Pineno Levin & Ford Asset Management Inc. Sells 4,655 Shares of Walt Disney Co (DIS)

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Pineno Levin & Ford Asset Management Inc. lowered its stake in shares of Walt Disney Co (NYSE:DIS) by 6.0% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 73,357 shares of the entertainment giant’s stock after selling 4,655 shares during the period. Walt Disney makes up approximately 3.3% of Pineno Levin & Ford Asset Management Inc.’s portfolio, making the stock its 2nd biggest holding. Pineno Levin & Ford Asset Management Inc.’s holdings in Walt Disney were worth $7,689,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its position in shares of Walt Disney by 53.4% during the 1st quarter. American Century Companies Inc. now owns 3,604,766 shares of the entertainment giant’s stock worth $362,063,000 after buying an additional 1,255,464 shares in the last quarter. Ruffer LLP lifted its position in shares of Walt Disney by 39.1% during the 2nd quarter. Ruffer LLP now owns 3,977,520 shares of the entertainment giant’s stock worth $417,261,000 after buying an additional 1,117,959 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of Walt Disney by 10,630.8% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,022,536 shares of the entertainment giant’s stock worth $9,705,000 after buying an additional 1,013,007 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Walt Disney by 512.5% during the 1st quarter. SG Americas Securities LLC now owns 1,137,319 shares of the entertainment giant’s stock worth $114,232,000 after buying an additional 951,642 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of Walt Disney by 73.7% during the 1st quarter. Schroder Investment Management Group now owns 2,174,764 shares of the entertainment giant’s stock worth $218,434,000 after buying an additional 923,048 shares in the last quarter. Institutional investors and hedge funds own 63.05% of the company’s stock.

NYSE:DIS opened at $109.26 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $162.79 billion, a P/E ratio of 16.41, a P/E/G ratio of 1.45 and a beta of 1.31. Walt Disney Co has a 12 month low of $96.80 and a 12 month high of $117.90.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.10). The company had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.49 billion. Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. During the same period last year, the firm posted $1.58 EPS. sell-side analysts expect that Walt Disney Co will post 6.92 EPS for the current year.

In other Walt Disney news, Chairman Robert A. Iger sold 437,679 shares of the business’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $115.00, for a total transaction of $50,333,085.00. Following the sale, the chairman now owns 1,498,871 shares of the company’s stock, valued at approximately $172,370,165. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brent Woodford sold 952 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $111.87, for a total transaction of $106,500.24. Following the sale, the executive vice president now directly owns 26,698 shares in the company, valued at approximately $2,986,705.26. The disclosure for this sale can be found here. Insiders sold a total of 710,954 shares of company stock worth $80,620,932 in the last ninety days. 0.38% of the stock is currently owned by insiders.

DIS has been the topic of several recent analyst reports. ValuEngine raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research report on Friday, June 15th. Pivotal Research cut shares of Walt Disney from a “hold” rating to a “sell” rating and set a $93.00 target price on the stock. in a research report on Monday, June 18th. Zacks Investment Research raised shares of Walt Disney from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research report on Monday, June 18th. Imperial Capital initiated coverage on shares of Walt Disney in a research report on Thursday, June 28th. They set an “in-line” rating and a $108.00 target price on the stock. Finally, Credit Suisse Group initiated coverage on shares of Walt Disney in a research report on Tuesday, July 10th. They set a “neutral” rating and a $114.00 target price on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $119.45.

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 services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

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

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