AMI Investment Management Inc. cut its stake in The Walt Disney Company (NYSE:DIS) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,337 shares of the entertainment giant’s stock after selling 1,507 shares during the quarter. The Walt Disney makes up approximately 2.0% of AMI Investment Management Inc.’s investment portfolio, making the stock its 18th largest holding. AMI Investment Management Inc.’s holdings in The Walt Disney were worth $4,591,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Kinloch Capital LLC bought a new position in shares of The Walt Disney in the fourth quarter valued at about $28,000. Flagship Private Wealth LLC bought a new position in shares of The Walt Disney in the fourth quarter valued at about $27,000. Klaas Financial Asset Advisors LLC bought a new position in shares of The Walt Disney in the fourth quarter valued at about $33,000. Insight Financial Services bought a new position in The Walt Disney during the fourth quarter worth about $34,000. Finally, JFG Wealth Management LLC bought a new position in The Walt Disney during the third quarter worth about $26,000. 62.83% of the stock is currently owned by institutional investors.
A number of equities analysts recently commented on the stock. Sanford C. Bernstein reaffirmed a “neutral” rating and set a $124.00 price target on shares of The Walt Disney in a research report on Friday, February 12th. Deutsche Bank Aktiengesellschaft raised their price target on shares of The Walt Disney from $185.00 to $222.00 and gave the stock a “buy” rating in a research report on Tuesday, February 16th. Loop Capital raised their price target on shares of The Walt Disney from $190.00 to $230.00 in a research report on Friday, February 12th. The Goldman Sachs Group raised their price target on shares of The Walt Disney from $211.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, February 12th. Finally, Morgan Stanley raised their price target 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $180.06.
The Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, February 10th. The entertainment giant reported $0.32 earnings per share for the quarter, beating the 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%. On average, analysts anticipate that The Walt Disney Company will post 1.69 EPS for the current fiscal year.
In other The Walt Disney news, Chairman Robert A. Iger sold 478,003 shares of the business’s stock in a transaction on Wednesday, January 20th. The shares were sold at an average price of $175.92, for a total transaction of $84,090,287.76. Following the completion of the sale, the chairman now owns 1,656,157 shares in the company, valued at approximately $291,351,139.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Zenia B. Mucha sold 797 shares of the business’s stock in a transaction on Wednesday, December 23rd. The shares were sold at an average price of $172.96, for a total transaction of $137,849.12. Following the sale, the executive vice president now owns 20,634 shares of the company’s stock, valued at approximately $3,568,856.64. The disclosure for this sale can be found here. Insiders sold a total of 1,079,704 shares of company stock valued at $192,927,683 in the last quarter. 0.31% of the stock is currently owned by company insiders.
About The Walt Disney
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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