First Trust Advisors LP boosted its position in shares of Walt Disney Co (NYSE:DIS) by 20.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 390,246 shares of the entertainment giant’s stock after buying an additional 66,042 shares during the period. First Trust Advisors LP’s holdings in Walt Disney were worth $40,902,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Trilogy Capital Inc. acquired a new position in shares of Walt Disney in the first quarter valued at approximately $107,000. Avestar Capital LLC acquired a new position in shares of Walt Disney in the fourth quarter valued at approximately $108,000. Live Your Vision LLC increased its holdings in shares of Walt Disney by 91.6% in the second quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock valued at $113,000 after purchasing an additional 500 shares during the period. BDO Wealth Advisors LLC increased its holdings in shares of Walt Disney by 184.3% in the first quarter. BDO Wealth Advisors LLC now owns 1,140 shares of the entertainment giant’s stock valued at $114,000 after purchasing an additional 739 shares during the period. Finally, Bruderman Asset Management LLC acquired a new position in shares of Walt Disney in the first quarter valued at approximately $116,000. 63.05% of the stock is currently owned by institutional investors.

Shares of DIS stock opened at $109.46 on Thursday. Walt Disney Co has a 1-year low of $96.80 and a 1-year high of $117.90. The firm has a market cap of $165.04 billion, a P/E ratio of 19.20, a price-to-earnings-growth ratio of 1.47 and a beta of 1.31. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.35.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.97 by ($0.10). Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. The business had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same period in the prior year, the company earned $1.58 EPS. equities analysts predict that Walt Disney Co will post 6.92 EPS for the current fiscal year.

A number of research analysts have recently issued reports on the company. Zacks Investment Research lowered Walt Disney from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Bank of America set a $144.00 target price on Walt Disney and gave the company a “buy” rating in a report on Wednesday, August 8th. Royal Bank of Canada reissued a “buy” rating and issued a $140.00 target price on shares of Walt Disney in a report on Wednesday, August 8th. Credit Suisse Group assumed coverage on Walt Disney in a report on Tuesday, July 10th. They issued a “neutral” rating and a $114.00 target price on the stock. Finally, Imperial Capital assumed coverage on Walt Disney in a report on Thursday, June 28th. They issued an “in-line” rating and a $108.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $119.45.

In other Walt Disney news, EVP Alan N. Braverman sold 140,638 shares of the business’s stock in a transaction on Wednesday, July 11th. The stock was sold at an average price of $107.00, for a total transaction of $15,048,266.00. Following the sale, the executive vice president now directly owns 160,316 shares in the company, valued at $17,153,812. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Robert A. Iger sold 437,679 shares of the business’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $115.00, for a total value of $50,333,085.00. Following the sale, the chairman now owns 1,498,871 shares in the company, valued at $172,370,165. The disclosure for this sale can be found here. Insiders have sold 710,954 shares of company stock worth $80,620,932 in the last ninety days. 0.38% of the stock is currently owned by corporate insiders.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

See Also: Return on Equity (ROE)

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

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