Dimensional Fund Advisors LP Increases Position in Walt Disney Co (DIS)

Dimensional Fund Advisors LP increased its holdings in Walt Disney Co (NYSE:DIS) by 22.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,228,738 shares of the entertainment giant’s stock after purchasing an additional 1,129,743 shares during the period. Dimensional Fund Advisors LP owned approximately 0.42% of Walt Disney worth $652,841,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Schwab Charles Investment Management Inc. increased its position in Walt Disney by 2.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 5,966,257 shares of the entertainment giant’s stock valued at $625,324,000 after acquiring an additional 159,265 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in Walt Disney by 5.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,979,316 shares of the entertainment giant’s stock valued at $521,882,000 after acquiring an additional 254,293 shares during the last quarter. Swiss National Bank increased its position in Walt Disney by 2.6% during the second quarter. Swiss National Bank now owns 4,971,428 shares of the entertainment giant’s stock valued at $521,055,000 after acquiring an additional 125,900 shares during the last quarter. Lindsell Train Ltd increased its position in Walt Disney by 8.4% during the second quarter. Lindsell Train Ltd now owns 4,063,629 shares of the entertainment giant’s stock valued at $425,909,000 after acquiring an additional 315,050 shares during the last quarter. Finally, Ruffer LLP increased its position in Walt Disney by 39.1% during the second quarter. Ruffer LLP now owns 3,977,520 shares of the entertainment giant’s stock valued at $417,261,000 after acquiring an additional 1,117,959 shares during the last quarter. Institutional investors own 63.04% of the company’s stock.

In other news, EVP Brent Woodford sold 843 shares of the business’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $113.56, for a total transaction of $95,731.08. Following the completion of the sale, the executive vice president now directly owns 27,650 shares of the company’s stock, valued at $3,139,934. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Robert A. Iger sold 437,679 shares of the business’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $115.00, for a total transaction of $50,333,085.00. Following the sale, the chairman now directly owns 1,498,871 shares of the company’s stock, valued at $172,370,165. The disclosure for this sale can be found here. Insiders have sold 599,701 shares of company stock valued at $69,049,384 over the last three months. Insiders own 0.38% of the company’s stock.

A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a research report on Monday, October 1st. B. Riley cut their price objective on shares of Walt Disney from $123.00 to $121.00 and set a “buy” rating on the stock in a research report on Wednesday, August 8th. Bank of America set a $144.00 price objective on shares of Walt Disney and gave the company a “buy” rating in a research report on Wednesday, August 8th. BMO Capital Markets boosted their price objective on shares of Walt Disney from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Wednesday, August 8th. Finally, Imperial Capital boosted their price objective on shares of Walt Disney from $108.00 to $112.00 and gave the company an “inline” rating in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $119.54.

Shares of DIS opened at $112.61 on Friday. The firm has a market cap of $173.92 billion, a PE ratio of 19.76, a P/E/G ratio of 1.55 and a beta of 1.29. Walt Disney Co has a 12-month low of $96.80 and a 12-month high of $118.10. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 0.35.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.97 by ($0.10). The company had revenue of $15.23 billion for the quarter, compared to analysts’ expectations of $15.49 billion. Walt Disney had a net margin of 20.76% and a return on equity of 21.37%. During the same period in the prior year, the firm posted $1.58 earnings per share. Analysts predict that Walt Disney Co will post 6.92 EPS for the current 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.

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

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