Farmers & Merchants Investments Inc. cut its position in shares of Walt Disney Co (NYSE:DIS) by 2.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 137,703 shares of the entertainment giant’s stock after selling 3,084 shares during the period. Walt Disney accounts for 1.1% of Farmers & Merchants Investments Inc.’s holdings, making the stock its 18th biggest position. Farmers & Merchants Investments Inc.’s holdings in Walt Disney were worth $17,945,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in DIS. Marshall Wace LLP raised its position in Walt Disney by 571.8% during the second quarter. Marshall Wace LLP now owns 1,168,468 shares of the entertainment giant’s stock worth $163,166,000 after acquiring an additional 994,529 shares during the period. Koshinski Asset Management Inc. raised its position in Walt Disney by 6.4% during the second quarter. Koshinski Asset Management Inc. now owns 11,115 shares of the entertainment giant’s stock worth $1,552,000 after acquiring an additional 667 shares during the period. Halbert Hargrove Russell LLC acquired a new position in Walt Disney during the second quarter worth $599,000. Markel Corp raised its position in Walt Disney by 0.9% during the second quarter. Markel Corp now owns 1,823,000 shares of the entertainment giant’s stock worth $254,564,000 after acquiring an additional 16,500 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC acquired a new position in Walt Disney during the second quarter worth $15,573,000. 68.45% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE DIS opened at $130.89 on Monday. The firm has a 50-day simple moving average of $133.43 and a 200-day simple moving average of $135.08. The stock has a market capitalization of $235.78 billion, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of 4.44 and a beta of 0.96. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 0.38. Walt Disney Co has a 52 week low of $100.35 and a 52 week high of $147.15.
Walt Disney (NYSE:DIS) last announced its quarterly earnings data 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). Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. The firm had revenue of $20.25 billion during the quarter, compared to analysts’ expectations of $21.40 billion. During the same period in the prior year, the company posted $1.87 EPS. The company’s revenue for the quarter was up 32.9% compared to the same quarter last year. As a group, equities research analysts expect that Walt Disney Co will post 5.74 EPS for the current year.
In related news, EVP Brent Woodford sold 2,200 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $146.68, for a total value of $322,696.00. Following the completion of the sale, the executive vice president now owns 34,679 shares of the company’s stock, valued at $5,086,715.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.36% of the company’s stock.
A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. set a $150.00 price objective on shares of Walt Disney and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Tigress Financial reiterated a “buy” rating on shares of Walt Disney in a research report on Monday, August 26th. Morgan Stanley set a $160.00 target price on shares of Walt Disney and gave the company a “buy” rating in a research report on Friday, August 2nd. Imperial Capital reduced their target price on shares of Walt Disney from $140.00 to $139.00 and set an “in-line” rating for the company in a research report on Thursday, September 19th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $150.00 target price on shares of Walt Disney in a research report on Thursday, August 8th. Seven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $151.31.
About Walt Disney
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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