Boston Partners Sells 71,124 Shares of Walt Disney Co (NYSE:DIS)

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Boston Partners lowered its position in Walt Disney Co (NYSE:DIS) by 13.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 472,988 shares of the entertainment giant’s stock after selling 71,124 shares during the period. Boston Partners’ holdings in Walt Disney were worth $66,048,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Walt Disney by 3.3% in the second quarter. Vanguard Group Inc. now owns 131,103,772 shares of the entertainment giant’s stock worth $18,307,330,000 after acquiring an additional 4,142,604 shares in the last quarter. Phocas Financial Corp. lifted its holdings in shares of Walt Disney by 1,011,623.0% in the second quarter. Phocas Financial Corp. now owns 65,691,172 shares of the entertainment giant’s stock valued at $91,731,000 after purchasing an additional 65,684,679 shares in the last quarter. FMR LLC lifted its holdings in shares of Walt Disney by 37.2% in the first quarter. FMR LLC now owns 33,901,641 shares of the entertainment giant’s stock valued at $3,764,098,000 after purchasing an additional 9,190,235 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Walt Disney by 29.9% in the second quarter. Morgan Stanley now owns 27,743,170 shares of the entertainment giant’s stock valued at $3,874,059,000 after purchasing an additional 6,386,504 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Walt Disney by 1.2% in the second quarter. Northern Trust Corp now owns 25,509,749 shares of the entertainment giant’s stock valued at $3,562,181,000 after purchasing an additional 300,560 shares in the last quarter. Institutional investors and hedge funds own 68.41% of the company’s stock.

A number of research analysts have recently weighed in on the company. Bank of America set a $168.00 target price on Walt Disney and gave the company a “buy” rating in a report on Monday, June 24th. JPMorgan Chase & Co. restated a “buy” rating and issued a $150.00 target price on shares of Walt Disney in a report on Wednesday, August 7th. Imperial Capital decreased their price target on Walt Disney from $140.00 to $139.00 and set an “in-line” rating for the company in a research report on Thursday. Moffett Nathanson set a $150.00 price target on Walt Disney and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, Zacks Investment Research raised Walt Disney from a “strong sell” rating to a “hold” rating and set a $120.00 price target for the company in a research report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nineteen have assigned a buy rating to the stock. Walt Disney presently has a consensus rating of “Buy” and an average price target of $147.21.

In other news, EVP Brent Woodford sold 2,200 shares of Walt Disney stock in a transaction on Monday, July 29th. The stock was sold at an average price of $146.68, for a total value of $322,696.00. Following the completion of the transaction, the executive vice president now directly owns 34,679 shares in the company, valued at $5,086,715.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Alan N. Braverman sold 94,462 shares of Walt Disney stock in a transaction on Friday, July 5th. The shares were sold at an average price of $141.18, for a total value of $13,336,145.16. The disclosure for this sale can be found here. Insiders sold 98,662 shares of company stock valued at $13,947,341 over the last three months. Company insiders own 0.36% of the company’s stock.

NYSE:DIS traded down $1.37 during trading hours on Thursday, reaching $135.43. The stock had a trading volume of 2,233,600 shares, compared to its average volume of 6,354,677. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.67 and a current ratio of 0.70. The stock has a 50 day simple moving average of $137.32 and a 200 day simple moving average of $132.33. Walt Disney Co has a 12-month low of $100.35 and a 12-month high of $147.15. The stock has a market cap of $244.63 billion, a P/E ratio of 19.13, a price-to-earnings-growth ratio of 4.49 and a beta of 0.97.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.41). Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. The firm had revenue of $20.25 billion during the quarter, compared to analysts’ expectations of $21.40 billion. During the same period in the prior year, the business earned $1.87 earnings per share. The business’s quarterly revenue was up 32.9% compared to the same quarter last year. On average, equities analysts expect that Walt Disney Co will post 6 earnings per share for the current fiscal 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 businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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

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