Clarius Group LLC lessened its position in shares of The Walt Disney Company (NYSE:DIS – Free Report) by 5.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 10,233 shares of the entertainment giant’s stock after selling 620 shares during the period. Clarius Group LLC’s holdings in Walt Disney were worth $996,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the company. Comerica Bank grew its holdings in Walt Disney by 1.6% in the fourth quarter. Comerica Bank now owns 485,494 shares of the entertainment giant’s stock worth $43,835,000 after purchasing an additional 7,587 shares during the period. Guardian Wealth Management Inc. grew its holdings in Walt Disney by 9.3% in the fourth quarter. Guardian Wealth Management Inc. now owns 12,776 shares of the entertainment giant’s stock worth $1,154,000 after purchasing an additional 1,086 shares during the period. Gotham Asset Management LLC grew its holdings in Walt Disney by 119.4% in the fourth quarter. Gotham Asset Management LLC now owns 167,891 shares of the entertainment giant’s stock worth $15,159,000 after purchasing an additional 91,382 shares during the period. Groupama Asset Managment acquired a new stake in Walt Disney in the fourth quarter worth $49,546,000. Finally, Palogic Value Management L.P. grew its holdings in Walt Disney by 15.9% in the fourth quarter. Palogic Value Management L.P. now owns 7,630 shares of the entertainment giant’s stock worth $689,000 after purchasing an additional 1,049 shares during the period. Institutional investors own 65.71% of the company’s stock.
Insider Activity at Walt Disney
In other news, Director Calvin Mcdonald acquired 11,756 shares of Walt Disney stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $85.06 per share, with a total value of $999,965.36. Following the completion of the purchase, the director now owns 22,313 shares in the company, valued at approximately $1,897,943.78. The trade was a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on Walt Disney
Walt Disney Stock Performance
DIS stock traded up $0.81 during mid-day trading on Friday, hitting $93.80. The company had a trading volume of 579,102 shares, compared to its average volume of 11,012,943. The firm has a market cap of $170.11 billion, a PE ratio of 35.77, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.66 and a current ratio of 0.72. The Walt Disney Company has a 12 month low of $79.23 and a 12 month high of $123.74. The stock’s fifty day moving average price is $90.76 and its two-hundred day moving average price is $100.11.
Walt Disney (NYSE:DIS – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The entertainment giant reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.19. Walt Disney had a net margin of 5.30% and a return on equity of 8.64%. The company had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.08 billion. During the same quarter in the previous year, the firm posted $1.03 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, analysts forecast that The Walt Disney Company will post 4.92 earnings per share for the current fiscal year.
About Walt Disney
The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.
See Also
- Five stocks we like better than Walt Disney
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- 3 Micro-Caps Set for Major Moves: Balancing Risk and Opportunity
- Technology Stocks Explained: Here’s What to Know About Tech
- Autodesk Named a “Top Pick” by Morgan Stanley—Is It Time to Buy?
- Stock Analyst Ratings and Canadian Analyst Ratings
- 4 Quirky ETFs With Big Potential for Impressive Gains
Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Walt Disney Company (NYSE:DIS – Free Report).
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.