Brick & Kyle Associates Cuts Stake in The Walt Disney Co. (DIS)
Brick & Kyle Associates lowered its position in The Walt Disney Co. (NYSE:DIS) by 0.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,793 shares of the entertainment giant’s stock after selling 3 shares during the period. The Walt Disney comprises about 2.3% of Brick & Kyle Associates’ investment portfolio, making the stock its 6th largest position. Brick & Kyle Associates’ holdings in The Walt Disney were worth $2,860,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the company. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of The Walt Disney during the second quarter valued at about $103,000. Balentine LLC increased its stake in shares of The Walt Disney by 365.8% in the second quarter. Balentine LLC now owns 1,076 shares of the entertainment giant’s stock valued at $105,000 after buying an additional 845 shares in the last quarter. Krilogy Financial LLC increased its stake in shares of The Walt Disney by 5.0% in the second quarter. Krilogy Financial LLC now owns 1,292 shares of the entertainment giant’s stock valued at $126,000 after buying an additional 61 shares in the last quarter. Cordasco Financial Network increased its stake in shares of The Walt Disney by 149.8% in the second quarter. Cordasco Financial Network now owns 1,501 shares of the entertainment giant’s stock valued at $147,000 after buying an additional 900 shares in the last quarter. Finally, Opera Trading Capital bought a new stake in shares of The Walt Disney during the first quarter valued at about $158,000. Institutional investors own 56.30% of the company’s stock.
Shares of The Walt Disney Co. (NYSE:DIS) traded up 0.71% during trading on Tuesday, hitting $99.67. The company had a trading volume of 8,396,803 shares. The Walt Disney Co. has a 12-month low of $86.25 and a 12-month high of $115.47. The stock has a market cap of $158.62 billion, a PE ratio of 17.39 and a beta of 1.21. The firm has a 50 day moving average of $94.49 and a 200 day moving average of $96.01.
The Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 10th. The entertainment giant reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $13.14 billion for the quarter, compared to analyst estimates of $13.71 billion. The Walt Disney had a net margin of 16.88% and a return on equity of 19.81%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 earnings per share. On average, analysts forecast that The Walt Disney Co. will post $5.95 earnings per share for the current fiscal year.
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Several analysts have recently issued reports on the company. FBR & Co restated a “hold” rating on shares of The Walt Disney in a research report on Sunday, September 4th. BTIG Research reiterated a “sell” rating on shares of The Walt Disney in a research report on Friday, November 11th. Piper Jaffray Cos. reiterated an “overweight” rating and set a $120.00 target price on shares of The Walt Disney in a research report on Monday, August 8th. Barclays PLC reiterated an “underweight” rating on shares of The Walt Disney in a research report on Friday, September 30th. Finally, Drexel Hamilton reiterated a “hold” rating and set a $102.00 target price on shares of The Walt Disney in a research report on Friday, November 11th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $108.09.
In other news, EVP Alan N. Braverman sold 19,871 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $99.00, for a total value of $1,967,229.00. Following the transaction, the executive vice president now directly owns 135,614 shares of the company’s stock, valued at approximately $13,425,786. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.00% of the stock is owned by insiders.
About The Walt Disney
The Walt Disney Company is a diversified entertainment company. The Company’s business segments include Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. The Media Networks segment includes cable and broadcast television networks, television production operations, television distribution, domestic television stations, and radio networks and stations.
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