Northern Capital Management LLC Acquires 36,805 Shares of Walt Disney Co (DIS)

Northern Capital Management LLC lifted its holdings in shares of Walt Disney Co (NYSE:DIS) by 356.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,140 shares of the entertainment giant’s stock after buying an additional 36,805 shares during the period. Walt Disney makes up approximately 1.2% of Northern Capital Management LLC’s holdings, making the stock its 18th largest position. Northern Capital Management LLC’s holdings in Walt Disney were worth $4,941,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in DIS. HC Financial Advisors Inc. acquired a new position in Walt Disney during the fourth quarter worth $2,797,000. California State Teachers Retirement System increased its holdings in Walt Disney by 3.7% during the fourth quarter. California State Teachers Retirement System now owns 2,793,804 shares of the entertainment giant’s stock worth $300,362,000 after buying an additional 100,123 shares during the last quarter. Captrust Financial Advisors acquired a new position in Walt Disney during the fourth quarter worth $3,145,000. Teachers Advisors LLC increased its holdings in Walt Disney by 27.3% during the fourth quarter. Teachers Advisors LLC now owns 4,147,494 shares of the entertainment giant’s stock worth $445,897,000 after buying an additional 888,876 shares during the last quarter. Finally, GHP Investment Advisors Inc. increased its holdings in Walt Disney by 1.6% during the fourth quarter. GHP Investment Advisors Inc. now owns 44,609 shares of the entertainment giant’s stock worth $4,796,000 after buying an additional 685 shares during the last quarter. Institutional investors and hedge funds own 63.05% of the company’s stock.

A number of equities analysts recently weighed in on DIS shares. Zacks Investment Research downgraded shares of Walt Disney from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. B. Riley reduced their price objective on shares of Walt Disney from $123.00 to $121.00 and set a “buy” rating for the company in a research report on Wednesday, August 8th. Bank of America set a $144.00 price objective on shares of Walt Disney and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Credit Suisse Group assumed coverage on shares of Walt Disney in a research report on Tuesday, July 10th. They set a “neutral” rating and a $114.00 price objective for the company. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $140.00 price objective on shares of Walt Disney in a research report on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the stock. Walt Disney has an average rating of “Hold” and an average target price of $119.45.

In other news, EVP Brent Woodford sold 768 shares of the business’s stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $104.35, for a total value of $80,140.80. Following the completion of the sale, the executive vice president now owns 28,493 shares of the company’s stock, valued at $2,973,244.55. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Robert A. Iger sold 437,679 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $115.00, for a total transaction of $50,333,085.00. Following the completion of the sale, the chairman now directly owns 1,498,871 shares of the company’s stock, valued at approximately $172,370,165. The disclosure for this sale can be found here. In the last three months, insiders sold 710,954 shares of company stock valued at $80,620,932. 0.38% of the stock is currently owned by company insiders.

Shares of Walt Disney stock opened at $109.26 on Friday. The stock has a market capitalization of $162.79 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 1.45 and a beta of 1.31. Walt Disney Co has a 52-week low of $96.80 and a 52-week high of $117.90. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.88 and a quick ratio of 0.81.

Walt Disney (NYSE:DIS) last announced its earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.97 by ($0.10). The business had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.49 billion. Walt Disney had a net margin of 20.76% and a return on equity of 21.37%. During the same period in the previous year, the firm posted $1.58 EPS. analysts anticipate that Walt Disney Co will post 6.92 earnings per share for the current year.

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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