Wendell David Associates Inc. lifted its position in shares of Walt Disney Co (NYSE:DIS) by 1.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,160 shares of the entertainment giant’s stock after acquiring an additional 775 shares during the quarter. Walt Disney makes up about 1.1% of Wendell David Associates Inc.’s investment portfolio, making the stock its 29th largest position. Wendell David Associates Inc.’s holdings in Walt Disney were worth $7,152,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Carnick & Kubik Group LLC increased its holdings in Walt Disney by 149.1% in the second quarter. Carnick & Kubik Group LLC now owns 39,689 shares of the entertainment giant’s stock valued at $4,160,000 after purchasing an additional 23,755 shares during the last quarter. Hudock Capital Group LLC increased its holdings in shares of Walt Disney by 58.4% in the second quarter. Hudock Capital Group LLC now owns 1,839 shares of the entertainment giant’s stock worth $192,000 after acquiring an additional 678 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Walt Disney by 7.1% in the second quarter. Great West Life Assurance Co. Can now owns 1,393,124 shares of the entertainment giant’s stock worth $146,203,000 after acquiring an additional 92,705 shares in the last quarter. Everett Harris & Co. CA increased its holdings in shares of Walt Disney by 2.1% in the second quarter. Everett Harris & Co. CA now owns 1,157,965 shares of the entertainment giant’s stock worth $121,366,000 after acquiring an additional 24,140 shares in the last quarter. Finally, Hall Laurie J Trustee increased its holdings in shares of Walt Disney by 14.5% in the second quarter. Hall Laurie J Trustee now owns 20,950 shares of the entertainment giant’s stock worth $2,195,000 after acquiring an additional 2,650 shares in the last quarter. Institutional investors own 63.11% of the company’s stock.

Shares of NYSE DIS opened at $116.70 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 0.32. The company has a market cap of $175.49 billion, a P/E ratio of 16.48, a P/E/G ratio of 1.50 and a beta of 1.17. Walt Disney Co has a 52 week low of $97.68 and a 52 week high of $120.20.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.17. The firm had revenue of $14.30 billion for the quarter, compared to analyst estimates of $13.76 billion. Walt Disney had a return on equity of 21.89% and a net margin of 21.20%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.07 earnings per share. As a group, equities research analysts anticipate that Walt Disney Co will post 7.21 EPS for the current year.

Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a report on Monday, October 1st. Morgan Stanley increased their price target on Walt Disney from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, October 15th. ValuEngine raised Walt Disney from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. B. Riley reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Friday. Finally, Barclays raised Walt Disney from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $104.00 to $130.00 in a research report on Friday, October 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $121.54.

In other Walt Disney news, Chairman Robert A. Iger sold 47,733 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Brent Woodford sold 952 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were 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 90 days. Corporate insiders own 0.38% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright law. The correct version of this article can be read at https://www.thecerbatgem.com/2018/11/13/wendell-david-associates-inc-purchases-775-shares-of-walt-disney-co-dis.html.

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.

Read More: What is Considered a Good Return on Equity (ROE)?

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).

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

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.