Walt Disney Co (DIS) Holdings Trimmed by Optimum Investment Advisors

Optimum Investment Advisors lessened its holdings in Walt Disney Co (NYSE:DIS) by 3.5% in the 4th quarter, HoldingsChannel reports. The fund owned 11,574 shares of the entertainment giant’s stock after selling 422 shares during the period. Optimum Investment Advisors’ holdings in Walt Disney were worth $1,269,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Litman Gregory Asset Management LLC purchased a new position in Walt Disney during the fourth quarter valued at approximately $25,000. Contravisory Investment Management Inc. raised its position in Walt Disney by 176.4% during the fourth quarter. Contravisory Investment Management Inc. now owns 409 shares of the entertainment giant’s stock valued at $45,000 after acquiring an additional 261 shares in the last quarter. Watermark Asset Management Inc. raised its position in Walt Disney by 52.2% during the fourth quarter. Watermark Asset Management Inc. now owns 446 shares of the entertainment giant’s stock valued at $49,000 after acquiring an additional 153 shares in the last quarter. Intercontinental Wealth Advisors LLC purchased a new position in Walt Disney during the fourth quarter valued at approximately $52,000. Finally, Highwater Wealth Management LLC purchased a new position in Walt Disney during the fourth quarter valued at approximately $56,000. 64.63% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:DIS opened at $129.90 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $196.84 billion, a PE ratio of 18.35, a PEG ratio of 3.80 and a beta of 0.91. Walt Disney Co has a 1 year low of $97.68 and a 1 year high of $132.70.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.27. The firm had revenue of $15.30 billion for the quarter, compared to analyst estimates of $15.20 billion. Walt Disney had a return on equity of 20.50% and a net margin of 18.46%. The business’s revenue was down .3% on a year-over-year basis. During the same period in the previous year, the company posted $1.89 earnings per share. Research analysts anticipate that Walt Disney Co will post 6.84 EPS for the current fiscal year.

DIS has been the subject of several recent research reports. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a research report on Thursday, January 17th. Edward Jones upgraded Walt Disney from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Tigress Financial reiterated a “buy” rating on shares of Walt Disney in a research report on Tuesday, February 12th. Imperial Capital lifted their price target on Walt Disney from $129.00 to $139.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Citigroup initiated coverage on Walt Disney in a research report on Tuesday, April 2nd. They set a “buy” rating and a $150.00 price target for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $130.20.

In other news, EVP Zenia B. Mucha sold 33,000 shares of Walt Disney stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $128.88, for a total value of $4,253,040.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Brent Woodford sold 2,000 shares of Walt Disney stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $114.35, for a total value of $228,700.00. Following the completion of the sale, the executive vice president now directly owns 26,517 shares in the company, valued at $3,032,218.95. The disclosure for this sale can be found here. Insiders sold 37,000 shares of company stock worth $4,708,940 over the last ninety days. Corporate insiders own 0.36% of the company’s stock.

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Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

Further Reading: Dividend

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

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