Inverness Counsel LLC NY Boosts Stake in The Walt Disney Company (NYSE:DIS)

Inverness Counsel LLC NY boosted its position in The Walt Disney Company (NYSE:DIS) by 32.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 277,877 shares of the entertainment giant’s stock after purchasing an additional 67,651 shares during the period. The Walt Disney makes up approximately 1.8% of Inverness Counsel LLC NY’s investment portfolio, making the stock its 20th biggest holding. Inverness Counsel LLC NY’s holdings in The Walt Disney were worth $48,842,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in The Walt Disney by 3.1% during the 1st quarter. Geode Capital Management LLC now owns 27,115,787 shares of the entertainment giant’s stock valued at $4,988,460,000 after acquiring an additional 823,137 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of The Walt Disney by 8.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 21,179,052 shares of the entertainment giant’s stock worth $3,907,959,000 after purchasing an additional 1,685,039 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of The Walt Disney by 3.7% during the second quarter. Fisher Asset Management LLC now owns 10,725,272 shares of the entertainment giant’s stock valued at $1,885,181,000 after purchasing an additional 381,103 shares during the period. UBS Asset Management Americas Inc. grew its holdings in shares of The Walt Disney by 3.5% in the first quarter. UBS Asset Management Americas Inc. now owns 9,613,857 shares of the entertainment giant’s stock worth $1,773,949,000 after purchasing an additional 323,467 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in The Walt Disney by 0.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,817,046 shares of the entertainment giant’s stock worth $1,374,002,000 after buying an additional 61,213 shares during the period. Institutional investors and hedge funds own 64.10% of the company’s stock.

In related news, CEO Robert A. Chapek sold 10,587 shares of the firm’s stock in a transaction dated Tuesday, August 31st. The shares were sold at an average price of $182.00, for a total value of $1,926,834.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Brent Woodford sold 8,000 shares of the stock in a transaction that occurred on Friday, August 13th. The shares were sold at an average price of $186.57, for a total value of $1,492,560.00. Following the transaction, the executive vice president now directly owns 42,620 shares of the company’s stock, valued at approximately $7,951,613.40. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.

DIS stock traded up $0.21 during midday trading on Wednesday, hitting $182.61. 168,441 shares of the stock traded hands, compared to its average volume of 9,566,108. The Walt Disney Company has a 1-year low of $117.23 and a 1-year high of $203.02. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.24 and a quick ratio of 1.19. The stock’s fifty day simple moving average is $178.78 and its 200-day simple moving average is $181.34. The firm has a market cap of $331.83 billion, a P/E ratio of 299.02, a PEG ratio of 3.50 and a beta of 1.19.

The Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, August 12th. The entertainment giant reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.23. The business had revenue of $17.02 billion for the quarter, compared to analyst estimates of $16.82 billion. The Walt Disney had a net margin of 1.77% and a return on equity of 3.78%. During the same period in the prior year, the company posted $0.08 EPS. On average, research analysts predict that The Walt Disney Company will post 2.45 earnings per share for the current year.

A number of brokerages have commented on DIS. UBS Group upped their target price on shares of The Walt Disney from $215.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, August 13th. Deutsche Bank Aktiengesellschaft dropped their price objective on The Walt Disney from $213.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, August 27th. Wolfe Research reaffirmed an “outperform” rating and set a $226.00 target price on shares of The Walt Disney in a research report on Thursday, June 10th. The Goldman Sachs Group lifted their price objective on The Walt Disney from $215.00 to $218.00 and gave the company a “buy” rating in a report on Friday, August 13th. Finally, BMO Capital Markets boosted their price target on shares of The Walt Disney from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Friday, August 13th. Four equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, The Walt Disney has a consensus rating of “Buy” and an average target price of $208.56.

The Walt Disney Profile

The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Media Networks, Parks, Experiences and Products, Studio Entertainment and Direct-to-Consumer and International (DTCI). The Media Networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, radio networks and stations.

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

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