QV Investors Inc. cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 8.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,270 shares of the entertainment giant’s stock after selling 4,090 shares during the quarter. QV Investors Inc.’s holdings in The Walt Disney were worth $5,369,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Public Employees Retirement Association of Colorado raised its stake in shares of The Walt Disney by 4.8% in the first quarter. Public Employees Retirement Association of Colorado now owns 341,476 shares of the entertainment giant’s stock valued at $32,987,000 after acquiring an additional 15,620 shares during the last quarter. State Street Corp boosted its stake in The Walt Disney by 0.8% in the first quarter. State Street Corp now owns 74,952,278 shares of the entertainment giant’s stock worth $7,240,390,000 after purchasing an additional 565,404 shares in the last quarter. Independent Family Office LLC acquired a new position in The Walt Disney in the first quarter worth $248,000. Two Sigma Advisers LP bought a new stake in shares of The Walt Disney during the first quarter worth $29,676,000. Finally, APG Asset Management N.V. increased its stake in shares of The Walt Disney by 22.7% in 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 in the last quarter. Institutional investors own 62.72% of the company’s stock.
NYSE DIS opened at $126.81 on Friday. The Walt Disney Company has a one year low of $79.07 and a one year high of $153.41. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 1.29. The firm has a market cap of $229.15 billion, a P/E ratio of -204.53, a P/E/G ratio of 6.23 and a beta of 1.09. The stock’s 50-day moving average is $128.38 and its 200-day moving average is $117.94.
The Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, August 4th. The entertainment giant reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $12.48 billion. During the same period in the prior year, the business earned $1.35 EPS. The Walt Disney’s revenue for the quarter was down 41.7% compared to the same quarter last year. Equities analysts anticipate that The Walt Disney Company will post 1.59 EPS for the current year.
Several research firms have weighed in on DIS. Moffett Nathanson raised their price objective on shares of The Walt Disney from $118.00 to $136.00 and gave the company a “neutral” rating in a research report on Thursday, October 1st. Guggenheim upgraded shares of The Walt Disney from a “neutral” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Wednesday, August 5th. Zacks Investment Research upgraded The Walt Disney from a “sell” rating to a “hold” rating and set a $137.00 price objective on the stock in a research report on Monday, August 17th. Goldman Sachs Group started coverage on The Walt Disney in a research note on Monday, July 13th. They issued a “buy” rating and a $137.00 target price for the company. Finally, Citigroup upped their price target on The Walt Disney from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $134.70.
In related news, EVP Brent Woodford sold 2,000 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 36,620 shares in the company, valued at $4,795,389. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.31% of the stock is owned by corporate insiders.
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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