Carl P. Sherr & Co. LLC Raises Holdings in The Walt Disney Company (NYSE:DIS)


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Carl P. Sherr & Co. LLC boosted its holdings in The Walt Disney Company (NYSE:DIS) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 19,450 shares of the entertainment giant’s stock after acquiring an additional 205 shares during the period. The Walt Disney accounts for about 2.8% of Carl P. Sherr & Co. LLC’s portfolio, making the stock its 7th biggest position. Carl P. Sherr & Co. LLC’s holdings in The Walt Disney were worth $3,524,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kinloch Capital LLC acquired a new stake in shares of The Walt Disney in the fourth quarter valued at approximately $28,000. Flagship Private Wealth LLC acquired a new stake in shares of The Walt Disney in the fourth quarter valued at approximately $27,000. Klaas Financial Asset Advisors LLC acquired a new stake in shares of The Walt Disney in the fourth quarter valued at approximately $33,000. Insight Financial Services acquired a new stake in shares of The Walt Disney in the fourth quarter valued at approximately $34,000. Finally, JFG Wealth Management LLC acquired a new stake in shares of The Walt Disney in the third quarter valued at approximately $26,000. 62.83% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DIS opened at $191.76 on Tuesday. The company has a market capitalization of $348.10 billion, a PE ratio of -120.60, a price-to-earnings-growth ratio of 5.07 and a beta of 1.20. The Walt Disney Company has a one year low of $79.07 and a one year high of $194.02. 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 company’s fifty day moving average price is $178.00 and its 200 day moving average price is $149.05.

The Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, February 10th. The entertainment giant reported $0.32 earnings per share 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%. Analysts anticipate that The Walt Disney Company will post 1.69 earnings per share for the current year.

A number of research firms recently commented on DIS. Evercore ISI raised their price objective on shares of The Walt Disney from $200.00 to $210.00 in a research note on Friday, February 12th. Royal Bank of Canada upgraded shares of The Walt Disney from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $124.00 to $170.00 in a research note on Friday, November 13th. Argus raised their price objective on shares of The Walt Disney from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, February 17th. BMO Capital Markets lowered shares of The Walt Disney from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $165.00 to $185.00 in a research report on Monday, December 14th. Finally, Bank of America restated a “buy” rating and issued a $223.00 price target on shares of The Walt Disney in a research report on Friday, February 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $180.06.

In other news, Chairman Robert A. Iger sold 220,000 shares of the company’s stock in a transaction that occurred on Monday, February 8th. The shares were sold at an average price of $190.12, for a total transaction of $41,826,400.00. Following the transaction, the chairman now directly owns 1,397,989 shares in the company, valued at $265,785,668.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Zenia B. Mucha sold 33,969 shares of the company’s stock in a transaction that occurred on Thursday, February 18th. The stock was sold at an average price of $183.12, for a total transaction of $6,220,403.28. Following the transaction, the executive vice president now owns 53,589 shares in the company, valued at $9,813,217.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,079,704 shares of company stock worth $192,927,683. Company insiders own 0.31% of the company’s stock.

The Walt Disney Profile

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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