Exchange Capital Management Inc. increased its position in shares of Walt Disney Co (NYSE:DIS) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,360 shares of the entertainment giant’s stock after buying an additional 49 shares during the period. Walt Disney accounts for approximately 2.1% of Exchange Capital Management Inc.’s investment portfolio, making the stock its 13th largest position. Exchange Capital Management Inc.’s holdings in Walt Disney were worth $5,457,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in DIS. Private Asset Management Inc. boosted its position in shares of Walt Disney by 12.9% in the third quarter. Private Asset Management Inc. now owns 94,885 shares of the entertainment giant’s stock worth $8,811,000 after buying an additional 10,805 shares during the last quarter. Stillwater Investment Management LLC boosted its position in shares of Walt Disney by 0.7% in the third quarter. Stillwater Investment Management LLC now owns 21,464 shares of the entertainment giant’s stock worth $1,993,000 after buying an additional 156 shares in the last quarter. Monarch Capital Management Inc. boosted its position in shares of Walt Disney by 1.7% in the third quarter. Monarch Capital Management Inc. now owns 11,862 shares of the entertainment giant’s stock worth $1,102,000 after buying an additional 200 shares in the last quarter. Liberty Capital Management Inc. boosted its position in shares of Walt Disney by 8.2% in the third quarter. Liberty Capital Management Inc. now owns 27,477 shares of the entertainment giant’s stock worth $2,544,000 after buying an additional 2,085 shares in the last quarter. Finally, Independence Advisors LLC purchased a new position in shares of Walt Disney during the third quarter worth $382,000. 58.65% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Walt Disney Co (NYSE:DIS) traded down 0.30% on Friday, hitting $114.44. 6,654,516 shares of the company traded hands. The firm’s 50 day moving average price is $112.51 and its 200-day moving average price is $104.81. The stock has a market capitalization of $180.96 billion, a price-to-earnings ratio of 20.66 and a beta of 1.25. Walt Disney Co has a 1-year low of $90.32 and a 1-year high of $115.12.
COPYRIGHT VIOLATION NOTICE: This report was published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://transcriptdaily.com/2017/04/22/walt-disney-co-dis-position-raised-by-exchange-capital-management-inc.html.
Several brokerages have issued reports on DIS. Royal Bank of Canada upgraded shares of Walt Disney from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $101.00 to $130.00 in a research note on Thursday, January 5th. Jefferies Group LLC lifted their price target on shares of Walt Disney from $100.00 to $110.00 and gave the company a “hold” rating in a research note on Monday, March 27th. Instinet restated a “buy” rating and set a $120.00 price objective on shares of Walt Disney in a research note on Wednesday, March 8th. Goldman Sachs Group Inc upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $109.00 to $134.00 in a research note on Tuesday, February 7th. Finally, Evercore ISI upgraded shares of Walt Disney from a “buy” rating to a “top pick” rating and boosted their price objective for the stock from $103.00 to $120.00 in a research note on Tuesday, January 3rd. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $116.57.
In other news, EVP Brent Woodford sold 2,000 shares of the firm’s stock in a transaction on Monday, January 30th. The stock was sold at an average price of $110.50, for a total transaction of $221,000.00. Following the transaction, the executive vice president now owns 27,745 shares in the company, valued at $3,065,822.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 13.00% of the company’s stock.
Walt Disney Company Profile
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
