Westwood Holdings Group Inc. Sells 133,322 Shares of Walt Disney Co (NYSE:DIS)

Westwood Holdings Group Inc. lessened its stake in shares of Walt Disney Co (NYSE:DIS) by 18.1% during the second quarter, Holdings Channel.com reports. The firm owned 604,955 shares of the entertainment giant’s stock after selling 133,322 shares during the period. Walt Disney accounts for about 0.9% of Westwood Holdings Group Inc.’s portfolio, making the stock its 26th biggest position. Westwood Holdings Group Inc.’s holdings in Walt Disney were worth $84,476,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in DIS. Centerpoint Advisors LLC lifted its position in Walt Disney by 276.5% in the 2nd quarter. Centerpoint Advisors LLC now owns 192 shares of the entertainment giant’s stock valued at $27,000 after acquiring an additional 141 shares in the last quarter. SRS Capital Advisors Inc. bought a new position in Walt Disney in the 2nd quarter valued at about $39,000. Riverview Trust Co bought a new position in Walt Disney in the 4th quarter valued at about $48,000. MRA Associates USA LLC bought a new position in Walt Disney in the 2nd quarter valued at about $53,000. Finally, Bay Harbor Wealth Management LLC lifted its position in Walt Disney by 94.2% in the 2nd quarter. Bay Harbor Wealth Management LLC now owns 433 shares of the entertainment giant’s stock valued at $60,000 after acquiring an additional 210 shares in the last quarter. 68.41% of the stock is currently owned by institutional investors.

Shares of Walt Disney stock traded down $0.74 during mid-day trading on Friday, hitting $132.57. 11,308,611 shares of the stock were exchanged, compared to its average volume of 6,161,229. Walt Disney Co has a 12 month low of $100.35 and a 12 month high of $147.15. The company has a 50-day simple moving average of $137.10 and a 200 day simple moving average of $132.43. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.67 and a current ratio of 0.70. The company has a market capitalization of $245.55 billion, a P/E ratio of 18.72, a P/E/G ratio of 4.51 and a beta of 0.97.



Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.41). Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. The firm had revenue of $20.25 billion for the quarter, compared to the consensus estimate of $21.40 billion. During the same period in the prior year, the business earned $1.87 EPS. Walt Disney’s quarterly revenue was up 32.9% compared to the same quarter last year. Analysts predict that Walt Disney Co will post 6 EPS for the current year.

In other Walt Disney news, EVP Brent Woodford sold 2,200 shares of Walt Disney stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $146.68, for a total transaction of $322,696.00. Following the transaction, the executive vice president now owns 34,679 shares of the company’s stock, valued at approximately $5,086,715.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Alan N. Braverman sold 94,462 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $141.18, for a total transaction of $13,336,145.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 98,662 shares of company stock worth $13,947,341. Insiders own 0.36% of the company’s stock.

Several equities analysts recently weighed in on DIS shares. Citigroup reaffirmed a “buy” rating and issued a $160.00 price target (up previously from $132.00) on shares of Walt Disney in a research report on Thursday, June 6th. Imperial Capital dropped their price target on shares of Walt Disney from $140.00 to $139.00 and set an “in-line” rating on the stock in a research report on Thursday. Sanford C. Bernstein set a $130.00 price target on shares of Walt Disney and gave the company a “hold” rating in a research report on Thursday, September 12th. Tigress Financial reaffirmed a “buy” rating on shares of Walt Disney in a research report on Monday, August 26th. Finally, Loop Capital raised their price target on shares of Walt Disney to $165.00 and gave the company a “buy” rating in a research report on Friday, June 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nineteen have issued a buy rating to the stock. Walt Disney has an average rating of “Buy” and a consensus target price of $147.21.

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 businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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

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