Walt Disney Co (NYSE:DIS) Stake Decreased by Marble Harbor Investment Counsel LLC

Marble Harbor Investment Counsel LLC lowered its stake in Walt Disney Co (NYSE:DIS) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,821 shares of the entertainment giant’s stock after selling 1,514 shares during the quarter. Marble Harbor Investment Counsel LLC’s holdings in Walt Disney were worth $4,805,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in 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 purchasing an additional 553,232 shares during the period. Vanguard Group Inc increased its stake in 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 purchasing an additional 553,232 shares during the period. Oregon Public Employees Retirement Fund increased its stake in 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 purchasing an additional 52,838,274 shares during the period. FMR LLC increased its stake in 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 purchasing an additional 382,573 shares during the period. Finally, Clearbridge Investments LLC increased its stake in 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 purchasing an additional 189,866 shares during the period. Institutional investors and hedge funds own 66.71% of the company’s stock.

A number of equities analysts have commented on the company. Citigroup lifted their price target on Walt Disney from $126.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Imperial Capital lifted their price objective on Walt Disney from $139.00 to $147.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. BMO Capital Markets lifted their price objective on Walt Disney from $140.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. BTIG Research upgraded Walt Disney from a “sell” rating to a “neutral” rating in a research report on Monday, April 15th. Finally, Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $142.42.

Walt Disney stock traded down $0.24 during mid-day trading on Wednesday, hitting $133.85. The company had a trading volume of 4,485,767 shares, compared to its average volume of 11,973,869. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 0.36. Walt Disney Co has a 12 month low of $98.81 and a 12 month high of $142.37. The company has a market capitalization of $199.58 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 3.57 and a beta of 1.00.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, May 8th. The entertainment giant reported $1.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.02. Walt Disney had a return on equity of 15.67% and a net margin of 22.55%. The business had revenue of $14.92 billion for the quarter, compared to the consensus estimate of $14.53 billion. During the same period in the previous year, the company posted $1.84 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities research analysts predict that Walt Disney Co will post 6.67 EPS for the current year.

In other news, EVP Brent Woodford sold 4,000 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $135.24, for a total value of $540,960.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Zenia B. Mucha sold 33,000 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $128.88, for a total value of $4,253,040.00. The disclosure for this sale can be found here. Insiders sold 39,000 shares of company stock valued at $5,022,700 in the last 90 days. Company insiders own 0.36% of the company’s stock.

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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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