Univest Corp of Pennsylvania Decreases Position in Walt Disney Co (DIS)

Univest Corp of Pennsylvania lessened its holdings in shares of Walt Disney Co (NYSE:DIS) by 7.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,320 shares of the entertainment giant’s stock after selling 3,796 shares during the quarter. Walt Disney makes up 1.7% of Univest Corp of Pennsylvania’s portfolio, making the stock its 10th biggest position. Univest Corp of Pennsylvania’s holdings in Walt Disney were worth $5,417,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in DIS. Carret Asset Management LLC raised its holdings in Walt Disney by 0.5% in the second quarter. Carret Asset Management LLC now owns 91,493 shares of the entertainment giant’s stock worth $9,589,000 after purchasing an additional 450 shares in the last quarter. Beaton Management Co. Inc. raised its holdings in Walt Disney by 1.9% in the second quarter. Beaton Management Co. Inc. now owns 24,339 shares of the entertainment giant’s stock worth $2,551,000 after purchasing an additional 450 shares in the last quarter. Fairfield Bush & CO. raised its holdings in Walt Disney by 2.3% in the second quarter. Fairfield Bush & CO. now owns 19,740 shares of the entertainment giant’s stock worth $2,069,000 after purchasing an additional 450 shares in the last quarter. Wealth Architects LLC raised its holdings in Walt Disney by 18.0% in the third quarter. Wealth Architects LLC now owns 2,968 shares of the entertainment giant’s stock worth $347,000 after purchasing an additional 452 shares in the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. raised its holdings in Walt Disney by 0.8% in the second quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 56,452 shares of the entertainment giant’s stock worth $5,916,000 after purchasing an additional 455 shares in the last quarter. Institutional investors own 63.15% of the company’s stock.

A number of equities research analysts have recently commented on the company. Zacks Investment Research raised Walt Disney from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. Morgan Stanley increased their target price on Walt Disney from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, October 15th. ValuEngine raised Walt Disney from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $104.00 to $130.00 in a research report on Friday, October 19th. Finally, Bank of America set a $144.00 price objective on Walt Disney and gave the company a “buy” rating in a research report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company’s stock. Walt Disney currently has a consensus rating of “Buy” and an average target price of $120.99.

Shares of NYSE:DIS opened at $118.00 on Friday. The stock has a market capitalization of $174.08 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 1.48 and a beta of 1.17. 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 Co has a 52-week low of $97.68 and a 52-week high of $120.20.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.17. The business had revenue of $14.30 billion for the quarter, compared to analysts’ expectations of $13.76 billion. Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the firm posted $1.07 earnings per share. As a group, equities analysts anticipate that Walt Disney Co will post 7.25 EPS for the current year.

In other Walt Disney news, EVP Brent Woodford sold 952 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $111.87, for a total value of $106,500.24. Following the transaction, the executive vice president now directly owns 26,698 shares of the company’s stock, valued at $2,986,705.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mary Jayne Parker sold 29,192 shares of the firm’s stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of $117.99, for a total value of $3,444,364.08. Following the completion of the transaction, the executive vice president now directly owns 29,199 shares in the company, valued at $3,445,190.01. The disclosure for this sale can be found here. Insiders sold 78,838 shares of company stock worth $9,391,319 over the last three months. Insiders own 0.38% of the company’s stock.

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About Walt Disney

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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