Seeyond Sells 413 Shares of The Walt Disney Company (NYSE:DIS)

Seeyond decreased its position in The Walt Disney Company (NYSE:DIS) by 2.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,893 shares of the entertainment giant’s stock after selling 413 shares during the quarter. Seeyond’s holdings in The Walt Disney were worth $2,793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in DIS. BlackRock Inc. lifted its position in The Walt Disney by 2.2% in the 2nd quarter. BlackRock Inc. now owns 119,480,524 shares of the entertainment giant’s stock worth $21,001,090,000 after buying an additional 2,623,659 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in The Walt Disney by 8.6% in the 1st 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 buying an additional 1,685,039 shares during the last quarter. Liberty Wealth Management LLC lifted its position in The Walt Disney by 18,313.6% in the 2nd quarter. Liberty Wealth Management LLC now owns 1,435,344 shares of the entertainment giant’s stock worth $8,032,000 after buying an additional 1,427,549 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in The Walt Disney in the 1st quarter worth approximately $259,279,000. Finally, Mn Services Vermogensbeheer B.V. bought a new stake in The Walt Disney in the 2nd quarter worth approximately $198,012,000. Institutional investors own 64.10% of the company’s stock.

In other The Walt Disney news, EVP Brent Woodford sold 8,000 shares of the stock in a transaction dated Friday, August 13th. The stock was 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 owns 42,620 shares of the company’s stock, valued at $7,951,613.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert A. Chapek sold 10,587 shares of the 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 disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

Shares of NYSE:DIS traded up $2.39 during midday trading on Thursday, reaching $175.35. 54,290 shares of the company’s stock traded hands, compared to its average volume of 9,481,632. The company has a market cap of $318.63 billion, a price-to-earnings ratio of 283.54, a P/E/G ratio of 3.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.24. The Walt Disney Company has a one year low of $117.23 and a one year high of $203.02. The stock has a 50 day moving average of $178.12 and a 200 day moving average of $178.97.

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

A number of brokerages have commented on DIS. UBS Group lifted their price target on The Walt Disney from $215.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, August 13th. Evercore ISI reaffirmed a “buy” rating and issued a $210.00 price target on shares of The Walt Disney in a research note on Wednesday, September 22nd. Deutsche Bank Aktiengesellschaft decreased their price target 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. Zacks Investment Research cut The Walt Disney from a “buy” rating to a “hold” rating and set a $185.00 target price on the stock. in a research note on Wednesday, August 18th. Finally, Daiwa Capital Markets assumed coverage on The Walt Disney in a research note on Tuesday, September 21st. They set a “buy” rating and a $225.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat, The Walt Disney presently has a consensus rating of “Buy” and a consensus target price of $209.08.

About The Walt Disney

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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