High Pointe Capital Management LLC Invests $1.47 Million in The Walt Disney Company (NYSE:DIS)


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High Pointe Capital Management LLC bought a new stake in The Walt Disney Company (NYSE:DIS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,860 shares of the entertainment giant’s stock, valued at approximately $1,472,000. The Walt Disney comprises about 1.8% of High Pointe Capital Management LLC’s portfolio, making the stock its 21st biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Morgan Stanley lifted its holdings in The Walt Disney by 16.7% in the first quarter. Morgan Stanley now owns 27,471,116 shares of the entertainment giant’s stock worth $2,653,710,000 after buying an additional 3,939,992 shares during the period. First Trust Advisors LP lifted its holdings in shares of The Walt Disney by 8.9% during the second quarter. First Trust Advisors LP now owns 95,787 shares of the entertainment giant’s stock valued at $10,681,000 after purchasing an additional 7,852 shares during the last quarter. Hartford Financial Management Inc. lifted its holdings in shares of The Walt Disney by 17.3% during the second quarter. Hartford Financial Management Inc. now owns 45,730 shares of the entertainment giant’s stock valued at $5,099,000 after purchasing an additional 6,733 shares during the last quarter. Pioneer Trust Bank N A OR lifted its holdings in shares of The Walt Disney by 1.3% during the second quarter. Pioneer Trust Bank N A OR now owns 66,066 shares of the entertainment giant’s stock valued at $7,367,000 after purchasing an additional 870 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of The Walt Disney by 169.5% during the second quarter. Creative Financial Designs Inc. ADV now owns 4,212 shares of the entertainment giant’s stock valued at $470,000 after purchasing an additional 2,649 shares during the last quarter. 57.46% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on the stock. Bank of America lifted their target price on shares of The Walt Disney from $146.00 to $166.00 and gave the company a “buy” rating in a report on Friday, November 13th. Morgan Stanley lifted their target price on shares of The Walt Disney from $135.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, November 12th. Royal Bank of Canada upgraded shares of The Walt Disney from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $124.00 to $170.00 in a research note on Friday, November 13th. JPMorgan Chase & Co. boosted their price target on shares of The Walt Disney from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, November 13th. Finally, The Goldman Sachs Group boosted their price target on shares of The Walt Disney from $142.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, November 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $141.42.

DIS stock traded down $0.65 during mid-day trading on Friday, reaching $141.07. The company had a trading volume of 8,485,920 shares, compared to its average volume of 14,741,346. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.32 and a quick ratio of 1.26. The company has a market capitalization of $254.92 billion, a PE ratio of -88.72, a price-to-earnings-growth ratio of 2.87 and a beta of 1.07. The firm has a 50 day moving average of $128.21 and a 200 day moving average of $122.81. The Walt Disney Company has a 12 month low of $79.07 and a 12 month high of $153.41.

The Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 12th. The entertainment giant reported ($0.20) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.68) by $0.48. The business had revenue of $14.71 billion for the quarter, compared to the consensus estimate of $14.10 billion. The Walt Disney had a negative net margin of 4.38% and a positive return on equity of 4.05%. The company’s revenue for the quarter was down 23.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 EPS. Analysts anticipate that The Walt Disney Company will post 2.55 EPS for the current year.

In other news, CEO Robert A. Chapek sold 9,537 shares of the stock in a transaction on Monday, November 9th. The shares were sold at an average price of $140.00, for a total value of $1,335,180.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 17,077 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $142.25, for a total transaction of $2,429,203.25. Following the completion of the sale, the executive vice president now owns 36,620 shares in the company, valued at approximately $5,209,195. The disclosure for this sale can be found here. Insiders have sold 28,614 shares of company stock valued at $4,026,283 in the last three months. 0.31% of the stock is currently owned by corporate insiders.

The 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 domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight owned domestic television stations.

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

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