Walt Disney Co (NYSE:DIS) Shares Sold by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. lessened its holdings in Walt Disney Co (NYSE:DIS) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,356 shares of the entertainment giant’s stock after selling 180 shares during the quarter. Walt Disney accounts for approximately 1.7% of Contravisory Investment Management Inc.’s holdings, making the stock its 29th largest holding. Contravisory Investment Management Inc.’s holdings in Walt Disney were worth $4,347,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Walt Disney by 3.3% in the second quarter. Vanguard Group Inc. now owns 131,103,772 shares of the entertainment giant’s stock worth $18,307,330,000 after acquiring an additional 4,142,604 shares in the last quarter. Phocas Financial Corp. lifted its holdings in shares of Walt Disney by 1,011,623.0% during the second quarter. Phocas Financial Corp. now owns 65,691,172 shares of the entertainment giant’s stock worth $91,731,000 after purchasing an additional 65,684,679 shares during the period. FMR LLC lifted its holdings in shares of Walt Disney by 37.2% during the first quarter. FMR LLC now owns 33,901,641 shares of the entertainment giant’s stock worth $3,764,098,000 after purchasing an additional 9,190,235 shares during the period. Morgan Stanley lifted its holdings in shares of Walt Disney by 29.9% during the second quarter. Morgan Stanley now owns 27,743,170 shares of the entertainment giant’s stock worth $3,874,059,000 after purchasing an additional 6,386,504 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Walt Disney by 1.2% during the second quarter. Northern Trust Corp now owns 25,509,749 shares of the entertainment giant’s stock worth $3,562,181,000 after purchasing an additional 300,560 shares during the period. 68.40% of the stock is owned by institutional investors and hedge funds.

DIS stock traded up $0.84 during trading on Monday, hitting $131.11. 303,517 shares of the company traded hands, compared to its average volume of 8,550,499. The stock’s 50-day simple moving average is $134.61 and its 200 day simple moving average is $133.66. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.70 and a quick ratio of 0.67. The company has a market cap of $234.02 billion, a PE ratio of 18.50, a P/E/G ratio of 4.22 and a beta of 0.96. Walt Disney Co has a 1 year low of $100.35 and a 1 year high of $147.15.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($0.41). The company had revenue of $20.25 billion for the quarter, compared to analysts’ expectations of $21.40 billion. Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. The firm’s revenue was up 32.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.87 earnings per share. Research analysts expect that Walt Disney Co will post 5.76 earnings per share for the current year.

A number of equities research analysts recently commented on the company. Wells Fargo & Co assumed coverage on Walt Disney in a report on Monday, September 23rd. They set an “outperform” rating and a $173.00 target price for the company. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $150.00 target price on shares of Walt Disney in a report on Wednesday, August 7th. Tigress Financial reaffirmed a “buy” rating on shares of Walt Disney in a report on Monday, August 26th. Sanford C. Bernstein set a $130.00 target price on Walt Disney and gave the stock a “hold” rating in a report on Thursday, September 12th. Finally, Imperial Capital decreased their target price on Walt Disney from $140.00 to $139.00 and set an “in-line” rating for the company in a report on Thursday, September 19th. Seven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $151.31.

In related news, EVP Brent Woodford sold 2,000 shares of Walt Disney stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $144.25, for a total transaction of $288,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is currently owned by company insiders.

Walt Disney 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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