Bartlett & Co. LLC grew its position in Walt Disney Co (NYSE:DIS) by 1.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 450,994 shares of the entertainment giant’s stock after buying an additional 5,880 shares during the period. Walt Disney makes up about 2.0% of Bartlett & Co. LLC’s investment portfolio, making the stock its 12th largest holding. Bartlett & Co. LLC’s holdings in Walt Disney were worth $52,739,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Phocas Financial Corp. raised its holdings in shares of Walt Disney by 989,639.9% during the second quarter. Phocas Financial Corp. now owns 67,054,876 shares of the entertainment giant’s stock valued at $703,000 after purchasing an additional 67,048,101 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Walt Disney by 22.2% during the second quarter. Dimensional Fund Advisors LP now owns 6,228,738 shares of the entertainment giant’s stock valued at $652,841,000 after purchasing an additional 1,129,743 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Walt Disney by 2.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 5,966,257 shares of the entertainment giant’s stock valued at $625,324,000 after purchasing an additional 159,265 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Walt Disney by 5.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,979,316 shares of the entertainment giant’s stock valued at $521,882,000 after purchasing an additional 254,293 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of Walt Disney by 2.6% during the second quarter. Swiss National Bank now owns 4,971,428 shares of the entertainment giant’s stock valued at $521,055,000 after purchasing an additional 125,900 shares during the last quarter. 63.11% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on DIS. B. Riley reissued a “neutral” rating on shares of Walt Disney in a report on Friday, November 9th. Argus boosted their price objective on shares of Walt Disney from $129.00 to $135.00 and gave the company a “buy” rating in a report on Monday. Loop Capital boosted their price objective on shares of Walt Disney to $130.00 and gave the company a “buy” rating in a report on Friday, November 9th. ValuEngine upgraded shares of Walt Disney from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Finally, Barclays upgraded shares of Walt Disney from an “equal weight” rating to an “overweight” rating and boosted their target price for the company 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 issued a hold rating and twelve have given a buy rating to the company’s stock. The stock 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 shares were 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 Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mary Jayne Parker sold 29,192 shares of the company’s stock in a transaction that occurred on Wednesday, October 3rd. The stock was sold at an average price of $117.99, for a total transaction of $3,444,364.08. Following the completion of the transaction, the executive vice president now owns 29,199 shares of the company’s stock, valued at $3,445,190.01. The disclosure for this sale can be found here. Over the last quarter, insiders sold 78,838 shares of company stock valued at $9,391,319. Company insiders own 0.38% of the company’s stock.

Shares of NYSE DIS opened at $117.11 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.94 and a quick ratio of 0.86. The company has a market cap of $173.56 billion, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 1.74 and a beta of 1.17. Walt Disney Co has a 12-month low of $97.68 and a 12-month high of $120.20.

Walt Disney (NYSE:DIS) last announced its earnings results 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 company had revenue of $14.30 billion during the quarter, compared to analyst estimates of $13.76 billion. Walt Disney had a net margin of 21.20% and a return on equity of 21.43%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.07 earnings per share. Equities research analysts anticipate that Walt Disney Co will post 7.08 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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