Mogy Joel R Investment Counsel Inc. Trims Holdings in Walt Disney Co (NYSE:DIS)

Mogy Joel R Investment Counsel Inc. decreased its position in shares of Walt Disney Co (NYSE:DIS) by 0.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 135,415 shares of the entertainment giant’s stock after selling 549 shares during the quarter. Walt Disney makes up 2.3% of Mogy Joel R Investment Counsel Inc.’s investment portfolio, making the stock its 14th largest position. Mogy Joel R Investment Counsel Inc.’s holdings in Walt Disney were worth $14,848,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Walt Disney by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 103,729,219 shares of the entertainment giant’s stock worth $12,130,095,000 after buying an additional 553,232 shares during the last quarter. Vanguard Group Inc grew its position in shares of Walt Disney by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 103,729,219 shares of the entertainment giant’s stock worth $12,130,095,000 after buying an additional 553,232 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Walt Disney by 14,778.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 53,195,820 shares of the entertainment giant’s stock worth $485,000 after buying an additional 52,838,274 shares during the last quarter. FMR LLC grew its position in shares of Walt Disney by 1.5% in the 3rd quarter. FMR LLC now owns 26,397,731 shares of the entertainment giant’s stock worth $3,086,951,000 after buying an additional 382,573 shares during the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of Walt Disney by 2.1% in the 3rd quarter. Clearbridge Investments LLC now owns 9,031,930 shares of the entertainment giant’s stock worth $1,056,194,000 after buying an additional 189,866 shares during the last quarter. Institutional investors and hedge funds own 66.71% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Credit Suisse Group lifted their price objective on Walt Disney from $114.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, May 9th. Zacks Investment Research lowered Walt Disney from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. UBS Group lifted their price target on Walt Disney from $128.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, May 6th. BMO Capital Markets lifted their price target on Walt Disney from $140.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. Finally, Barclays lifted their price target on Walt Disney from $130.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $142.42.

Shares of DIS stock traded down $0.24 during mid-day trading on Wednesday, hitting $133.85. The company’s stock had a trading volume of 4,485,767 shares, compared to its average volume of 11,973,869. Walt Disney Co has a 52-week low of $98.81 and a 52-week high of $142.37. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.74. The stock has a market capitalization of $199.58 billion, a P/E ratio of 18.91, a P/E/G ratio of 3.57 and a beta of 1.00.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.02. The firm had revenue of $14.92 billion during the quarter, compared to analysts’ expectations of $14.53 billion. Walt Disney had a return on equity of 15.67% and a net margin of 22.55%. The company’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.84 earnings per share. As a group, analysts anticipate that Walt Disney Co will post 6.67 earnings per share for the current year.

In related news, EVP Zenia B. Mucha sold 33,000 shares of the company’s stock in a transaction on Friday, April 12th. The stock was 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 accessible through the SEC website. Also, EVP Brent Woodford sold 4,000 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $135.24, for a total value of $540,960.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,000 shares of company stock valued at $5,022,700. 0.36% of the stock is owned by company insiders.

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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 businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

See Also: Fundamental Analysis

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

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