The Walt Disney Company (NYSE:DIS) Stock Position Reduced by Signature Estate & Investment Advisors LLC


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Signature Estate & Investment Advisors LLC cut its stake in shares of The Walt Disney Company (NYSE:DIS) by 12.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 195,888 shares of the entertainment giant’s stock after selling 28,525 shares during the period. The Walt Disney comprises approximately 1.9% of Signature Estate & Investment Advisors LLC’s holdings, making the stock its 13th largest position. Signature Estate & Investment Advisors LLC’s holdings in The Walt Disney were worth $35,491,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DIS. Morgan Stanley grew its position in The Walt Disney by 13.4% in the third quarter. Morgan Stanley now owns 28,816,319 shares of the entertainment giant’s stock worth $3,575,528,000 after acquiring an additional 3,397,905 shares in the last quarter. Fisher Asset Management LLC grew its position in The Walt Disney by 4.5% in the third quarter. Fisher Asset Management LLC now owns 9,496,711 shares of the entertainment giant’s stock worth $1,178,352,000 after acquiring an additional 410,180 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in The Walt Disney by 5.7% in the third quarter. UBS Asset Management Americas Inc. now owns 9,245,128 shares of the entertainment giant’s stock worth $1,147,135,000 after acquiring an additional 496,922 shares in the last quarter. California Public Employees Retirement System grew its position in The Walt Disney by 2.3% in the third quarter. California Public Employees Retirement System now owns 4,138,180 shares of the entertainment giant’s stock worth $513,465,000 after acquiring an additional 94,121 shares in the last quarter. Finally, Yacktman Asset Management LP grew its position in The Walt Disney by 4.8% in the third quarter. Yacktman Asset Management LP now owns 3,059,557 shares of the entertainment giant’s stock worth $379,630,000 after acquiring an additional 141,122 shares in the last quarter. 57.46% of the stock is currently owned by hedge funds and other institutional investors.

Shares of The Walt Disney stock opened at $176.12 on Thursday. The firm has a market capitalization of $318.86 billion, a PE ratio of -110.77, a price-to-earnings-growth ratio of 4.37 and a beta of 1.16. 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’s fifty day moving average price is $168.29 and its two-hundred day moving average price is $136.87. The Walt Disney Company has a 52-week low of $79.07 and a 52-week high of $183.40.

The Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 12th. The entertainment giant reported ($0.20) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.68) by $0.48. The Walt Disney had a negative net margin of 4.38% and a positive return on equity of 4.05%. The firm had revenue of $14.71 billion for the quarter, compared to analyst estimates of $14.10 billion. During the same quarter in the previous year, the firm posted $1.07 EPS. The business’s revenue for the quarter was down 23.1% on a year-over-year basis. Analysts predict that The Walt Disney Company will post 2.05 earnings per share for the current fiscal year.

In other The Walt Disney news, EVP Zenia B. Mucha sold 35,906 shares of the company’s stock in a transaction dated Thursday, December 17th. The shares were sold at an average price of $173.34, for a total transaction of $6,223,946.04. Following the transaction, the executive vice president now directly owns 18,781 shares in the company, valued at approximately $3,255,498.54. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Zenia B. Mucha sold 797 shares of the company’s stock in a transaction dated Wednesday, December 23rd. The shares were sold at an average price of $172.96, for a total transaction of $137,849.12. Following the transaction, the executive vice president now owns 20,634 shares in the company, valued at $3,568,856.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,903 shares of company stock worth $20,128,600. Insiders own 0.31% of the company’s stock.

Several research firms have commented on DIS. Bank of America boosted their target price on shares of The Walt Disney from $146.00 to $166.00 and gave the stock a “buy” rating in a research report on Friday, November 13th. Morgan Stanley boosted their price objective on shares of The Walt Disney from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, December 21st. KeyCorp boosted their price objective on shares of The Walt Disney from $177.00 to $182.00 in a research note on Friday, December 11th. Barclays boosted their price objective on shares of The Walt Disney from $150.00 to $185.00 in a research note on Friday, December 11th. Finally, Wells Fargo & Company boosted their price objective on shares of The Walt Disney from $182.00 to $201.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 23rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $159.17.

About The Walt Disney

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 domestic television stations.

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

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