Douglass Winthrop Advisors LLC reduced its stake in shares of Walt Disney Co (NYSE:DIS) by 1.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 475,341 shares of the entertainment giant’s stock after selling 7,532 shares during the quarter. Walt Disney comprises about 2.5% of Douglass Winthrop Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Douglass Winthrop Advisors LLC’s holdings in Walt Disney were worth $55,586,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. HC Financial Advisors Inc. bought a new stake in shares of Walt Disney in the fourth quarter worth about $2,797,000. Gruss & Co. Inc. grew its stake in shares of Walt Disney by 25.0% in the first quarter. Gruss & Co. Inc. now owns 15,000 shares of the entertainment giant’s stock worth $1,507,000 after purchasing an additional 3,000 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Walt Disney by 3.9% in the first quarter. Principal Financial Group Inc. now owns 2,847,069 shares of the entertainment giant’s stock worth $285,960,000 after purchasing an additional 107,913 shares during the last quarter. Silchester International Investors LLP lifted its holdings in Walt Disney by 37.3% in the first quarter. Silchester International Investors LLP now owns 20,347 shares of the entertainment giant’s stock worth $2,044,000 after buying an additional 5,529 shares during the period. Finally, Institutional & Family Asset Management LLC lifted its holdings in Walt Disney by 27.2% in the first quarter. Institutional & Family Asset Management LLC now owns 2,966 shares of the entertainment giant’s stock worth $298,000 after buying an additional 635 shares during the period. Institutional investors and hedge funds own 63.11% of the company’s stock.

In other news, EVP Brent Woodford sold 961 shares of Walt Disney stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $117.06, for a total transaction of $112,494.66. Following the completion of the transaction, the executive vice president now directly owns 25,737 shares in the company, valued at $3,012,773.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Robert A. Iger sold 47,733 shares of Walt Disney stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $120.00, for a total transaction of $5,727,960.00. The disclosure for this sale can be found here. Insiders have sold 78,838 shares of company stock valued at $9,391,319 over the last quarter. Company insiders own 0.38% of the company’s stock.

Several analysts have commented on the stock. ValuEngine upgraded shares of Walt Disney from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Loop Capital raised their price objective on shares of Walt Disney to $130.00 and gave the stock a “buy” rating in a report on Friday, November 9th. Argus raised their price objective on shares of Walt Disney from $129.00 to $135.00 and gave the stock a “buy” rating in a report on Monday. Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Monday, October 1st. Finally, B. Riley restated a “neutral” rating on shares of Walt Disney in a report on Friday, November 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. Walt Disney currently has a consensus rating of “Buy” and a consensus price target of $121.54.

DIS stock opened at $116.85 on Wednesday. Walt Disney Co has a 52-week low of $97.68 and a 52-week high of $120.20. The company has a market cap of $175.49 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 1.50 and a beta of 1.17. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.17. Walt Disney had a net margin of 21.20% and a return on equity of 21.89%. The firm had revenue of $14.30 billion during the quarter, compared to analyst estimates of $13.76 billion. During the same period last year, the business earned $1.07 earnings per share. The business’s revenue was up 11.9% on a year-over-year basis. Sell-side analysts predict that Walt Disney Co will post 7.21 EPS for the current year.

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About Walt Disney

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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