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Glenmede Trust Co. NA reduced its holdings in The Walt Disney Company (NYSE:DISGet Rating) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 411,194 shares of the entertainment giant’s stock after selling 16,711 shares during the quarter. Glenmede Trust Co. NA’s holdings in Walt Disney were worth $38,787,000 as of its most recent filing with the SEC.

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Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Markel Corp raised its holdings in Walt Disney by 2.3% in the 1st quarter. Markel Corp now owns 1,922,665 shares of the entertainment giant’s stock valued at $263,713,000 after acquiring an additional 42,500 shares in the last quarter. Fairfield Bush & CO. raised its holdings in Walt Disney by 3.4% in the 1st quarter. Fairfield Bush & CO. now owns 9,624 shares of the entertainment giant’s stock valued at $1,320,000 after acquiring an additional 320 shares in the last quarter. United Bank raised its holdings in Walt Disney by 8.7% in the 1st quarter. United Bank now owns 9,949 shares of the entertainment giant’s stock valued at $1,365,000 after acquiring an additional 794 shares in the last quarter. AMI Investment Management Inc. grew its stake in shares of Walt Disney by 4.6% in the 1st quarter. AMI Investment Management Inc. now owns 24,918 shares of the entertainment giant’s stock valued at $3,418,000 after purchasing an additional 1,094 shares during the period. Finally, Mackenzie Financial Corp grew its stake in shares of Walt Disney by 0.6% in the 1st quarter. Mackenzie Financial Corp now owns 828,308 shares of the entertainment giant’s stock valued at $113,611,000 after purchasing an additional 4,722 shares during the period. 62.22% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DIS shares. Rosenblatt Securities lowered their price objective on Walt Disney from $134.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, November 9th. Huber Research started coverage on Walt Disney in a research note on Tuesday, January 17th. They issued an “overweight” rating on the stock. Macquarie lowered their price objective on Walt Disney from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 4th. The Goldman Sachs Group decreased their price objective on Walt Disney from $137.00 to $118.00 and set a “buy” rating on the stock in a research report on Wednesday, November 9th. Finally, Wells Fargo & Company decreased their price objective on Walt Disney from $145.00 to $125.00 in a research report on Wednesday, November 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.74.

Walt Disney Stock Performance

Walt Disney stock traded up $0.44 during midday trading on Tuesday, reaching $106.13. 4,195,392 shares of the company’s stock were exchanged, compared to its average volume of 11,882,886. The Walt Disney Company has a 52 week low of $84.07 and a 52 week high of $157.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.94 and a current ratio of 1.00. The firm has a market cap of $193.54 billion, a price-to-earnings ratio of 61.45, a P/E/G ratio of 2.16 and a beta of 1.22. The stock’s 50-day simple moving average is $93.86 and its 200 day simple moving average is $100.93.

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Walt Disney (NYSE:DISGet Rating) last posted its quarterly earnings results on Tuesday, November 8th. The entertainment giant reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.20). Walt Disney had a return on equity of 6.96% and a net margin of 3.80%. The business had revenue of $20.15 billion for the quarter, compared to the consensus estimate of $21.10 billion. On average, analysts expect that The Walt Disney Company will post 3.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Brent Woodford sold 18,110 shares of Walt Disney stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of $98.46, for a total value of $1,783,110.60. Following the completion of the sale, the executive vice president now directly owns 33,186 shares in the company, valued at $3,267,493.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Walt Disney news, EVP Brent Woodford sold 18,110 shares of the business’s stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of $98.46, for a total transaction of $1,783,110.60. Following the completion of the transaction, the executive vice president now directly owns 33,186 shares in the company, valued at $3,267,493.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Christine M. Mccarthy sold 42,533 shares of the business’s stock in a transaction on Thursday, January 12th. The stock was sold at an average price of $98.46, for a total transaction of $4,187,799.18. Following the sale, the chief financial officer now directly owns 181,830 shares in the company, valued at approximately $17,902,981.80. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

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About Walt Disney

(Get Rating)

The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.

Further Reading

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:DISGet Rating).

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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