Sterneck Capital Management LLC lowered its holdings in The Walt Disney Company (NYSE:DIS) by 11.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,267 shares of the entertainment giant’s stock after selling 1,089 shares during the quarter. The Walt Disney accounts for about 0.9% of Sterneck Capital Management LLC’s investment portfolio, making the stock its 28th biggest position. Sterneck Capital Management LLC’s holdings in The Walt Disney were worth $1,026,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Demars Financial Group LLC bought a new stake in The Walt Disney in the second quarter valued at about $38,000. Selective Wealth Management Inc. increased its stake in The Walt Disney by 50.6% in the second quarter. Selective Wealth Management Inc. now owns 372 shares of the entertainment giant’s stock valued at $42,000 after acquiring an additional 125 shares during the period. Hanseatic Management Services Inc. increased its stake in The Walt Disney by 29.6% in the second quarter. Hanseatic Management Services Inc. now owns 442 shares of the entertainment giant’s stock valued at $49,000 after acquiring an additional 101 shares during the period. Estate Counselors LLC bought a new stake in The Walt Disney during the second quarter worth about $52,000. Finally, Equitec Proprietary Markets LLC bought a new stake in The Walt Disney during the third quarter worth about $62,000. 62.72% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have weighed in on DIS. Wells Fargo & Company upped their price objective on shares of The Walt Disney from $120.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Friday, August 14th. Deutsche Bank Aktiengesellschaft raised shares of The Walt Disney from a “hold” rating to a “buy” rating and upped their price objective for the stock from $128.00 to $163.00 in a research note on Tuesday, September 8th. Morgan Stanley upped their price objective on shares of The Walt Disney from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. Rosenblatt Securities upped their price objective on shares of The Walt Disney from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Imperial Capital reaffirmed a “sell” rating and set a $105.00 price objective on shares of The Walt Disney in a research note on Monday, June 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $134.70.

DIS stock opened at $126.81 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. The Walt Disney Company has a 12 month low of $79.07 and a 12 month high of $153.41. The firm has a market cap of $229.15 billion, a P/E ratio of -204.53, a P/E/G ratio of 6.23 and a beta of 1.09. The company’s 50-day moving average price is $128.38 and its two-hundred day moving average price is $117.94.

The Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, August 4th. The entertainment giant reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.64) by $0.72. The Walt Disney had a negative net margin of 1.58% and a positive return on equity of 6.58%. The firm had revenue of $11.80 billion for the quarter, compared to analyst estimates of $12.48 billion. During the same period last year, the firm earned $1.35 EPS. The business’s quarterly revenue was down 41.7% compared to the same quarter last year. Equities analysts predict that The Walt Disney Company will post 1.59 EPS for the current year.

In related news, EVP Brent Woodford sold 2,000 shares of The Walt Disney stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $130.95, for a total transaction of $261,900.00. Following the sale, the executive vice president now directly owns 36,620 shares of the company’s stock, valued at approximately $4,795,389. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.31% of the company’s stock.

The Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight owned domestic television stations.

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

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