Acadian Asset Management LLC Boosts Stake in The Walt Disney Company (NYSE:DIS)

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Acadian Asset Management LLC raised its holdings in shares of The Walt Disney Company (NYSE:DIS) by 30.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,777 shares of the entertainment giant’s stock after buying an additional 9,226 shares during the quarter. Acadian Asset Management LLC’s holdings in The Walt Disney were worth $4,936,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Aurora Private Wealth Inc. grew its position in The Walt Disney by 10.3% during the third quarter. Aurora Private Wealth Inc. now owns 10,069 shares of the entertainment giant’s stock worth $1,249,000 after buying an additional 937 shares in the last quarter. Checchi Capital Advisers LLC lifted its stake in The Walt Disney by 8.0% during the second quarter. Checchi Capital Advisers LLC now owns 24,546 shares of the entertainment giant’s stock worth $2,737,000 after purchasing an additional 1,823 shares during the last quarter. Raymond James Trust N.A. lifted its stake in The Walt Disney by 2.3% during the third quarter. Raymond James Trust N.A. now owns 132,233 shares of the entertainment giant’s stock worth $16,407,000 after purchasing an additional 2,977 shares during the last quarter. Asset Dedication LLC lifted its stake in The Walt Disney by 8.2% during the second quarter. Asset Dedication LLC now owns 22,418 shares of the entertainment giant’s stock worth $2,512,000 after purchasing an additional 1,694 shares during the last quarter. Finally, Private Vista LLC lifted its stake in The Walt Disney by 26.8% during the second quarter. Private Vista LLC now owns 4,870 shares of the entertainment giant’s stock worth $545,000 after purchasing an additional 1,028 shares during the last quarter. Institutional investors and hedge funds own 57.46% of the company’s stock.

In other The Walt Disney news, EVP Brent Woodford sold 17,077 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $142.25, for a total transaction of $2,429,203.25. Following the transaction, the executive vice president now owns 36,620 shares in the company, valued at approximately $5,209,195. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert A. Chapek sold 9,537 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $140.00, for a total value of $1,335,180.00. The disclosure for this sale can be found here. Insiders have sold a total of 28,614 shares of company stock worth $4,026,283 in the last quarter. Company insiders own 0.31% of the company’s stock.

Shares of NYSE:DIS opened at $141.07 on Friday. The Walt Disney Company has a 1 year low of $79.07 and a 1 year high of $153.41. The company has a market cap of $254.92 billion, a PE ratio of -88.72, a P/E/G ratio of 2.87 and a beta of 1.07. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.32 and a quick ratio of 1.26. The stock’s 50-day moving average is $128.21 and its 200 day moving average is $122.81.

The Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 12th. The entertainment giant reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The Walt Disney had a positive return on equity of 4.05% and a negative net margin of 4.38%. The firm had revenue of $14.71 billion for the quarter, compared to the consensus estimate of $14.10 billion. During the same quarter in the prior year, the business earned $1.07 EPS. The business’s revenue for the quarter was down 23.1% on a year-over-year basis. Analysts expect that The Walt Disney Company will post 2.55 EPS for the current fiscal year.

Several equities research analysts have issued reports on DIS shares. The Goldman Sachs Group lifted their price target on The Walt Disney from $142.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, November 13th. Rosenblatt Securities lifted their price target on The Walt Disney from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, November 13th. Deutsche Bank Aktiengesellschaft raised The Walt Disney from a “hold” rating to a “buy” rating and lifted their price target for the stock from $128.00 to $163.00 in a research note on Tuesday, September 8th. JPMorgan Chase & Co. lifted their price target on The Walt Disney from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, November 13th. Finally, Loop Capital raised The Walt Disney from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Tuesday, October 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $141.42.

About The Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight owned domestic television stations.

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

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