Walt Disney Co (DIS) Stake Lessened by Pineno Levin & Ford Asset Management Inc.

Pineno Levin & Ford Asset Management Inc. reduced its holdings in shares of Walt Disney Co (NYSE:DIS) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,373 shares of the entertainment giant’s stock after selling 660 shares during the quarter. Walt Disney accounts for about 3.5% of Pineno Levin & Ford Asset Management Inc.’s holdings, making the stock its 4th biggest position. Pineno Levin & Ford Asset Management Inc.’s holdings in Walt Disney were worth $7,607,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DIS. Vanguard Group Inc. lifted its position in shares of Walt Disney by 0.5% during the third quarter. Vanguard Group Inc. now owns 103,729,219 shares of the entertainment giant’s stock valued at $12,130,095,000 after purchasing an additional 553,232 shares in the last quarter. Vanguard Group Inc lifted its position in shares of Walt Disney by 0.5% during the third quarter. Vanguard Group Inc now owns 103,729,219 shares of the entertainment giant’s stock valued at $12,130,095,000 after purchasing an additional 553,232 shares in the last quarter. FMR LLC lifted its position in shares of Walt Disney by 1.5% during the third quarter. FMR LLC now owns 26,397,731 shares of the entertainment giant’s stock valued at $3,086,951,000 after purchasing an additional 382,573 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Walt Disney by 2.1% during the third quarter. Clearbridge Investments LLC now owns 9,031,930 shares of the entertainment giant’s stock valued at $1,056,194,000 after purchasing an additional 189,866 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Walt Disney by 1.4% during the third quarter. Legal & General Group Plc now owns 7,001,304 shares of the entertainment giant’s stock valued at $818,701,000 after purchasing an additional 98,550 shares in the last quarter. Hedge funds and other institutional investors own 64.58% of the company’s stock.

In other news, EVP Brent Woodford sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 9th. The shares were sold at an average price of $112.75, for a total value of $225,500.00. Following the sale, the executive vice president now owns 24,513 shares of the company’s stock, valued at $2,763,840.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last three months, insiders sold 6,336 shares of company stock worth $718,477. Insiders own 0.36% of the company’s stock.

Shares of DIS stock opened at $112.51 on Tuesday. The stock has a market capitalization of $167.73 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 3.05 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 1.00. Walt Disney Co has a 52 week low of $97.68 and a 52 week high of $120.20.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.27. Walt Disney had a net margin of 18.46% and a return on equity of 20.50%. The company had revenue of $15.30 billion for the quarter, compared to analyst estimates of $15.20 billion. During the same quarter in the previous year, the firm posted $1.89 earnings per share. The company’s quarterly revenue was down .3% compared to the same quarter last year. Research analysts predict that Walt Disney Co will post 6.91 earnings per share for the current year.

DIS has been the topic of a number of recent analyst reports. BMO Capital Markets raised their price target on shares of Walt Disney from $109.00 to $114.00 and gave the company a “market perform” rating in a research report on Thursday, February 7th. Credit Suisse Group reissued a “hold” rating and set a $114.00 price target on shares of Walt Disney in a research report on Tuesday, January 22nd. Edward Jones raised shares of Walt Disney from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Wolfe Research started coverage on shares of Walt Disney in a research report on Friday, December 7th. They issued an “outperform” rating on the stock. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Walt Disney in a research report on Tuesday, February 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $124.84.

ILLEGAL ACTIVITY WARNING: This article was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://sportsperspectives.com/2019/04/02/walt-disney-co-dis-stake-lessened-by-pineno-levin-ford-asset-management-inc.html.

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 cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

Further Reading: How Short Selling Works

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

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.