Buckhead Capital Management LLC reduced its stake in shares of Walt Disney Co (NYSE:DIS) by 8.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,242 shares of the entertainment giant’s stock after selling 3,556 shares during the period. Buckhead Capital Management LLC’s holdings in Walt Disney were worth $4,008,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in DIS. American Century Companies Inc. grew its holdings in Walt Disney by 53.4% during the 1st quarter. American Century Companies Inc. now owns 3,604,766 shares of the entertainment giant’s stock worth $362,063,000 after acquiring an additional 1,255,464 shares in the last quarter. Ruffer LLP boosted its holdings in shares of Walt Disney by 39.1% in the 2nd quarter. Ruffer LLP now owns 3,977,520 shares of the entertainment giant’s stock valued at $417,261,000 after buying an additional 1,117,959 shares during the period. Cornerstone Wealth Management LLC boosted its holdings in shares of Walt Disney by 10,630.8% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,022,536 shares of the entertainment giant’s stock valued at $9,705,000 after buying an additional 1,013,007 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Walt Disney by 512.5% in the 1st quarter. SG Americas Securities LLC now owns 1,137,319 shares of the entertainment giant’s stock valued at $114,232,000 after buying an additional 951,642 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in shares of Walt Disney by 73.7% in the 1st quarter. Schroder Investment Management Group now owns 2,174,764 shares of the entertainment giant’s stock valued at $218,434,000 after buying an additional 923,048 shares during the period. 63.05% of the stock is owned by institutional investors.
DIS has been the subject of several research reports. Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Monday. BMO Capital Markets lifted their price target on shares of Walt Disney from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Wednesday, August 8th. Pivotal Research lowered shares of Walt Disney from a “hold” rating to a “sell” rating and set a $93.00 price target for the company. in a report on Monday, June 18th. ValuEngine raised shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Friday, June 15th. Finally, B. Riley decreased their price target on shares of Walt Disney from $123.00 to $121.00 and set a “buy” rating for the company in a report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $119.45.
In related news, Chairman Robert A. Iger sold 437,679 shares of Walt Disney stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $115.00, for a total value of $50,333,085.00. Following the sale, the chairman now directly owns 1,498,871 shares in the company, valued at approximately $172,370,165. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Brent Woodford sold 768 shares of Walt Disney stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $104.35, for a total transaction of $80,140.80. Following the completion of the sale, the executive vice president now owns 28,493 shares in the company, valued at $2,973,244.55. The disclosure for this sale can be found here. Over the last quarter, insiders sold 710,954 shares of company stock worth $80,620,932. 0.38% of the stock is currently owned by insiders.
Shares of NYSE:DIS opened at $110.67 on Friday. The stock has a market capitalization of $163.00 billion, a P/E ratio of 19.41, a PEG ratio of 1.45 and a beta of 1.31. Walt Disney Co has a fifty-two week low of $96.80 and a fifty-two week high of $117.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.88.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.97 by ($0.10). The firm had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.49 billion. Walt Disney had a net margin of 20.76% and a return on equity of 21.37%. During the same quarter in the prior year, the business earned $1.58 earnings per share. research analysts expect that Walt Disney Co will post 6.92 earnings per share for the current fiscal year.
Walt Disney Company Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.
Recommended Story: Calculate Your Return on Investment (ROI)
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.