1,266 Shares in The Walt Disney Company (NYSE:DIS) Bought by Blossom Wealth Management


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Blossom Wealth Management bought a new position in shares of The Walt Disney Company (NYSE:DIS) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,266 shares of the entertainment giant’s stock, valued at approximately $234,000. The Walt Disney comprises about 2.7% of Blossom Wealth Management’s holdings, making the stock its 15th largest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Redpoint Investment Management Pty Ltd grew its holdings in The Walt Disney by 4.4% in the fourth quarter. Redpoint Investment Management Pty Ltd now owns 44,902 shares of the entertainment giant’s stock worth $8,135,000 after purchasing an additional 1,895 shares during the period. Great Valley Advisor Group Inc. boosted its holdings in The Walt Disney by 28.8% during the fourth quarter. Great Valley Advisor Group Inc. now owns 44,387 shares of the entertainment giant’s stock worth $8,043,000 after purchasing an additional 9,922 shares during the last quarter. Zweig DiMenna Associates LLC purchased a new position in The Walt Disney during the fourth quarter worth about $13,000,000. Nachman Norwood & Parrott Inc boosted its holdings in The Walt Disney by 7.2% during the fourth quarter. Nachman Norwood & Parrott Inc now owns 23,220 shares of the entertainment giant’s stock worth $4,207,000 after purchasing an additional 1,562 shares during the last quarter. Finally, FIL Ltd boosted its holdings in The Walt Disney by 192.0% during the fourth quarter. FIL Ltd now owns 376,579 shares of the entertainment giant’s stock worth $68,229,000 after purchasing an additional 247,593 shares during the last quarter. 62.83% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Christine M. Mccarthy sold 5,000 shares of the company’s stock in a transaction on Wednesday, January 20th. The shares were sold at an average price of $177.24, for a total value of $886,200.00. Following the completion of the sale, the chief financial officer now owns 157,845 shares of the company’s stock, valued at approximately $27,976,447.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Zenia B. Mucha sold 33,969 shares of the company’s stock in a transaction on Thursday, February 18th. The shares were sold at an average price of $183.12, for a total transaction of $6,220,403.28. Following the completion of the sale, the executive vice president now directly owns 53,589 shares of the company’s stock, valued at approximately $9,813,217.68. The disclosure for this sale can be found here. Insiders sold a total of 1,363,130 shares of company stock valued at $250,457,795 in the last ninety days. 0.31% of the stock is owned by corporate insiders.

DIS stock traded up $1.75 during midday trading on Friday, reaching $187.68. The company had a trading volume of 225,758 shares, compared to its average volume of 11,232,665. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.32 and a quick ratio of 1.26. The Walt Disney Company has a 1 year low of $98.86 and a 1 year high of $203.02. The company has a market capitalization of $340.69 billion, a P/E ratio of -118.14, a P/E/G ratio of 5.07 and a beta of 1.20. The firm has a 50-day moving average price of $190.49 and a 200-day moving average price of $164.75.

The Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, February 10th. The entertainment giant reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.45) by $0.77. The Walt Disney had a negative net margin of 4.38% and a positive return on equity of 4.05%. The company had revenue of $16.25 billion during the quarter, compared to analysts’ expectations of $15.84 billion. On average, equities analysts predict that The Walt Disney Company will post 1.69 EPS for the current year.

DIS has been the topic of several research reports. JPMorgan Chase & Co. lifted their price objective on shares of The Walt Disney from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, February 12th. Bank of America reaffirmed a “buy” rating and issued a $223.00 price objective on shares of The Walt Disney in a research report on Friday, February 12th. Citigroup lifted their price objective on shares of The Walt Disney from $205.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, March 3rd. Morgan Stanley lifted their price objective on shares of The Walt Disney from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, December 21st. Finally, Sanford C. Bernstein reissued a “neutral” rating and issued a $124.00 price target on shares of The Walt Disney in a research report on Friday, February 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. The Walt Disney has an average rating of “Buy” and an average price target of $189.59.

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 domestic television stations.

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

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