Minneapolis Portfolio Management Group LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS – Get Rating) by 0.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 159,892 shares of the entertainment giant's stock after selling 343 shares during the period. Walt Disney makes up approximately 2.5% of Minneapolis Portfolio Management Group LLC's portfolio, making the stock its 23rd biggest holding. Minneapolis Portfolio Management Group LLC's holdings in Walt Disney were worth $15,083,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. Markel Corp lifted its position in shares of Walt Disney by 2.3% during the 1st quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant's stock valued at $263,713,000 after buying an additional 42,500 shares during the last quarter. Fairfield Bush & CO. lifted its position in shares of Walt Disney by 3.4% during the 1st quarter. Fairfield Bush & CO. now owns 9,624 shares of the entertainment giant's stock valued at $1,320,000 after buying an additional 320 shares during the last quarter. United Bank lifted its position in shares of Walt Disney by 8.7% during the 1st quarter. United Bank now owns 9,949 shares of the entertainment giant's stock valued at $1,365,000 after buying an additional 794 shares during the last quarter. AMI Investment Management Inc. lifted its position in shares of Walt Disney by 4.6% during the 1st quarter. AMI Investment Management Inc. now owns 24,918 shares of the entertainment giant's stock valued at $3,418,000 after buying an additional 1,094 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in Walt Disney by 0.6% during the 1st quarter. Mackenzie Financial Corp now owns 828,308 shares of the entertainment giant's stock worth $113,611,000 after purchasing an additional 4,722 shares in the last quarter. Institutional investors own 62.22% of the company's stock.
Get Walt Disney alerts:Analyst Ratings Changes
A number of analysts recently issued reports on the company. Huber Research assumed coverage on Walt Disney in a report on Tuesday, January 17th. They set an "overweight" rating on the stock. The Goldman Sachs Group dropped their price objective on Walt Disney from $137.00 to $118.00 and set a "buy" rating on the stock in a report on Wednesday, November 9th. UBS Group dropped their price objective on Walt Disney from $135.00 to $122.00 in a report on Wednesday, November 9th. Royal Bank of Canada set a $130.00 price objective on Walt Disney in a report on Monday, November 21st. Finally, Rosenblatt Securities decreased their target price on Walt Disney from $134.00 to $120.00 and set a "buy" rating on the stock in a research note on Wednesday, November 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, Walt Disney presently has a consensus rating of "Moderate Buy" and a consensus price target of $128.74.
Walt Disney Stock Up 0.3 %
Shares of Walt Disney stock traded up $0.35 on Friday, reaching $110.05. The company's stock had a trading volume of 3,914,036 shares, compared to its average volume of 11,431,924. The company has a market capitalization of $201.04 billion, a price-to-earnings ratio of 63.69, a P/E/G ratio of 2.26 and a beta of 1.22. The firm's fifty day simple moving average is $94.72 and its two-hundred day simple moving average is $101.12. The Walt Disney Company has a 52 week low of $84.07 and a 52 week high of $157.50. The company has a quick ratio of 0.94, a current ratio of 1.00 and a debt-to-equity ratio of 0.46.Walt Disney (NYSE:DIS – Get Rating) last posted its earnings results on Tuesday, November 8th. The entertainment giant reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.20). Walt Disney had a return on equity of 6.96% and a net margin of 3.80%. The business had revenue of $20.15 billion during the quarter, compared to the consensus estimate of $21.10 billion. Equities analysts anticipate that The Walt Disney Company will post 3.97 earnings per share for the current year.
Insider Buying and Selling
In related news, EVP Brent Woodford sold 1,139 shares of Walt Disney stock in a transaction on Tuesday, January 24th. The stock was sold at an average price of $105.71, for a total value of $120,403.69. Following the completion of the sale, the executive vice president now owns 32,047 shares of the company's stock, valued at $3,387,688.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Christine M. Mccarthy sold 42,533 shares of Walt Disney stock in a transaction on Thursday, January 12th. The stock was sold at an average price of $98.46, for a total transaction of $4,187,799.18. Following the transaction, the chief financial officer now directly owns 181,830 shares in the company, valued at $17,902,981.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brent Woodford sold 1,139 shares of Walt Disney stock in a transaction on Tuesday, January 24th. The shares were sold at an average price of $105.71, for a total value of $120,403.69. Following the transaction, the executive vice president now owns 32,047 shares in the company, valued at $3,387,688.37. The disclosure for this sale can be found here. Insiders sold 61,782 shares of company stock valued at $6,091,313 over the last 90 days. Company insiders own 0.10% of the company's stock.
About Walt Disney
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The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company's global film and episodic television content production and distribution activities.
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