Newman Dignan & Sheerar Inc. lowered its stake in shares of Walt Disney Co (NYSE:DIS) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,166 shares of the entertainment giant’s stock after selling 1,085 shares during the quarter. Newman Dignan & Sheerar Inc.’s holdings in Walt Disney were worth $1,738,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of DIS. Beach Investment Management LLC. purchased a new stake in Walt Disney in the second quarter valued at approximately $5,587,000. Riverpoint Wealth Management Holdings LLC boosted its position in Walt Disney by 9.9% in the 2nd quarter. Riverpoint Wealth Management Holdings LLC now owns 2,765 shares of the entertainment giant’s stock worth $286,000 after purchasing an additional 248 shares in the last quarter. Strategic Financial Group LLC boosted its position in Walt Disney by 2.1% in the 2nd quarter. Strategic Financial Group LLC now owns 2,983 shares of the entertainment giant’s stock worth $317,000 after purchasing an additional 62 shares in the last quarter. Usca Ria LLC boosted its position in Walt Disney by 22.0% in the 2nd quarter. Usca Ria LLC now owns 17,420 shares of the entertainment giant’s stock worth $1,851,000 after purchasing an additional 3,146 shares in the last quarter. Finally, Great Lakes Advisors LLC boosted its position in Walt Disney by 32.2% in the 2nd quarter. Great Lakes Advisors LLC now owns 70,010 shares of the entertainment giant’s stock worth $7,439,000 after purchasing an additional 17,057 shares in the last quarter. Hedge funds and other institutional investors own 62.56% of the company’s stock.
In related news, Director Aylwin B. Lewis sold 1,797 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $108.39, for a total transaction of $194,776.83. Following the completion of the transaction, the director now directly owns 85,636 shares in the company, valued at approximately $9,282,086.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.38% of the company’s stock.
Several equities research analysts have commented on DIS shares. Vetr upgraded Walt Disney from a “hold” rating to a “buy” rating and set a $107.20 price objective on the stock in a research report on Tuesday, November 21st. BMO Capital Markets restated a “sell” rating and issued a $90.00 price objective on shares of Walt Disney in a research report on Wednesday, November 22nd. Piper Jaffray Companies restated a “buy” rating and issued a $120.00 price objective on shares of Walt Disney in a research report on Wednesday, November 22nd. Rosenblatt Securities restated a “hold” rating and issued a $115.00 price objective on shares of Walt Disney in a research report on Monday, December 4th. Finally, Loop Capital reaffirmed a “buy” rating and set a $106.00 target price on shares of Walt Disney in a research note on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $119.40.
Walt Disney stock opened at $102.87 on Monday. Walt Disney Co has a twelve month low of $96.20 and a twelve month high of $116.10. The firm has a market capitalization of $154,683.16, a price-to-earnings ratio of 17.03, a PEG ratio of 1.75 and a beta of 1.30. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43.
Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, February 6th. The entertainment giant reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.28. Walt Disney had a return on equity of 20.44% and a net margin of 19.61%. The company had revenue of $15.35 billion during the quarter, compared to analysts’ expectations of $15.47 billion. During the same period last year, the business posted $1.55 EPS. Walt Disney’s revenue for the quarter was up 3.8% on a year-over-year basis. research analysts predict that Walt Disney Co will post 6.95 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This news story was first posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://www.thelincolnianonline.com/2018/03/19/walt-disney-co-dis-stake-lessened-by-newman-dignan-sheerar-inc.html.
Walt Disney Profile
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).
Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.