Walt Disney Co (DIS) Shares Sold by Associated Banc Corp

Associated Banc Corp lowered its position in Walt Disney Co (NYSE:DIS) by 0.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 143,450 shares of the entertainment giant’s stock after selling 620 shares during the period. Associated Banc Corp’s holdings in Walt Disney were worth $15,035,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in DIS. Schwab Charles Investment Management Inc. raised its stake in shares of Walt Disney by 4.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 5,806,992 shares of the entertainment giant’s stock worth $583,255,000 after purchasing an additional 235,031 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Walt Disney by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 5,098,995 shares of the entertainment giant’s stock worth $512,143,000 after purchasing an additional 57,262 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Walt Disney by 5.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,979,316 shares of the entertainment giant’s stock worth $521,882,000 after purchasing an additional 254,293 shares during the last quarter. Lindsell Train Ltd raised its stake in shares of Walt Disney by 8.4% in the second quarter. Lindsell Train Ltd now owns 4,063,629 shares of the entertainment giant’s stock worth $425,909,000 after purchasing an additional 315,050 shares during the last quarter. Finally, Ruffer LLP raised its stake in shares of Walt Disney by 39.1% in the second quarter. Ruffer LLP now owns 3,977,520 shares of the entertainment giant’s stock worth $417,261,000 after purchasing an additional 1,117,959 shares during the last quarter. Institutional investors and hedge funds own 63.00% of the company’s stock.

Shares of DIS opened at $116.04 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.88 and a quick ratio of 0.81. The company has a market cap of $169.00 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31. Walt Disney Co has a 12 month low of $96.80 and a 12 month high of $117.90.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 EPS for the quarter, missing the Zacks’ consensus estimate of $1.97 by ($0.10). The business had revenue of $15.23 billion for the quarter, compared to analysts’ expectations 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 business posted $1.58 earnings per share. equities research analysts predict that Walt Disney Co will post 6.92 EPS for the current year.

Several analysts have recently commented on DIS shares. Bank of America started coverage on Walt Disney in a research note on Friday, July 20th. They issued a “buy” rating and a $144.00 price objective for the company. Royal Bank of Canada reissued a “buy” rating and issued a $140.00 price objective on shares of Walt Disney in a research note on Wednesday, August 8th. B. Riley lowered their price objective on Walt Disney from $123.00 to $121.00 and set a “buy” rating for the company in a research note on Wednesday, August 8th. Zacks Investment Research raised Walt Disney from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research note on Monday, June 18th. Finally, ValuEngine raised Walt Disney from a “sell” rating to a “hold” rating in a research note on Friday, June 15th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. Walt Disney presently has a consensus rating of “Buy” and a consensus target price of $119.54.

In related news, EVP Alan N. Braverman sold 140,638 shares of the stock in a transaction that occurred on Wednesday, July 11th. The stock was sold at an average price of $107.00, for a total transaction of $15,048,266.00. Following the completion of the sale, the executive vice president now directly owns 160,316 shares of the company’s stock, valued at $17,153,812. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 952 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $111.87, for a total value of $106,500.24. Following the sale, the executive vice president now directly owns 26,698 shares of the company’s stock, valued at $2,986,705.26. The disclosure for this sale can be found here. Insiders have sold 710,954 shares of company stock valued at $80,620,932 over the last ninety days. 0.38% of the stock is currently owned by company insiders.

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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