Certified Advisory Corp Increases Stake in Walt Disney Co (DIS)

Certified Advisory Corp grew its stake in shares of Walt Disney Co (NYSE:DIS) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,741 shares of the entertainment giant’s stock after purchasing an additional 127 shares during the period. Certified Advisory Corp’s holdings in Walt Disney were worth $633,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in DIS. Hartford Financial Management Inc. increased its position in shares of Walt Disney by 3.2% during the fourth quarter. Hartford Financial Management Inc. now owns 33,595 shares of the entertainment giant’s stock worth $3,684,000 after acquiring an additional 1,026 shares in the last quarter. Hamilton Point Investment Advisors LLC bought a new stake in shares of Walt Disney during the fourth quarter worth about $203,000. Roman Butler Fullerton & Co. bought a new stake in shares of Walt Disney during the fourth quarter worth about $1,958,000. Schmidt P J Investment Management Inc. increased its position in shares of Walt Disney by 0.7% during the fourth quarter. Schmidt P J Investment Management Inc. now owns 40,894 shares of the entertainment giant’s stock worth $4,484,000 after acquiring an additional 290 shares in the last quarter. Finally, Alps Advisors Inc. bought a new stake in shares of Walt Disney during the fourth quarter worth about $322,000. Hedge funds and other institutional investors own 64.63% of the company’s stock.

In other news, EVP Brent Woodford sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $114.35, for a total transaction of $228,700.00. Following the completion of the transaction, the executive vice president now directly owns 26,517 shares of the company’s stock, valued at approximately $3,032,218.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Zenia B. Mucha sold 33,000 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $128.88, for a total transaction of $4,253,040.00. The disclosure for this sale can be found here. Insiders have sold a total of 37,000 shares of company stock valued at $4,708,940 over the last three months. Insiders own 0.36% of the company’s stock.

Several equities research analysts have recently commented on the stock. Citigroup boosted their target price on shares of Walt Disney from $126.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. BMO Capital Markets raised shares of Walt Disney from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $114.00 to $140.00 in a research report on Wednesday, April 10th. BTIG Research raised shares of Walt Disney from a “sell” rating to a “neutral” rating in a research report on Monday. Rosenblatt Securities started coverage on shares of Walt Disney in a research report on Tuesday, April 2nd. They issued a “buy” rating and a $150.00 price objective for the company. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $114.00 price objective on shares of Walt Disney in a research report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $130.20.

Walt Disney stock opened at $129.90 on Wednesday. Walt Disney Co has a twelve month low of $97.68 and a twelve month high of $132.70. The company has a market cap of $193.89 billion, a PE ratio of 18.35, a P/E/G ratio of 3.59 and a beta of 0.91. The company has a quick ratio of 0.92, a current ratio of 1.00 and a debt-to-equity ratio of 0.32.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.27. Walt Disney had a net margin of 18.46% and a return on equity of 20.50%. The firm had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.20 billion. During the same period in the prior year, the firm earned $1.89 EPS. The company’s revenue was down .3% compared to the same quarter last year. On average, equities analysts expect that Walt Disney Co will post 6.88 EPS for the current fiscal year.

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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 businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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

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