IMA Wealth Inc. Buys 1,817 Shares of Walt Disney Co (DIS)

IMA Wealth Inc. boosted its stake in shares of Walt Disney Co (NYSE:DIS) by 11.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,249 shares of the entertainment giant’s stock after purchasing an additional 1,817 shares during the quarter. IMA Wealth Inc.’s holdings in Walt Disney were worth $2,134,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Aperio Group LLC boosted its position in shares of Walt Disney by 3.5% during the 3rd quarter. Aperio Group LLC now owns 975,802 shares of the entertainment giant’s stock worth $114,110,000 after acquiring an additional 32,931 shares in the last quarter. Highland Capital Management LLC boosted its position in shares of Walt Disney by 75.1% during the 3rd quarter. Highland Capital Management LLC now owns 100,278 shares of the entertainment giant’s stock worth $11,726,000 after acquiring an additional 43,013 shares in the last quarter. Davis R M Inc. boosted its position in shares of Walt Disney by 6.4% during the 3rd quarter. Davis R M Inc. now owns 362,809 shares of the entertainment giant’s stock worth $42,427,000 after acquiring an additional 21,722 shares in the last quarter. Osborn Williams & Donohoe LLC boosted its position in shares of Walt Disney by 1.2% during the 3rd quarter. Osborn Williams & Donohoe LLC now owns 85,099 shares of the entertainment giant’s stock worth $9,952,000 after acquiring an additional 996 shares in the last quarter. Finally, Rothschild Investment Corp IL boosted its position in shares of Walt Disney by 17.9% during the 3rd quarter. Rothschild Investment Corp IL now owns 48,859 shares of the entertainment giant’s stock worth $5,714,000 after acquiring an additional 7,430 shares in the last quarter. Institutional investors own 62.64% of the company’s stock.

In other Walt Disney news, Chairman Robert A. Iger sold 47,733 shares of the stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $120.00, for a total transaction of $5,727,960.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brent Woodford sold 961 shares of the stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $117.06, for a total value of $112,494.66. Following the sale, the executive vice president now directly owns 25,737 shares of the company’s stock, valued at $3,012,773.22. The disclosure for this sale can be found here. Insiders have sold a total of 78,838 shares of company stock valued at $9,391,319 over the last ninety days. 0.38% of the stock is owned by insiders.

Shares of NYSE DIS opened at $111.87 on Wednesday. The stock has a market capitalization of $171.66 billion, a P/E ratio of 15.80, a PEG ratio of 1.73 and a beta of 1.17. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 0.32. Walt Disney Co has a 52-week low of $97.68 and a 52-week high of $120.20.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.17. Walt Disney had a return on equity of 21.43% and a net margin of 21.20%. The company had revenue of $14.30 billion during the quarter, compared to analysts’ expectations of $13.76 billion. During the same period last year, the firm earned $1.07 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, research analysts forecast that Walt Disney Co will post 7.08 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the company. B. Riley reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Friday, November 9th. Argus upped their price objective on Walt Disney from $129.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, November 12th. Loop Capital upped their price objective on Walt Disney to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 9th. ValuEngine raised Walt Disney from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Finally, Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $104.00 to $130.00 in a research report on Friday, October 19th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $121.54.

ILLEGAL ACTIVITY WARNING: This piece of content was published by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of US & international copyright & trademark laws. The correct version of this piece of content can be viewed at https://www.themarketsdaily.com/2018/11/21/ima-wealth-inc-buys-1817-shares-of-walt-disney-co-dis.html.

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 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.

Recommended Story: Compound Interest

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).

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

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply