OLD National Bancorp IN Decreases Stock Position in Walt Disney Co (NYSE:DIS)

OLD National Bancorp IN cut its holdings in Walt Disney Co (NYSE:DIS) by 24.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 6,681 shares of the entertainment giant’s stock after selling 2,142 shares during the quarter. OLD National Bancorp IN’s holdings in Walt Disney were worth $870,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DIS. Centerpoint Advisors LLC grew its holdings in Walt Disney by 276.5% in the second quarter. Centerpoint Advisors LLC now owns 192 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 141 shares during the period. Garrett Wealth Advisory Group LLC acquired a new stake in Walt Disney in the third quarter valued at approximately $36,000. SRS Capital Advisors Inc. acquired a new stake in Walt Disney in the second quarter valued at approximately $39,000. Advocacy Wealth Management Services LLC grew its holdings in Walt Disney by 52.8% in the third quarter. Advocacy Wealth Management Services LLC now owns 382 shares of the entertainment giant’s stock valued at $50,000 after purchasing an additional 132 shares during the period. Finally, MRA Associates USA LLC acquired a new stake in Walt Disney in the second quarter valued at approximately $53,000. Hedge funds and other institutional investors own 68.45% of the company’s stock.

Shares of NYSE:DIS opened at $131.13 on Thursday. 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 business’s 50 day moving average price is $132.82 and its 200-day moving average price is $135.55. The firm has a market capitalization of $238.50 billion, a PE ratio of 18.52, a P/E/G ratio of 4.44 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 issued its quarterly earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.41). The firm had revenue of $20.25 billion during the quarter, compared to analyst estimates of $21.40 billion. Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. The business’s revenue was up 32.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.87 earnings per share. As a group, analysts expect that Walt Disney Co will post 5.74 earnings per share for the current year.

Several analysts have commented on DIS shares. ValuEngine lowered Walt Disney from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. set a $150.00 price objective on Walt Disney and gave the company a “buy” rating in a report on Wednesday, October 9th. Needham & Company LLC reissued a “hold” rating on shares of Walt Disney in a report on Friday, September 27th. Moffett Nathanson set a $150.00 price objective on Walt Disney and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Zacks Investment Research raised Walt Disney from a “strong sell” rating to a “hold” rating and set a $120.00 price objective on the stock in a report on Tuesday, July 9th. Seven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $151.31.

In other news, EVP Brent Woodford sold 2,200 shares of Walt Disney stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $146.68, for a total value of $322,696.00. Following the sale, the executive vice president now directly owns 34,679 shares of the company’s stock, valued at $5,086,715.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.36% of the company’s stock.

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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