Balentine LLC Has $744,000 Stake in The Walt Disney Company (NYSE:DIS)


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Balentine LLC raised its position in The Walt Disney Company (NYSE:DIS) by 4.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,104 shares of the entertainment giant’s stock after purchasing an additional 167 shares during the period. Balentine LLC’s holdings in The Walt Disney were worth $744,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Morgan Stanley grew its holdings in shares of The Walt Disney by 13.4% in the 3rd quarter. Morgan Stanley now owns 28,816,319 shares of the entertainment giant’s stock valued at $3,575,528,000 after acquiring an additional 3,397,905 shares in the last quarter. FMR LLC grew its holdings in shares of The Walt Disney by 16.1% in the 4th quarter. FMR LLC now owns 23,913,777 shares of the entertainment giant’s stock valued at $4,332,698,000 after acquiring an additional 3,315,118 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of The Walt Disney by 4.1% in the 4th quarter. Fisher Asset Management LLC now owns 9,888,776 shares of the entertainment giant’s stock valued at $1,791,649,000 after acquiring an additional 392,065 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of The Walt Disney by 5.7% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 9,245,128 shares of the entertainment giant’s stock valued at $1,147,135,000 after acquiring an additional 496,922 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of The Walt Disney by 4.1% in the 4th quarter. California Public Employees Retirement System now owns 4,309,610 shares of the entertainment giant’s stock valued at $780,815,000 after acquiring an additional 171,430 shares in the last quarter. 62.83% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on DIS shares. Smith Barney Citigroup lifted their price target on The Walt Disney from $150.00 to $175.00 in a report on Wednesday, December 2nd. UBS Group lifted their price target on The Walt Disney from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, February 17th. Credit Suisse Group lifted their price target on The Walt Disney from $192.00 to $218.00 and gave the stock an “outperform” rating in a report on Friday, February 12th. They noted that the move was a valuation call. Argus lifted their price target on The Walt Disney from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, February 17th. Finally, Rosenblatt Securities lifted their price target on The Walt Disney from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, February 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $180.06.

Shares of DIS opened at $191.76 on Tuesday. The Walt Disney Company has a one year low of $79.07 and a one year high of $194.02. The company has a market cap of $348.10 billion, a P/E ratio of -120.60, a P/E/G ratio of 5.07 and a beta of 1.20. 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 firm has a 50 day simple moving average of $178.00 and a two-hundred day simple moving average of $149.05.

The Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, February 10th. The entertainment giant reported $0.32 EPS for the quarter, beating the consensus estimate of ($0.45) by $0.77. The Walt Disney had a negative net margin of 4.38% and a positive return on equity of 4.05%. On average, analysts expect that The Walt Disney Company will post 1.69 earnings per share for the current fiscal year.

In other news, EVP Mary Jayne Parker sold 9,731 shares of the company’s stock in a transaction on Wednesday, December 2nd. The shares were sold at an average price of $152.99, for a total transaction of $1,488,745.69. Following the completion of the transaction, the executive vice president now directly owns 9,731 shares in the company, valued at $1,488,745.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alan N. Braverman sold 1,947 shares of the company’s stock in a transaction on Monday, December 21st. The stock was sold at an average price of $168.94, for a total transaction of $328,926.18. Following the transaction, the executive vice president now owns 103,647 shares of the company’s stock, valued at $17,510,124.18. The disclosure for this sale can be found here. Insiders have sold 1,079,704 shares of company stock valued at $192,927,683 over the last quarter. Company insiders own 0.31% of the company’s stock.

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 domestic television stations.

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

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