Blue Edge Capital LLC Buys 245 Shares of The Walt Disney Company (NYSE:DIS)

Blue Edge Capital LLC lifted its position in shares of The Walt Disney Company (NYSE:DIS) by 1.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,858 shares of the entertainment giant’s stock after purchasing an additional 245 shares during the quarter. Blue Edge Capital LLC’s holdings in The Walt Disney were worth $3,480,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Ropes Wealth Advisors LLC lifted its position in The Walt Disney by 34.9% in the 1st quarter. Ropes Wealth Advisors LLC now owns 26,824 shares of the entertainment giant’s stock valued at $4,873,000 after acquiring an additional 6,936 shares in the last quarter. MV Capital Management Inc. raised its stake in shares of The Walt Disney by 11.3% in the first quarter. MV Capital Management Inc. now owns 13,619 shares of the entertainment giant’s stock worth $2,513,000 after purchasing an additional 1,387 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of The Walt Disney by 7.6% in the first quarter. Panagora Asset Management Inc. now owns 677,173 shares of the entertainment giant’s stock valued at $124,952,000 after purchasing an additional 48,043 shares in the last quarter. Insight Wealth Strategies LLC boosted its position in shares of The Walt Disney by 44.1% during the first quarter. Insight Wealth Strategies LLC now owns 8,232 shares of the entertainment giant’s stock valued at $1,519,000 after buying an additional 2,520 shares during the last quarter. Finally, Weil Company Inc. boosted its position in shares of The Walt Disney by 0.3% during the first quarter. Weil Company Inc. now owns 29,933 shares of the entertainment giant’s stock valued at $5,523,000 after buying an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 64.04% of the company’s stock.

In other news, Director Susan E. Arnold sold 8,400 shares of The Walt Disney stock in a transaction dated Wednesday, June 2nd. The stock was sold at an average price of $177.75, for a total transaction of $1,493,100.00. Following the completion of the sale, the director now owns 41,498 shares in the company, valued at approximately $7,376,269.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Robert A. Iger sold 550,570 shares of the business’s stock in a transaction dated Tuesday, June 1st. The stock was sold at an average price of $179.21, for a total value of $98,667,649.70. Following the transaction, the chairman now directly owns 569,131 shares of the company’s stock, valued at approximately $101,993,966.51. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

DIS stock traded up $0.75 during mid-day trading on Friday, reaching $177.32. 79,932 shares of the company traded hands, compared to its average volume of 10,277,439. The company has a fifty day moving average price of $181.01. The Walt Disney Company has a 52-week low of $108.02 and a 52-week high of $203.02. The stock has a market capitalization of $322.18 billion, a P/E ratio of -70.63, a P/E/G ratio of 3.70 and a beta of 1.19. The company has a quick ratio of 1.18, a current ratio of 1.23 and a debt-to-equity ratio of 0.57.

The Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Thursday, May 13th. The entertainment giant reported $0.79 EPS for the quarter, beating the consensus estimate of $0.27 by $0.52. The Walt Disney had a negative net margin of 7.73% and a positive return on equity of 2.07%. The company had revenue of $15.61 billion during the quarter, compared to analysts’ expectations of $15.99 billion. During the same quarter in the previous year, the company earned $0.60 earnings per share. The Walt Disney’s revenue for the quarter was down 13.4% on a year-over-year basis. Analysts expect that The Walt Disney Company will post 2.28 earnings per share for the current fiscal year.

Several equities analysts have weighed in on DIS shares. Loop Capital raised their price objective on The Walt Disney from $190.00 to $230.00 in a research note on Friday, February 12th. Zacks Investment Research upgraded shares of The Walt Disney from a “sell” rating to a “hold” rating and set a $193.00 price target on the stock in a report on Monday, February 22nd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of The Walt Disney from $222.00 to $213.00 and set a “buy” rating for the company in a research note on Tuesday, May 18th. Wolfe Research restated an “outperform” rating and issued a $226.00 target price on shares of The Walt Disney in a research note on Thursday. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $202.00 price target on shares of The Walt Disney in a research report on Friday, May 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $195.48.

The 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 domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.

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

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