The Walt Disney Company (NYSE:DIS) Shares Sold by FormulaFolio Investments LLC

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FormulaFolio Investments LLC lowered its stake in shares of The Walt Disney Company (NYSE:DIS) by 23.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,815 shares of the entertainment giant’s stock after selling 6,180 shares during the quarter. FormulaFolio Investments LLC’s holdings in The Walt Disney were worth $2,459,000 at the end of the most recent quarter.

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

In related news, EVP Brent Woodford sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $130.95, for a total transaction of $261,900.00. Following the sale, the executive vice president now directly owns 36,620 shares of the company’s stock, valued at approximately $4,795,389. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Shares of DIS stock traded down $0.55 on Friday, hitting $126.81. 6,295,112 shares of the stock traded hands, compared to its average volume of 15,259,918. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 1.29. The company has a market capitalization of $229.15 billion, a PE ratio of -204.53, a PEG 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 company’s fifty day moving average is $128.38 and its 200 day moving average is $117.94.

The Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 4th. The entertainment giant reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.64) by $0.72. The business had revenue of $11.80 billion for the quarter, compared to analyst estimates 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 revenue was down 41.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.35 EPS. As a group, equities research analysts expect that The Walt Disney Company will post 1.59 EPS for the current year.

A number of brokerages have recently issued reports on DIS. Morgan Stanley boosted their target price on The Walt Disney from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft upgraded The Walt Disney from a “hold” rating to a “buy” rating and upped their price target for the stock from $128.00 to $163.00 in a report on Tuesday, September 8th. Wells Fargo & Company upped their price target on The Walt Disney from $120.00 to $136.00 and gave the stock an “equal weight” rating in a report on Friday, August 14th. Rosenblatt Securities upped their price target on The Walt Disney from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, BMO Capital Markets upped their price target on The Walt Disney from $140.00 to $150.00 and gave the stock an “outperform” rating 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 given a buy rating to the stock. The Walt Disney has a consensus rating of “Buy” and an average price target of $134.70.

The Walt Disney 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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