First Mercantile Trust Co. Has $2,529,000 Stake in The Walt Disney Co. (DIS)
First Mercantile Trust Co. decreased its position in The Walt Disney Co. (NYSE:DIS) by 30.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,237 shares of the entertainment giant’s stock after selling 11,815 shares during the period. First Mercantile Trust Co.’s holdings in The Walt Disney were worth $2,529,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in DIS. Parnassus Investments CA purchased a new stake in shares of The Walt Disney during the second quarter worth about $392,780,000. Bank of Montreal Can purchased a new stake in shares of The Walt Disney during the second quarter worth about $202,393,000. Emerald Acquisition Ltd. purchased a new stake in shares of The Walt Disney during the second quarter worth about $201,593,000. Nordea Investment Management AB increased its stake in shares of The Walt Disney by 430.0% in the second quarter. Nordea Investment Management AB now owns 2,156,556 shares of the entertainment giant’s stock worth $210,954,000 after buying an additional 1,749,646 shares during the last quarter. Finally, Cohen & Steers Inc. increased its stake in shares of The Walt Disney by 282.4% in the second quarter. Cohen & Steers Inc. now owns 1,200,000 shares of the entertainment giant’s stock worth $1,194,000 after buying an additional 886,207 shares during the last quarter. Hedge funds and other institutional investors own 56.30% of the company’s stock.
Shares of The Walt Disney Co. (NYSE:DIS) traded up 0.71% on Tuesday, hitting $99.67. The stock had a trading volume of 8,396,803 shares. The Walt Disney Co. has a 52 week low of $86.25 and a 52 week high of $115.47. The stock has a market capitalization of $158.62 billion, a P/E ratio of 17.39 and a beta of 1.21. The firm has a 50-day moving average price of $94.49 and a 200-day moving average price of $96.01.
The Walt Disney (NYSE:DIS) last posted its earnings results 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 Walt Disney had a net margin of 16.88% and a return on equity of 19.81%. The firm earned $13.14 billion during the quarter, compared to the consensus estimate of $13.71 billion. During the same period in the prior year, the company posted $1.20 EPS. The firm’s revenue was down 2.7% compared to the same quarter last year. Equities analysts expect that The Walt Disney Co. will post $5.95 earnings per share for the current fiscal year.
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A number of research firms have recently commented on DIS. Needham & Company LLC reissued a “hold” rating on shares of The Walt Disney in a report on Saturday. Stifel Nicolaus reissued a “buy” rating and issued a $100.00 target price on shares of The Walt Disney in a report on Friday. Wood & Company reissued a “sell” rating and issued a $120.65 target price on shares of The Walt Disney in a report on Thursday, November 17th. Deutsche Bank AG raised shares of The Walt Disney from a “hold” rating to a “buy” rating and increased their target price for the stock from $97.70 to $112.00 in a report on Wednesday, November 16th. Finally, Vetr cut shares of The Walt Disney from a “buy” rating to a “hold” rating and set a $99.56 target price for the company. in a report on Monday, November 14th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have given a buy rating to the company. The Walt Disney currently has a consensus rating of “Hold” and a consensus price target of $108.09.
In other The Walt Disney news, EVP Alan N. Braverman sold 19,871 shares of the stock in a transaction dated 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 owns 135,614 shares of the company’s stock, valued at $13,425,786. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 13.00% of the stock is owned by company insiders.
The Walt Disney Company Profile
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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