Gyroscope Capital Management Group LLC Has $839,000 Position in The Walt Disney Company (NYSE:DIS)

Gyroscope Capital Management Group LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 36.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,764 shares of the entertainment giant’s stock after selling 3,899 shares during the quarter. Gyroscope Capital Management Group LLC’s holdings in The Walt Disney were worth $839,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DIS. Vanguard Group Inc. grew its position in The Walt Disney by 7.8% during the second quarter. Vanguard Group Inc. now owns 148,574,900 shares of the entertainment giant’s stock worth $16,567,587,000 after buying an additional 10,757,398 shares in the last quarter. Coatue Management LLC grew its position in The Walt Disney by 19,729.5% during the second quarter. Coatue Management LLC now owns 9,199,122 shares of the entertainment giant’s stock worth $1,025,795,000 after buying an additional 9,152,731 shares in the last quarter. Public Investment Fund acquired a new stake in The Walt Disney during the first quarter worth approximately $495,802,000. Fisher Asset Management LLC lifted its stake in The Walt Disney by 101.7% during the second quarter. Fisher Asset Management LLC now owns 9,086,531 shares of the entertainment giant’s stock worth $1,013,239,000 after purchasing an additional 4,581,961 shares during the last quarter. Finally, Third Point LLC lifted its stake in The Walt Disney by 286.0% during the second quarter. Third Point LLC now owns 5,500,000 shares of the entertainment giant’s stock worth $613,305,000 after purchasing an additional 4,075,000 shares during the last quarter. 62.72% of the stock is currently owned by institutional investors and hedge funds.

NYSE DIS opened at $126.81 on Friday. The company has a market capitalization of $229.15 billion, a price-to-earnings ratio of -204.53, a PEG ratio of 6.23 and a beta of 1.09. The Walt Disney Company has a twelve month low of $79.07 and a twelve month high of $153.41. The stock has a fifty day simple moving average of $128.38 and a 200 day simple moving average of $117.94. The company has a quick ratio of 1.29, a current ratio of 1.34 and a debt-to-equity ratio of 0.60.

The Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, August 4th. The entertainment giant reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.64) by $0.72. The Walt Disney had a positive return on equity of 6.58% and a negative net margin of 1.58%. The business had revenue of $11.80 billion during the quarter, compared to the consensus estimate of $12.48 billion. During the same period in the prior year, the business posted $1.35 earnings per share. The Walt Disney’s quarterly revenue was down 41.7% on a year-over-year basis. Research analysts expect that The Walt Disney Company will post 1.59 earnings per share for the current fiscal year.

In other The Walt Disney news, EVP Brent Woodford sold 2,000 shares of the stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $130.95, for a total transaction of $261,900.00. Following the completion of the sale, the executive vice president now directly owns 36,620 shares in the company, valued at approximately $4,795,389. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.31% of the company’s stock.

DIS has been the subject of several recent analyst reports. Loop Capital upgraded The Walt Disney from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Tuesday, October 13th. Royal Bank of Canada restated a “neutral” rating and set a $124.00 target price on shares of The Walt Disney in a research note on Tuesday, October 13th. Needham & Company LLC restated a “hold” rating on shares of The Walt Disney in a research note on Friday, June 26th. Credit Suisse Group upgraded The Walt Disney from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $116.00 to $146.00 in a research note on Wednesday, August 5th. Finally, Zacks Investment Research upgraded The Walt Disney from a “sell” rating to a “hold” rating and set a $137.00 target price for the company in a research note on Monday, August 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nineteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $134.70.

The Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight owned domestic television stations.

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

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