Walt Disney Company (The) (DIS) Shares Bought by Sterneck Capital Management LLC

Sterneck Capital Management LLC lifted its holdings in Walt Disney Company (The) (NYSE:DIS) by 5.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,009 shares of the entertainment giant’s stock after buying an additional 278 shares during the quarter. Sterneck Capital Management LLC’s holdings in Walt Disney Company (The) were worth $568,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DIS. Acadian Asset Management LLC raised its holdings in shares of Walt Disney Company (The) by 88.8% in the first quarter. Acadian Asset Management LLC now owns 3,345,124 shares of the entertainment giant’s stock valued at $379,305,000 after buying an additional 1,573,215 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Walt Disney Company (The) by 8,245.5% in the first quarter. Canada Pension Plan Investment Board now owns 670,726 shares of the entertainment giant’s stock valued at $76,054,000 after buying an additional 662,689 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Walt Disney Company (The) by 111.0% in the first quarter. AQR Capital Management LLC now owns 1,190,645 shares of the entertainment giant’s stock valued at $135,008,000 after buying an additional 626,245 shares during the last quarter. State Treasurer State of Michigan raised its holdings in shares of Walt Disney Company (The) by 73.3% in the first quarter. State Treasurer State of Michigan now owns 1,355,053 shares of the entertainment giant’s stock valued at $153,649,000 after buying an additional 573,000 shares during the last quarter. Finally, Scopus Asset Management L.P. raised its holdings in shares of Walt Disney Company (The) by 275.0% in the first quarter. Scopus Asset Management L.P. now owns 750,000 shares of the entertainment giant’s stock valued at $85,043,000 after buying an additional 550,000 shares during the last quarter. 61.47% of the stock is owned by institutional investors and hedge funds.

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DIS has been the subject of a number of research analyst reports. Guggenheim reaffirmed a “buy” rating and issued a $122.00 price target on shares of Walt Disney Company (The) in a report on Tuesday, September 5th. BidaskClub raised Walt Disney Company (The) from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $125.00 price target (down from $130.00) on shares of Walt Disney Company (The) in a report on Monday, May 15th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $120.00 price target (down from $125.00) on shares of Walt Disney Company (The) in a report on Wednesday, August 9th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $130.00 price target on shares of Walt Disney Company (The) in a report on Friday, July 14th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-one have given a buy rating to the company’s stock. Walt Disney Company (The) presently has a consensus rating of “Hold” and an average target price of $113.95.

Walt Disney Company (NYSE DIS) traded up 0.01% during trading on Friday, reaching $97.07. The company’s stock had a trading volume of 13,147,662 shares. The company has a market cap of $149.83 billion, a PE ratio of 17.22 and a beta of 1.42. The stock has a 50-day moving average price of $103.93 and a 200 day moving average price of $108.10. Walt Disney Company has a 52-week low of $90.32 and a 52-week high of $116.10. Walt Disney Company (The) also was the recipient of unusually large options trading on Thursday. Traders purchased 43,955 put options on the company. This represents an increase of 179% compared to the typical volume of 15,745 put options.

Walt Disney Company (The) (NYSE:DIS) last issued its earnings results on Tuesday, August 8th. The entertainment giant reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.05. The company had revenue of $14.24 billion during the quarter, compared to analysts’ expectations of $14.44 billion. Walt Disney Company (The) had a return on equity of 19.69% and a net margin of 16.22%. Walt Disney Company (The)’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.62 EPS. On average, analysts expect that Walt Disney Company will post $5.87 EPS for the current year.

In related news, Director Maria Elena Lagomasino bought 976 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was bought at an average cost of $102.34 per share, for a total transaction of $99,883.84. Following the acquisition, the director now directly owns 7,513 shares of the company’s stock, valued at approximately $768,880.42. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.38% of the company’s stock.

Walt Disney Company (The) Company Profile

The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.

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

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