The Walt Disney Company (NYSE:DIS) Stake Decreased by Sterneck Capital Management LLC

Sterneck Capital Management LLC lessened its holdings in shares of The Walt Disney Company (NYSE:DIS) by 11.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 8,267 shares of the entertainment giant’s stock after selling 1,089 shares during the quarter. The Walt Disney accounts for 0.9% of Sterneck Capital Management LLC’s investment portfolio, making the stock its 28th biggest position. Sterneck Capital Management LLC’s holdings in The Walt Disney were worth $1,026,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Checchi Capital Advisers LLC raised its holdings in shares of The Walt Disney by 8.0% during the second quarter. Checchi Capital Advisers LLC now owns 24,546 shares of the entertainment giant’s stock valued at $2,737,000 after buying an additional 1,823 shares during the last quarter. Asset Dedication LLC raised its holdings in shares of The Walt Disney by 8.2% during the second quarter. Asset Dedication LLC now owns 22,418 shares of the entertainment giant’s stock valued at $2,512,000 after buying an additional 1,694 shares during the last quarter. Private Vista LLC raised its holdings in shares of The Walt Disney by 26.8% during the second quarter. Private Vista LLC now owns 4,870 shares of the entertainment giant’s stock valued at $545,000 after buying an additional 1,028 shares during the last quarter. Wesbanco Bank Inc. raised its holdings in shares of The Walt Disney by 0.9% during the second quarter. Wesbanco Bank Inc. now owns 194,967 shares of the entertainment giant’s stock valued at $21,741,000 after buying an additional 1,679 shares during the last quarter. Finally, Indiana Trust & Investment Management CO raised its holdings in shares of The Walt Disney by 1.1% during the second quarter. Indiana Trust & Investment Management CO now owns 11,212 shares of the entertainment giant’s stock valued at $1,250,000 after buying an additional 125 shares during the last quarter. 62.72% of the stock is currently owned by institutional investors.

DIS has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised The Walt Disney from a “hold” rating to a “buy” rating and boosted their target price for the stock from $128.00 to $163.00 in a report on Tuesday, September 8th. Barclays reissued a “buy” rating and set a $135.00 target price on shares of The Walt Disney in a report on Thursday, August 6th. Needham & Company LLC reissued a “hold” rating on shares of The Walt Disney in a report on Friday, June 26th. Loop Capital raised The Walt Disney from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a report on Tuesday, October 13th. Finally, Credit Suisse Group raised The Walt Disney from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $116.00 to $146.00 in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have assigned a buy rating to the stock. The Walt Disney presently has an average rating of “Buy” and an average target price of $134.70.

In other news, EVP Brent Woodford sold 2,000 shares of the company’s stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $130.95, for a total transaction of $261,900.00. Following the completion of the transaction, the executive vice president now owns 36,620 shares of the company’s stock, valued at $4,795,389. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is currently owned by corporate insiders.

Shares of DIS opened at $126.81 on Friday. The company has a 50-day simple moving average of $128.38 and a 200-day simple moving average of $117.94. The firm has a market capitalization 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 company has a debt-to-equity ratio of 0.60, a quick ratio of 1.29 and a current ratio of 1.34. The Walt Disney Company has a 52 week low of $79.07 and a 52 week high of $153.41.

The Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, August 4th. The entertainment giant reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.64) by $0.72. The business had revenue of $11.80 billion during 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 firm’s revenue for the quarter was down 41.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.35 earnings per share. As a group, equities analysts forecast that The Walt Disney Company will post 1.59 earnings per share for the current year.

The Walt Disney Profile

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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