Catawba Capital Management VA lowered its position in shares of The Walt Disney Co. (NYSE:DIS) by 1.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,730 shares of the entertainment giant’s stock after selling 1,185 shares during the period. The Walt Disney comprises 1.9% of Catawba Capital Management VA’s holdings, making the stock its 5th largest position. Catawba Capital Management VA’s holdings in The Walt Disney were worth $7,961,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in The Walt Disney by 0.7% in the second quarter. Vanguard Group Inc. now owns 89,587,720 shares of the entertainment giant’s stock valued at $8,763,471,000 after buying an additional 633,253 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of The Walt Disney by 0.3% in the second quarter. Fisher Asset Management LLC now owns 8,674,051 shares of the entertainment giant’s stock worth $867,232,000 after buying an additional 28,364 shares during the period. Legal & General Group Plc increased its position in shares of The Walt Disney by 1.8% in the second quarter. Legal & General Group Plc now owns 7,105,883 shares of the entertainment giant’s stock worth $695,080,000 after buying an additional 122,777 shares during the period. Swiss National Bank increased its position in shares of The Walt Disney by 6.5% in the second quarter. Swiss National Bank now owns 4,344,828 shares of the entertainment giant’s stock worth $425,011,000 after buying an additional 264,600 shares during the period. Finally, California Public Employees Retirement System increased its position in shares of The Walt Disney by 0.3% in the second quarter. California Public Employees Retirement System now owns 4,343,976 shares of the entertainment giant’s stock worth $424,928,000 after buying an additional 15,100 shares during the period. 56.30% of the stock is currently owned by hedge funds and other institutional investors.

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

The Walt Disney Co. (NYSE:DIS) traded up 0.64% during mid-day trading on Tuesday, reaching $99.60. 5,883,684 shares of the company were exchanged. The stock has a market capitalization of $158.51 billion, a P/E ratio of 17.38 and a beta of 1.21. The Walt Disney Co. has a 12 month low of $86.25 and a 12 month high of $115.47. The company’s 50 day moving average price is $94.49 and its 200-day moving average price is $96.01.

The Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 10th. The entertainment giant reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.16 by $0.06. The business had revenue of $13.14 billion for the quarter, compared to analyst estimates of $13.71 billion. The Walt Disney had a return on equity of 19.81% and a net margin of 16.88%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period last year, the company posted $1.20 earnings per share. On average, 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 brokerages have weighed in on DIS. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $118.00 price objective on shares of The Walt Disney in a research report on Saturday, August 13th. Nomura reiterated a “buy” rating and issued a $110.00 price objective on shares of The Walt Disney in a research report on Friday, November 11th. BTIG Research restated a “sell” rating on shares of The Walt Disney in a research report on Friday, November 11th. Loop Capital restated a “buy” rating and set a $114.00 price target on shares of The Walt Disney in a research report on Friday, November 11th. Finally, RBC Capital Markets restated a “hold” rating and set a $103.00 price target on shares of The Walt Disney in a research report on Friday, November 11th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $108.09.

In other The Walt Disney news, EVP Alan N. Braverman sold 19,871 shares of the stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $99.00, for a total transaction of $1,967,229.00. Following the sale, the executive vice president now directly owns 135,614 shares of the company’s stock, valued at $13,425,786. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 13.00% of the company’s stock.

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.

5 Day Chart for NYSE:DIS

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