Bbva Compass Bancshares Inc. Boosts Position in Walt Disney Co (DIS)

Bbva Compass Bancshares Inc. increased its holdings in shares of Walt Disney Co (NYSE:DIS) by 5.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 88,701 shares of the entertainment giant’s stock after purchasing an additional 4,224 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in Walt Disney were worth $9,726,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of DIS. Gerber Kawasaki Wealth & Investment Management grew its stake in shares of Walt Disney by 2.3% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 154,216 shares of the entertainment giant’s stock worth $16,909,000 after acquiring an additional 3,514 shares in the last quarter. Mainstay Capital Management LLC ADV grew its stake in shares of Walt Disney by 2.9% during the 4th quarter. Mainstay Capital Management LLC ADV now owns 10,621 shares of the entertainment giant’s stock worth $1,153,000 after acquiring an additional 295 shares in the last quarter. Adell Harriman & Carpenter Inc. grew its stake in shares of Walt Disney by 2.9% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 37,004 shares of the entertainment giant’s stock worth $4,058,000 after acquiring an additional 1,033 shares in the last quarter. Northwest Bancshares Inc. grew its stake in shares of Walt Disney by 19.6% during the 4th quarter. Northwest Bancshares Inc. now owns 26,470 shares of the entertainment giant’s stock worth $2,903,000 after acquiring an additional 4,330 shares in the last quarter. Finally, Seelaus Asset Management LLC grew its stake in shares of Walt Disney by 60.9% during the 4th quarter. Seelaus Asset Management LLC now owns 11,100 shares of the entertainment giant’s stock worth $1,217,000 after acquiring an additional 4,200 shares in the last quarter. 65.92% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Zenia B. Mucha sold 33,000 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $128.88, for a total value of $4,253,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Brent Woodford sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $114.35, for a total transaction of $228,700.00. Following the completion of the transaction, the executive vice president now directly owns 26,517 shares of the company’s stock, valued at $3,032,218.95. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by company insiders.

Several equities analysts have recently weighed in on the stock. Credit Suisse Group raised their price target on shares of Walt Disney from $114.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday. Zacks Investment Research cut shares of Walt Disney from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. UBS Group raised their price target on shares of Walt Disney from $128.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. BMO Capital Markets raised their price target on shares of Walt Disney from $140.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. Finally, Barclays raised their price target on shares of Walt Disney from $130.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have assigned a buy rating to the company. Walt Disney presently has a consensus rating of “Buy” and a consensus target price of $142.36.

NYSE:DIS opened at $134.04 on Friday. Walt Disney Co has a 1-year low of $98.81 and a 1-year high of $142.37. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.92. The firm has a market capitalization of $199.15 billion, a P/E ratio of 18.93, a PEG ratio of 3.44 and a beta of 1.00.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.02. Walt Disney had a net margin of 22.55% and a return on equity of 15.67%. The business had revenue of $14.92 billion during the quarter, compared to analysts’ expectations of $14.53 billion. During the same period last year, the business earned $1.84 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Walt Disney Co will post 6.8 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Bbva Compass Bancshares Inc. Boosts Position in Walt Disney Co (DIS)” was reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2019/05/12/bbva-compass-bancshares-inc-boosts-position-in-walt-disney-co-dis.html.

Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

Read More: Understanding Options Trading

Institutional Ownership by Quarter for Walt Disney (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.



Leave a Reply