The Walt Disney Company (NYSE:DIS) Shares Purchased by Ethic Inc.

Ethic Inc. increased its stake in shares of The Walt Disney Company (NYSE:DISGet Rating) by 14.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,748 shares of the entertainment giant’s stock after purchasing an additional 7,638 shares during the quarter. Walt Disney accounts for 0.6% of Ethic Inc.’s holdings, making the stock its 22nd largest holding. Ethic Inc.’s holdings in Walt Disney were worth $8,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of DIS. Rafferty Asset Management LLC grew its stake in Walt Disney by 114.8% during the 4th quarter. Rafferty Asset Management LLC now owns 7,446 shares of the entertainment giant’s stock worth $1,153,000 after purchasing an additional 3,980 shares in the last quarter. Probity Advisors Inc. boosted its position in shares of Walt Disney by 8.6% during the 4th quarter. Probity Advisors Inc. now owns 4,256 shares of the entertainment giant’s stock worth $659,000 after acquiring an additional 337 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Walt Disney by 8.1% during the 4th quarter. International Assets Investment Management LLC now owns 22,371 shares of the entertainment giant’s stock worth $3,157,000 after acquiring an additional 1,679 shares in the last quarter. Joseph Group Capital Management acquired a new position in shares of Walt Disney during the 4th quarter worth about $1,573,000. Finally, Cascade Investment Advisors Inc. boosted its position in shares of Walt Disney by 51.6% during the 4th quarter. Cascade Investment Advisors Inc. now owns 8,810 shares of the entertainment giant’s stock worth $1,365,000 after acquiring an additional 3,000 shares in the last quarter. 61.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walt Disney

In other Walt Disney news, EVP Brent Woodford sold 3,000 shares of the stock in a transaction on Friday, August 12th. The stock was sold at an average price of $119.03, for a total transaction of $357,090.00. Following the transaction, the executive vice president now owns 28,624 shares of the company’s stock, valued at approximately $3,407,114.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DIS. Rosenblatt Securities upped their price objective on Walt Disney from $124.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. KGI Securities assumed coverage on Walt Disney in a research report on Monday, May 23rd. They set an “outperform” rating and a $145.00 price objective for the company. Morgan Stanley reduced their target price on Walt Disney from $170.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, June 30th. StockNews.com raised Walt Disney from a “sell” rating to a “hold” rating in a report on Thursday, August 11th. Finally, Barclays reduced their target price on Walt Disney from $130.00 to $120.00 and set an “equal weight” rating for the company in a report on Thursday, July 14th. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.48.

Walt Disney Stock Performance

DIS opened at $115.18 on Friday. The stock has a market cap of $209.98 billion, a P/E ratio of 66.97, a P/E/G ratio of 1.50 and a beta of 1.20. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.97. The stock’s 50 day simple moving average is $107.86 and its 200 day simple moving average is $115.18. The Walt Disney Company has a 1-year low of $90.23 and a 1-year high of $187.10.

Walt Disney (NYSE:DISGet Rating) last released its quarterly earnings results on Wednesday, August 10th. The entertainment giant reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. The business had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $21.01 billion. Walt Disney had a return on equity of 7.20% and a net margin of 3.87%. The company’s revenue was up 26.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 EPS. As a group, equities analysts anticipate that The Walt Disney Company will post 3.85 EPS for the current fiscal year.

Walt Disney Company Profile

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The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

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

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