Hartford Financial Management Inc. Boosts Stock Holdings in The Walt Disney Company (NYSE:DIS)

Share on StockTwits

Hartford Financial Management Inc. grew its holdings in The Walt Disney Company (NYSE:DIS) by 1.0% during the third quarter, HoldingsChannel.com reports. The fund owned 46,171 shares of the entertainment giant’s stock after purchasing an additional 441 shares during the quarter. The Walt Disney makes up about 1.7% of Hartford Financial Management Inc.’s portfolio, making the stock its 12th biggest holding. Hartford Financial Management Inc.’s holdings in The Walt Disney were worth $5,729,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Demars Financial Group LLC purchased a new position in shares of The Walt Disney in the 2nd quarter valued at $38,000. Selective Wealth Management Inc. raised 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 valued at $42,000 after acquiring an additional 125 shares during the period. Hanseatic Management Services Inc. raised 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 valued at $49,000 after acquiring an additional 101 shares during the period. Estate Counselors LLC purchased a new stake in The Walt Disney during the 2nd quarter worth $52,000. Finally, Equitec Proprietary Markets LLC purchased a new stake in The Walt Disney during the 3rd quarter worth $62,000. 62.72% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Brent Woodford sold 2,000 shares of The Walt Disney stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $130.95, for a total value of $261,900.00. Following the sale, the executive vice president now directly owns 36,620 shares in the company, valued at approximately $4,795,389. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.31% of the company’s stock.

Several research firms recently issued reports on DIS. Tigress Financial reaffirmed a “buy” rating on shares of The Walt Disney in a research note on Sunday, August 23rd. Rosenblatt Securities lifted their price target on shares of The Walt Disney from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Barclays reaffirmed a “buy” rating and set a $135.00 price target on shares of The Walt Disney in a research note on Thursday, August 6th. Goldman Sachs Group began coverage on shares of The Walt Disney in a research note on Monday, July 13th. They set a “buy” rating and a $137.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of The Walt Disney in a research note on Friday, June 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $134.70.

Shares of NYSE DIS traded down $0.55 during midday trading on Friday, hitting $126.81. The company’s stock had a trading volume of 6,295,112 shares, compared to its average volume of 15,259,918. The firm has a market cap 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 firm’s fifty day moving average price is $128.38 and its 200-day moving average price is $117.94. The Walt Disney Company has a 1-year low of $79.07 and a 1-year high of $153.41. 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 Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, August 4th. The entertainment giant reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.64) by $0.72. The firm had revenue of $11.80 billion for the quarter, compared to the consensus estimate of $12.48 billion. The Walt Disney had a negative net margin of 1.58% and a positive return on equity of 6.58%. The Walt Disney’s quarterly revenue was down 41.7% compared to the same quarter last year. During the same period last year, the firm posted $1.35 EPS. As a group, research analysts predict that The Walt Disney Company will post 1.59 earnings per share for the current fiscal year.

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.

Featured Article: What are trading strategies for the 52-week high/low?

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS).

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

Receive News & Ratings for The Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.