Walt Disney Co (DIS) Stake Lifted by Canal Capital Management LLC

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Canal Capital Management LLC lifted its position in shares of Walt Disney Co (NYSE:DIS) by 11.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,767 shares of the entertainment giant’s stock after purchasing an additional 586 shares during the period. Canal Capital Management LLC’s holdings in Walt Disney were worth $632,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Boltwood Capital Management boosted its holdings in Walt Disney by 0.4% in the 4th quarter. Boltwood Capital Management now owns 22,637 shares of the entertainment giant’s stock valued at $2,482,000 after purchasing an additional 94 shares during the period. First National Bank of Hutchinson boosted its holdings in Walt Disney by 4.0% in the 4th quarter. First National Bank of Hutchinson now owns 2,527 shares of the entertainment giant’s stock valued at $277,000 after purchasing an additional 97 shares during the period. Investors Asset Management of Georgia Inc. GA ADV boosted its holdings in Walt Disney by 0.8% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 13,091 shares of the entertainment giant’s stock valued at $1,435,000 after purchasing an additional 100 shares during the period. Inspirion Wealth Advisors LLC boosted its holdings in Walt Disney by 5.3% in the 4th quarter. Inspirion Wealth Advisors LLC now owns 1,987 shares of the entertainment giant’s stock valued at $218,000 after purchasing an additional 100 shares during the period. Finally, Sonata Capital Group Inc. boosted its holdings in Walt Disney by 4.1% in the 4th quarter. Sonata Capital Group Inc. now owns 2,532 shares of the entertainment giant’s stock valued at $278,000 after purchasing an additional 100 shares during the period. Institutional investors own 64.63% of the company’s stock.

A number of research firms have issued reports on DIS. ValuEngine raised shares of Walt Disney from a “hold” rating to a “buy” rating in a report on Saturday, April 13th. Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Thursday, January 17th. Imperial Capital boosted their price objective on shares of Walt Disney from $129.00 to $139.00 and gave the company an “outperform” rating in a report on Monday. Rosenblatt Securities reissued a “buy” rating and issued a $150.00 price objective on shares of Walt Disney in a report on Monday, April 8th. Finally, Goldman Sachs Group started coverage on shares of Walt Disney in a report on Thursday, April 4th. They set a “buy” rating and a $142.00 price target for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $131.11.

In related news, EVP Zenia B. Mucha sold 33,000 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $128.88, for a total transaction of $4,253,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Brent Woodford sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $114.35, for a total transaction of $228,700.00. Following the transaction, the executive vice president now owns 26,517 shares of the company’s stock, valued at $3,032,218.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,000 shares of company stock valued at $4,708,940. 0.36% of the stock is currently owned by insiders.

Shares of Walt Disney stock opened at $132.45 on Friday. Walt Disney Co has a 1-year low of $97.68 and a 1-year high of $132.87. The company has a quick ratio of 0.92, a current ratio of 1.00 and a debt-to-equity ratio of 0.32. The company has a market cap of $196.84 billion, a PE ratio of 18.71, a PEG ratio of 3.80 and a beta of 0.91.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.27. Walt Disney had a net margin of 18.46% and a return on equity of 20.50%. The company had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.20 billion. During the same quarter in the prior year, the firm posted $1.89 EPS. The firm’s quarterly revenue was down .3% on a year-over-year basis. On average, research analysts forecast that Walt Disney Co will post 6.84 earnings per share for the current year.

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Walt Disney Company Profile

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.

Read More: Cost of Goods Sold (COGS)

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

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