The Walt Disney Company (NYSE:DIS) is Stansberry Asset Management LLC’s 7th Largest Position

Stansberry Asset Management LLC grew its holdings in The Walt Disney Company (NYSE:DISGet Rating) by 5.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 143,506 shares of the entertainment giant’s stock after acquiring an additional 7,037 shares during the period. Walt Disney comprises approximately 3.2% of Stansberry Asset Management LLC’s holdings, making the stock its 7th biggest holding. Stansberry Asset Management LLC’s holdings in Walt Disney were worth $19,684,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Walt Disney by 1.8% during the first quarter. Vanguard Group Inc. now owns 140,466,474 shares of the entertainment giant’s stock valued at $19,266,382,000 after purchasing an additional 2,514,894 shares during the period. State Street Corp grew its stake in shares of Walt Disney by 1.7% during the fourth quarter. State Street Corp now owns 73,140,194 shares of the entertainment giant’s stock valued at $11,328,685,000 after acquiring an additional 1,200,863 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Walt Disney by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 28,802,702 shares of the entertainment giant’s stock worth $4,448,175,000 after acquiring an additional 518,125 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Walt Disney by 0.8% in the first quarter. Bank of New York Mellon Corp now owns 21,459,191 shares of the entertainment giant’s stock valued at $2,943,347,000 after purchasing an additional 160,841 shares during the last quarter. Finally, Norges Bank purchased a new stake in Walt Disney during the 4th quarter worth approximately $2,290,736,000. Institutional investors and hedge funds own 61.37% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on DIS. Moffett Nathanson reduced their price objective on shares of Walt Disney to $120.00 in a research note on Friday, July 22nd. StockNews.com raised Walt Disney from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th. Guggenheim upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and boosted their target price for the company from $110.00 to $145.00 in a research note on Thursday, August 11th. KeyCorp raised their price target on shares of Walt Disney from $131.00 to $154.00 and gave the stock an “overweight” rating in a research report on Thursday, August 11th. Finally, Wells Fargo & Company boosted their price objective on shares of Walt Disney from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, August 11th. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $151.48.

Insider Buying and Selling

In related news, EVP Brent Woodford sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $119.03, for a total transaction of $357,090.00. Following the completion of the sale, the executive vice president now directly owns 28,624 shares in the company, valued at $3,407,114.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.10% of the company’s stock.

Walt Disney Stock Performance

Shares of NYSE DIS opened at $116.39 on Tuesday. The Walt Disney Company has a 1 year low of $90.23 and a 1 year high of $185.90. The firm has a market cap of $212.19 billion, a P/E ratio of 67.67, a PEG ratio of 1.50 and a beta of 1.20. The stock has a fifty day moving average price of $107.86 and a two-hundred day moving average price of $114.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.02.

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

About Walt Disney

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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.

See Also

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

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