Ipswich Investment Management Co. Inc. acquired a new stake in shares of Walt Disney Co (NYSE:DIS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,450 shares of the entertainment giant’s stock, valued at approximately $754,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Moody Aldrich Partners LLC bought a new position in Walt Disney during the second quarter valued at $71,061,000. Live Your Vision LLC grew its holdings in Walt Disney by 91.6% during the second quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock valued at $113,000 after purchasing an additional 500 shares during the period. Trilogy Capital Inc. bought a new position in Walt Disney during the first quarter valued at $107,000. CSat Investment Advisory L.P. bought a new position in Walt Disney during the second quarter valued at $112,000. Finally, Lenox Wealth Advisors LLC grew its holdings in Walt Disney by 807.2% during the third quarter. Lenox Wealth Advisors LLC now owns 1,134 shares of the entertainment giant’s stock valued at $133,000 after purchasing an additional 1,009 shares during the period. 63.15% of the stock is owned by institutional investors and hedge funds.

Walt Disney stock opened at $118.00 on Friday. Walt Disney Co has a one year low of $97.68 and a one year high of $120.20. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.88 and a quick ratio of 0.81. The firm has a market capitalization of $174.08 billion, a PE ratio of 16.67, a P/E/G ratio of 1.48 and a beta of 1.17.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.17. Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. The company had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $13.76 billion. During the same quarter last year, the business posted $1.07 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. Analysts anticipate that Walt Disney Co will post 7.25 EPS for the current fiscal year.

In related news, Chairman Robert A. Iger sold 47,733 shares of the stock in a transaction on Friday, November 9th. The stock was sold at an average price of $120.00, for a total value of $5,727,960.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Brent Woodford sold 952 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $111.87, for a total value of $106,500.24. Following the completion of the sale, the executive vice president now owns 26,698 shares in the company, valued at approximately $2,986,705.26. The disclosure for this sale can be found here. Insiders sold 78,838 shares of company stock worth $9,391,319 in the last quarter. 0.38% of the stock is currently owned by company insiders.

DIS has been the subject of several research reports. Zacks Investment Research raised Walt Disney from a “sell” rating to a “hold” rating in a report on Monday, September 10th. BMO Capital Markets increased their price objective on Walt Disney from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Wednesday, August 8th. B. Riley reduced their price objective on Walt Disney from $123.00 to $121.00 and set a “buy” rating for the company in a report on Wednesday, August 8th. Imperial Capital raised their price target on Walt Disney from $108.00 to $112.00 and gave the stock an “inline” rating in a report on Wednesday, August 8th. Finally, Loop Capital raised their price target on Walt Disney to $130.00 and gave the stock a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company. Walt Disney currently has an average rating of “Buy” and an average price target of $120.99.

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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 cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

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

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