SOL Capital Management CO Purchases 150 Shares of The Walt Disney Company (NYSE:DIS)

SOL Capital Management CO boosted its position in shares of The Walt Disney Company (NYSE:DIS) by 1.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,952 shares of the entertainment giant’s stock after acquiring an additional 150 shares during the period. SOL Capital Management CO’s holdings in The Walt Disney were worth $1,855,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of The Walt Disney by 0.8% during the first quarter. State Street Corp now owns 74,952,278 shares of the entertainment giant’s stock valued at $7,240,390,000 after buying an additional 565,404 shares during the last quarter. APG Asset Management N.V. raised its position in shares of The Walt Disney by 22.7% during the first quarter. APG Asset Management N.V. now owns 3,202,584 shares of the entertainment giant’s stock valued at $309,370,000 after buying an additional 592,703 shares during the last quarter. Morgan Stanley raised its position in shares of The Walt Disney by 16.7% during the first quarter. Morgan Stanley now owns 27,471,116 shares of the entertainment giant’s stock valued at $2,653,710,000 after buying an additional 3,939,992 shares during the last quarter. Modus Advisors LLC raised its position in shares of The Walt Disney by 48.9% during the second quarter. Modus Advisors LLC now owns 9,371 shares of the entertainment giant’s stock valued at $1,045,000 after buying an additional 3,079 shares during the last quarter. Finally, Thomasville National Bank raised its position in shares of The Walt Disney by 1.9% during the second quarter. Thomasville National Bank now owns 163,787 shares of the entertainment giant’s stock valued at $18,264,000 after buying an additional 2,976 shares during the last quarter. Institutional investors own 62.72% of the company’s stock.

Several equities research analysts have recently issued reports on DIS shares. Barclays reiterated a “buy” rating and set a $135.00 price objective on shares of The Walt Disney in a research report on Thursday, August 6th. Loop Capital raised shares of The Walt Disney from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a report on Tuesday, October 13th. JPMorgan Chase & Co. raised their target price on shares of The Walt Disney from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, October 2nd. Rosenblatt Securities raised their target price on shares of The Walt Disney from $135.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Cowen lowered shares of The Walt Disney from an “outperform” rating to a “market perform” rating and cut their target price for the company from $101.00 to $97.00 in a report on Thursday, July 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $134.70.

In other news, EVP Brent Woodford sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $130.95, for a total transaction of $261,900.00. Following the transaction, the executive vice president now directly owns 36,620 shares of the company’s stock, valued at $4,795,389. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.31% of the company’s stock.

NYSE DIS traded down $4.77 during trading on Monday, hitting $123.58. The stock had a trading volume of 366,114 shares, compared to its average volume of 14,962,406. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.29 and a current ratio of 1.34. The stock has a market capitalization of $231.94 billion, a price-to-earnings ratio of -203.47, a P/E/G ratio of 6.24 and a beta of 1.09. The Walt Disney Company has a one year low of $79.07 and a one year high of $153.41. The stock has a 50 day simple moving average of $127.23 and a 200 day simple moving average of $119.00.

The Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, August 4th. The entertainment giant reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.64) by $0.72. The business had revenue of $11.80 billion for the quarter, compared to analyst estimates of $12.48 billion. The Walt Disney had a negative net margin of 1.58% and a positive return on equity of 6.58%. The company’s quarterly revenue was down 41.7% compared to the same quarter last year. During the same period last year, the company posted $1.35 earnings per share. On average, sell-side analysts predict that The Walt Disney Company will post 1.62 EPS for the current year.

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 owned domestic television stations.

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

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