Sterneck Capital Management LLC trimmed its stake in shares of The Walt Disney Company (NYSE:DIS) by 11.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,267 shares of the entertainment giant’s stock after selling 1,089 shares during the quarter. The Walt Disney accounts for 0.9% of Sterneck Capital Management LLC’s holdings, making the stock its 28th largest holding. Sterneck Capital Management LLC’s holdings in The Walt Disney were worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DIS. Winning Points Advisors LLC lifted its holdings in shares of The Walt Disney by 2.1% in the 2nd quarter. Winning Points Advisors LLC now owns 4,052 shares of the entertainment giant’s stock valued at $452,000 after purchasing an additional 85 shares during the last quarter. RB Capital Management LLC raised its stake in shares of The Walt Disney by 0.3% during the 2nd quarter. RB Capital Management LLC now owns 27,243 shares of the entertainment giant’s stock worth $3,038,000 after buying an additional 86 shares in the last quarter. Horan Capital Advisors LLC. raised its stake in shares of The Walt Disney by 0.6% during the 2nd quarter. Horan Capital Advisors LLC. now owns 17,282 shares of the entertainment giant’s stock worth $1,927,000 after buying an additional 95 shares in the last quarter. Ellis Investment Partners LLC raised its stake in shares of The Walt Disney by 1.9% during the 2nd quarter. Ellis Investment Partners LLC now owns 5,290 shares of the entertainment giant’s stock worth $597,000 after buying an additional 100 shares in the last quarter. Finally, Botty Investors LLC raised its stake in shares of The Walt Disney by 2.2% during the 2nd quarter. Botty Investors LLC now owns 4,675 shares of the entertainment giant’s stock worth $521,000 after buying an additional 100 shares in the last quarter. 62.72% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Brent Woodford sold 2,000 shares of the firm’s stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $130.95, for a total transaction of $261,900.00. Following the sale, the executive vice president now owns 36,620 shares in the company, valued at $4,795,389. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by company insiders.

DIS stock opened at $126.81 on Friday. The Walt Disney Company has a 52-week low of $79.07 and a 52-week high of $153.41. The stock’s fifty day simple moving average is $128.38 and its 200-day simple moving average is $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 stock has a market capitalization of $229.15 billion, a price-to-earnings ratio of -204.53, a price-to-earnings-growth ratio of 6.23 and a beta of 1.09.

The Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, August 4th. The entertainment giant reported $0.08 earnings per share (EPS) for the quarter, topping the 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 for the quarter, compared to analysts’ expectations of $12.48 billion. During the same quarter last year, the firm earned $1.35 earnings per share. The business’s revenue was down 41.7% on a year-over-year basis. As a group, analysts anticipate that The Walt Disney Company will post 1.59 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on DIS. Barclays reissued a “buy” rating and set a $135.00 target price on shares of The Walt Disney in a research note on Thursday, August 6th. BMO Capital Markets upped their price target on The Walt Disney from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Rosenblatt Securities upped their price target on The Walt Disney from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Morgan Stanley upped their price target on The Walt Disney from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Finally, Royal Bank of Canada restated a “neutral” rating and issued a $124.00 price target on shares of The Walt Disney in a report on Tuesday, October 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $134.70.

The Walt Disney Company 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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