Pictet Asset Management Ltd. Has $163.91 Million Stock Position in Walt Disney Co (NYSE:DIS)

Pictet Asset Management Ltd. lowered its holdings in shares of Walt Disney Co (NYSE:DIS) by 32.3% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,173,825 shares of the entertainment giant’s stock after selling 559,868 shares during the period. Pictet Asset Management Ltd. owned about 0.07% of Walt Disney worth $163,913,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Pinnacle Financial Partners Inc. grew its position in Walt Disney by 3.3% during the 2nd quarter. Pinnacle Financial Partners Inc. now owns 41,038 shares of the entertainment giant’s stock worth $5,731,000 after acquiring an additional 1,296 shares during the last quarter. Icon Wealth Partners LLC grew its position in Walt Disney by 19.2% during the 2nd quarter. Icon Wealth Partners LLC now owns 1,618 shares of the entertainment giant’s stock worth $226,000 after acquiring an additional 261 shares during the last quarter. Wallington Asset Management LLC grew its position in Walt Disney by 1.6% during the 2nd quarter. Wallington Asset Management LLC now owns 34,045 shares of the entertainment giant’s stock worth $4,754,000 after acquiring an additional 530 shares during the last quarter. Nan Shan Life Insurance Co. Ltd. bought a new stake in Walt Disney during the 2nd quarter worth $49,572,000. Finally, Simmons Bank grew its position in Walt Disney by 12.8% during the 2nd quarter. Simmons Bank now owns 33,910 shares of the entertainment giant’s stock worth $4,735,000 after acquiring an additional 3,848 shares during the last quarter. 68.41% of the stock is owned by institutional investors.

In related news, EVP Alan N. Braverman sold 94,462 shares of the company’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $141.18, for a total transaction of $13,336,145.16. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 2,000 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $144.25, for a total value of $288,500.00. The disclosure for this sale can be found here. Insiders sold a total of 98,662 shares of company stock worth $13,947,341 in the last quarter. Corporate insiders own 0.36% of the company’s stock.

Shares of NYSE DIS traded down $0.02 during trading on Monday, reaching $132.25. The company had a trading volume of 2,485,347 shares, compared to its average volume of 6,470,481. The company’s fifty day moving average price is $136.86 and its 200-day moving average price is $132.52. Walt Disney Co has a 12 month low of $100.35 and a 12 month high of $147.15. The stock has a market cap of $240.12 billion, a P/E ratio of 18.68, a PEG ratio of 4.41 and a beta of 0.97. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 0.38.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.41). Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. The company had revenue of $20.25 billion during the quarter, compared to the consensus estimate of $21.40 billion. During the same quarter last year, the firm posted $1.87 EPS. The company’s quarterly revenue was up 32.9% on a year-over-year basis. As a group, equities analysts predict that Walt Disney Co will post 5.99 earnings per share for the current year.

A number of brokerages recently weighed in on DIS. Credit Suisse Group restated a “buy” rating and set a $150.00 price objective on shares of Walt Disney in a research report on Thursday, August 8th. Zacks Investment Research upgraded Walt Disney from a “strong sell” rating to a “hold” rating and set a $120.00 price objective on the stock in a research report on Tuesday, July 9th. Bank of America set a $168.00 price objective on Walt Disney and gave the stock a “buy” rating in a research report on Monday, June 24th. Sanford C. Bernstein set a $130.00 price objective on Walt Disney and gave the stock a “hold” rating in a research report on Thursday, September 12th. Finally, Needham & Company LLC restated a “hold” rating on shares of Walt Disney in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nineteen have assigned a buy rating to the company. Walt Disney currently has a consensus rating of “Buy” and an average price target of $147.21.

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

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

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