The Walt Disney Company (NYSE:DIS) Shares Purchased by Ford Financial Group LLC

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Ford Financial Group LLC boosted its position in The Walt Disney Company (NYSE:DIS) by 6.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,599 shares of the entertainment giant’s stock after purchasing an additional 160 shares during the quarter. Ford Financial Group LLC’s holdings in The Walt Disney were worth $322,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DIS. Demars Financial Group LLC acquired a new stake in shares of The Walt Disney in the 2nd quarter worth $38,000. Selective Wealth Management Inc. increased its stake in shares of The Walt Disney by 50.6% in the 2nd quarter. Selective Wealth Management Inc. now owns 372 shares of the entertainment giant’s stock worth $42,000 after acquiring an additional 125 shares during the last quarter. Hanseatic Management Services Inc. increased its stake in shares of The Walt Disney by 29.6% in the 2nd quarter. Hanseatic Management Services Inc. now owns 442 shares of the entertainment giant’s stock worth $49,000 after acquiring an additional 101 shares during the last quarter. Estate Counselors LLC acquired a new stake in shares of The Walt Disney in the 2nd quarter worth $52,000. Finally, Equitec Proprietary Markets LLC acquired a new stake in shares of The Walt Disney in the 3rd quarter worth $62,000. 62.72% of the stock is owned by hedge funds and other institutional investors.

Shares of DIS traded down $0.55 during midday trading on Friday, hitting $126.81. The company had a trading volume of 6,295,112 shares, compared to its average volume of 15,259,918. The company’s 50-day simple moving average is $128.38 and its 200-day simple moving average is $117.94. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.29 and a current ratio of 1.34. The firm has a market capitalization of $229.15 billion, a P/E ratio of -204.53, a P/E/G ratio of 6.23 and a beta of 1.09. The Walt Disney Company has a 1 year low of $79.07 and a 1 year high of $153.41.

The Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, August 4th. The entertainment giant reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.64) by $0.72. The business had revenue of $11.80 billion during the quarter, compared to analysts’ expectations of $12.48 billion. The Walt Disney had a positive return on equity of 6.58% and a negative net margin of 1.58%. The business’s quarterly revenue was down 41.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.35 EPS. Equities analysts predict that The Walt Disney Company will post 1.59 earnings per share for the current fiscal year.

In other news, EVP Brent Woodford sold 2,000 shares of The Walt Disney stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $130.95, for a total value of $261,900.00. Following the completion of the transaction, the executive vice president now owns 36,620 shares in the company, valued at approximately $4,795,389. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.31% of the company’s stock.

DIS has been the subject of a number of recent research reports. Guggenheim raised The Walt Disney from a “neutral” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Wednesday, August 5th. UBS Group reaffirmed a “hold” rating and issued a $126.00 target price on shares of The Walt Disney in a research note on Thursday, June 25th. Morgan Stanley increased their price target on The Walt Disney from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. JPMorgan Chase & Co. increased their price target on The Walt Disney from $135.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, October 2nd. Finally, Credit Suisse Group upgraded The Walt Disney from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $116.00 to $146.00 in a report on Wednesday, August 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $134.70.

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 owned domestic television stations.

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

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