Rehmann Capital Advisory Group Has $1.80 Million Position in Walt Disney Co (DIS)

Rehmann Capital Advisory Group lowered its position in shares of Walt Disney Co (NYSE:DIS) by 3.0% in the second quarter, HoldingsChannel.com reports. The firm owned 17,132 shares of the entertainment giant’s stock after selling 523 shares during the period. Rehmann Capital Advisory Group’s holdings in Walt Disney were worth $1,796,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DIS. HC Financial Advisors Inc. purchased a new position in shares of Walt Disney in the 4th quarter worth approximately $2,797,000. Connors Investor Services Inc. lifted its stake in shares of Walt Disney by 1.2% during the 1st quarter. Connors Investor Services Inc. now owns 112,449 shares of the entertainment giant’s stock worth $11,294,000 after acquiring an additional 1,296 shares during the last quarter. Bruderman Asset Management LLC bought a new stake in shares of Walt Disney during the 1st quarter worth approximately $116,000. Evergreen Capital Management LLC lifted its stake in shares of Walt Disney by 43.4% during the 1st quarter. Evergreen Capital Management LLC now owns 32,333 shares of the entertainment giant’s stock worth $3,248,000 after acquiring an additional 9,779 shares during the last quarter. Finally, Heritage Wealth Advisors lifted its stake in shares of Walt Disney by 10.2% during the 1st quarter. Heritage Wealth Advisors now owns 20,177 shares of the entertainment giant’s stock worth $2,031,000 after acquiring an additional 1,865 shares during the last quarter. Hedge funds and other institutional investors own 63.18% of the company’s stock.

Shares of NYSE DIS opened at $115.18 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.88 and a quick ratio of 0.81. The firm has a market cap of $171.30 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 1.45 and a beta of 1.17. Walt Disney Co has a twelve month low of $97.68 and a twelve month high of $119.69.

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

DIS has been the subject of a number of research analyst reports. Morgan Stanley raised their price target on Walt Disney from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, October 15th. Zacks Investment Research raised Walt Disney from a “sell” rating to a “hold” rating in a research note on Monday, September 10th. Pivotal Research reissued a “sell” rating and set a $95.00 price target on shares of Walt Disney in a research note on Sunday, September 23rd. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $104.00 to $130.00 in a research note on Friday, October 19th. Finally, B. Riley decreased their price target on Walt Disney from $123.00 to $121.00 and set a “buy” rating for the company in a research note on Wednesday, August 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $120.99.

In other Walt Disney news, Chairman Robert A. Iger sold 437,679 shares of Walt Disney stock in a transaction on Monday, August 6th. The stock was sold at an average price of $115.00, for a total transaction of $50,333,085.00. Following the completion of the sale, the chairman now directly owns 1,498,871 shares of the company’s stock, valued at approximately $172,370,165. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Brent Woodford sold 952 shares of Walt Disney stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $111.87, for a total value of $106,500.24. Following the sale, the executive vice president now directly owns 26,698 shares of the company’s stock, valued at $2,986,705.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 598,858 shares of company stock valued at $68,953,653. 0.38% of the stock is currently owned by corporate insiders.

About Walt Disney

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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