Captrust Financial Advisors Increases Stake in Walt Disney Co (DIS)

Captrust Financial Advisors grew its stake in shares of Walt Disney Co (NYSE:DIS) by 62.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 39,488 shares of the entertainment giant’s stock after buying an additional 15,248 shares during the quarter. Captrust Financial Advisors’ holdings in Walt Disney were worth $4,139,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DIS. Unio Capital LLC lifted its holdings in shares of Walt Disney by 16.0% during the 2nd quarter. Unio Capital LLC now owns 45,085 shares of the entertainment giant’s stock valued at $4,726,000 after acquiring an additional 6,216 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in shares of Walt Disney during the 2nd quarter valued at $2,552,000. Commonwealth Bank of Australia lifted its holdings in shares of Walt Disney by 20.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 183,551 shares of the entertainment giant’s stock valued at $19,231,000 after acquiring an additional 31,699 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Walt Disney by 160.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 214,325 shares of the entertainment giant’s stock valued at $22,464,000 after acquiring an additional 132,077 shares in the last quarter. Finally, Avestar Capital LLC lifted its holdings in shares of Walt Disney by 48.8% during the 2nd quarter. Avestar Capital LLC now owns 2,091 shares of the entertainment giant’s stock valued at $197,000 after acquiring an additional 686 shares in the last quarter. 63.04% of the stock is owned by institutional investors.

Shares of Walt Disney stock opened at $117.13 on Thursday. The stock has a market capitalization of $173.92 billion, a PE ratio of 20.55, a P/E/G ratio of 1.55 and a beta of 1.29. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.35. Walt Disney Co has a 1 year low of $96.89 and a 1 year high of $118.10.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.10). The company had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.49 billion. Walt Disney had a net margin of 20.76% and a return on equity of 21.37%. During the same quarter last year, the company posted $1.58 EPS. Sell-side analysts forecast that Walt Disney Co will post 6.92 earnings per share for the current year.

In other news, Chairman Robert A. Iger sold 437,679 shares of the company’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $115.00, for a total value of $50,333,085.00. Following the sale, the chairman now owns 1,498,871 shares in the company, valued at approximately $172,370,165. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Brent Woodford sold 843 shares of the business’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $113.56, for a total transaction of $95,731.08. Following the sale, the executive vice president now directly owns 27,650 shares of the company’s stock, valued at approximately $3,139,934. The disclosure for this sale can be found here. In the last 90 days, insiders sold 599,701 shares of company stock worth $69,049,384. Company insiders own 0.38% of the company’s stock.

A number of equities analysts have commented on DIS shares. Imperial Capital started coverage on shares of Walt Disney in a report on Thursday, June 28th. They issued an “in-line” rating and a $108.00 price objective on the stock. Credit Suisse Group started coverage on shares of Walt Disney in a report on Tuesday, July 10th. They issued a “neutral” rating and a $114.00 price objective on the stock. Zacks Investment Research lowered shares of Walt Disney from a “buy” rating to a “hold” rating in a report on Saturday, July 14th. Bank of America started coverage on shares of Walt Disney in a report on Friday, July 20th. They issued a “buy” rating and a $144.00 price objective on the stock. Finally, B. Riley cut their price objective on shares of Walt Disney from $123.00 to $121.00 and set a “buy” rating on the stock in a report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. Walt Disney presently has an average rating of “Buy” and a consensus target price of $119.77.

Walt Disney Profile

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.

Featured Story: What is dollar cost averaging (DCA)?

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).

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.

Leave a Reply