GHP Investment Advisors Inc. Boosts Stake in The Walt Disney Co. (DIS)
GHP Investment Advisors Inc. boosted its stake in The Walt Disney Co. (NYSE:DIS) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,292 shares of the entertainment giant’s stock after buying an additional 117 shares during the period. The Walt Disney accounts for 0.7% of GHP Investment Advisors Inc.’s holdings, making the stock its 27th largest position. GHP Investment Advisors Inc.’s holdings in The Walt Disney were worth $3,556,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of DIS. Robshaw & Julian Associates Inc. raised its position in The Walt Disney by 5.9% in the third quarter. Robshaw & Julian Associates Inc. now owns 51,530 shares of the entertainment giant’s stock valued at $4,785,000 after buying an additional 2,850 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in The Walt Disney by 9.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 581,708 shares of the entertainment giant’s stock valued at $56,903,000 after buying an additional 50,299 shares during the period. HL Financial Services LLC raised its position in The Walt Disney by 3.5% in the second quarter. HL Financial Services LLC now owns 1,548,371 shares of the entertainment giant’s stock valued at $151,463,000 after buying an additional 52,301 shares during the period. Chesley Taft & Associates LLC raised its position in The Walt Disney by 0.4% in the second quarter. Chesley Taft & Associates LLC now owns 270,147 shares of the entertainment giant’s stock valued at $26,426,000 after buying an additional 1,205 shares during the period. Finally, Oakbrook Investments LLC raised its position in The Walt Disney by 16.7% in the second quarter. Oakbrook Investments LLC now owns 304,720 shares of the entertainment giant’s stock valued at $29,808,000 after buying an additional 43,625 shares during the period. 56.30% of the stock is currently owned by institutional investors and hedge funds.
The Walt Disney Co. (NYSE:DIS) traded down 0.55% on Wednesday, reaching $99.12. 11,368,462 shares of the company’s stock were exchanged. The firm has a market cap of $157.75 billion, a PE ratio of 17.30 and a beta of 1.21. The firm’s 50-day moving average is $94.70 and its 200-day moving average is $96.00. The Walt Disney Co. has a 12 month low of $86.25 and a 12 month high of $115.47.
The Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Thursday, November 10th. The entertainment giant reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by $0.06. The Walt Disney had a return on equity of 19.81% and a net margin of 16.88%. The company had revenue of $13.14 billion for the quarter, compared to the consensus estimate of $13.71 billion. During the same period in the prior year, the company earned $1.20 EPS. The firm’s revenue was down 2.7% on a year-over-year basis. On average, equities analysts forecast that The Walt Disney Co. will post $5.95 earnings per share for the current year.
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Several analysts have recently weighed in on DIS shares. Deutsche Bank AG restated a “hold” rating and set a $115.00 target price on shares of The Walt Disney in a research note on Thursday, August 4th. Piper Jaffray Cos. restated an “overweight” rating and set a $120.00 target price on shares of The Walt Disney in a research note on Monday, August 8th. Stifel Nicolaus downgraded The Walt Disney to a “hold” rating in a research note on Tuesday, August 9th. Macquarie upgraded The Walt Disney from a “neutral” rating to an “outperform” rating and set a $125.00 price target for the company in a research note on Wednesday, August 10th. Finally, Pivotal Research decreased their price target on The Walt Disney from $122.00 to $118.00 and set a “buy” rating for the company in a research note on Wednesday, August 10th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the stock. The Walt Disney has an average rating of “Hold” and an average target price of $108.09.
In other 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 completion of the sale, the executive vice president now owns 135,614 shares of the company’s stock, valued at $13,425,786. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 13.00% of the company’s stock.
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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