stock after purchasing an additional 27,202 shares during the period. Walt Disney makes up about 0.8% of Essex Investment Management Co. LLC’s portfolio, making the stock its 25th biggest position. Essex Investment Management Co. LLC’s holdings in Walt Disney were worth $6,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the company. Carret Asset Management LLC increased its holdings in Walt Disney by 0.5% during the 2nd quarter. Carret Asset Management LLC now owns 91,493 shares of the entertainment giant’s stock worth $9,589,000 after purchasing an additional 450 shares during the period. Beaton Management Co. Inc. increased its holdings in Walt Disney by 1.9% during the 2nd quarter. Beaton Management Co. Inc. now owns 24,339 shares of the entertainment giant’s stock worth $2,551,000 after purchasing an additional 450 shares during the period. Fairfield Bush & CO. increased its holdings in Walt Disney by 2.3% during the 2nd quarter. Fairfield Bush & CO. now owns 19,740 shares of the entertainment giant’s stock worth $2,069,000 after purchasing an additional 450 shares during the period. Wealth Architects LLC increased its holdings in Walt Disney by 18.0% during the 3rd quarter. Wealth Architects LLC now owns 2,968 shares of the entertainment giant’s stock worth $347,000 after purchasing an additional 452 shares during the period. Finally, Folger Nolan Fleming Douglas Capital Management Inc. increased its holdings in 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 worth $5,916,000 after purchasing an additional 455 shares during the period. 63.11% of the stock is owned by institutional investors and hedge funds.

In other Walt Disney news, Chairman Robert A. Iger sold 47,733 shares of Walt Disney stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $120.00, for a total transaction of $5,727,960.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mary Jayne Parker sold 29,192 shares of Walt Disney stock in a transaction dated 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 directly owns 29,199 shares of the company’s stock, valued at approximately $3,445,190.01. The disclosure for this sale can be found here. Insiders sold a total of 78,838 shares of company stock valued at $9,391,319 in the last three months. Insiders own 0.38% of the company’s stock.



Walt Disney stock opened at $116.19 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $174.19 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 1.75 and a beta of 1.17. Walt Disney Co has a 1-year low of $97.68 and a 1-year high of $120.20.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.17. The firm had revenue of $14.30 billion during the quarter, compared to analysts’ expectations of $13.76 billion. Walt Disney had a return on equity of 21.43% and a net margin of 21.20%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.07 EPS. As a group, equities research analysts expect that Walt Disney Co will post 7.08 EPS for the current fiscal year.

DIS has been the topic of several research reports. Zacks Investment Research downgraded Walt Disney from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. B. Riley dropped their target price 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. Bank of America set a $144.00 target price on Walt Disney and gave the company a “buy” rating in a research report on Wednesday, August 8th. BMO Capital Markets increased their target price on Walt Disney from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Wednesday, August 8th. Finally, Imperial Capital increased their target price on Walt Disney from $108.00 to $112.00 and gave the company an “inline” rating in a research report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. Walt Disney presently has a consensus rating of “Buy” and a consensus target price of $121.54.

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Walt Disney Company Profile

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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