Amalgamated Bank Has $25.16 Million Position in Walt Disney Co (DIS)

Share on StockTwits

Amalgamated Bank lessened its holdings in Walt Disney Co (NYSE:DIS) by 2.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 215,137 shares of the entertainment giant’s stock after selling 6,338 shares during the quarter. Walt Disney makes up 0.6% of Amalgamated Bank’s holdings, making the stock its 26th largest holding. Amalgamated Bank’s holdings in Walt Disney were worth $25,158,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smith Asset Management Group LP grew its stake in Walt Disney by 2.4% during the second quarter. Smith Asset Management Group LP now owns 89,430 shares of the entertainment giant’s stock worth $9,373,000 after buying an additional 2,110 shares during the last quarter. Van Hulzen Asset Management LLC grew its stake in Walt Disney by 1,155.8% during the second quarter. Van Hulzen Asset Management LLC now owns 80,460 shares of the entertainment giant’s stock worth $8,433,000 after buying an additional 74,053 shares during the last quarter. United Asset Strategies Inc. grew its stake in Walt Disney by 4.4% during the second quarter. United Asset Strategies Inc. now owns 62,241 shares of the entertainment giant’s stock worth $6,523,000 after buying an additional 2,615 shares during the last quarter. Roffman Miller Associates Inc. PA grew its stake in shares of Walt Disney by 2.0% during the second quarter. Roffman Miller Associates Inc. PA now owns 206,144 shares of the entertainment giant’s stock valued at $21,606,000 after purchasing an additional 4,108 shares during the last quarter. Finally, Greenwood Capital Associates LLC grew its stake in shares of Walt Disney by 4.4% during the second quarter. Greenwood Capital Associates LLC now owns 81,723 shares of the entertainment giant’s stock valued at $8,565,000 after purchasing an additional 3,430 shares during the last quarter. 66.58% of the stock is currently owned by institutional investors and hedge funds.

NYSE DIS traded up $1.93 during trading hours on Friday, hitting $112.59. The company’s stock had a trading volume of 8,195,312 shares, compared to its average volume of 7,842,625. Walt Disney Co has a twelve month low of $97.68 and a twelve month high of $120.20. The firm has a market capitalization of $167.85 billion, a P/E ratio of 15.90, a P/E/G ratio of 2.64 and a beta of 0.96. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.00 and a quick ratio of 0.92.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $15.30 billion for the quarter, compared to analyst estimates of $15.20 billion. During the same period in the prior year, the business posted $1.89 earnings per share. Walt Disney’s revenue was down .3% compared to the same quarter last year. Sell-side analysts expect that Walt Disney Co will post 7.09 EPS for the current fiscal year.

Several research firms have recently commented on DIS. Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research note on Thursday, January 17th. Tigress Financial reissued a “buy” rating on shares of Walt Disney in a research note on Tuesday. ValuEngine raised shares of Walt Disney from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. BMO Capital Markets increased their price target on shares of Walt Disney from $109.00 to $114.00 and gave the company a “market perform” rating in a research note on Thursday, February 7th. Finally, B. Riley reissued a “neutral” rating on shares of Walt Disney in a research note on Friday, November 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. Walt Disney currently has an average rating of “Buy” and a consensus target price of $124.84.

In related news, EVP Brent Woodford sold 723 shares of the stock in a transaction that occurred on Wednesday, December 19th. The shares were sold at an average price of $110.10, for a total value of $79,602.30. Following the transaction, the executive vice president now directly owns 23,034 shares in the company, valued at $2,536,043.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Alan N. Braverman sold 1,153 shares of the stock in a transaction that occurred on Friday, December 28th. The shares were sold at an average price of $107.70, for a total transaction of $124,178.10. Following the completion of the transaction, the executive vice president now owns 106,390 shares in the company, valued at $11,458,203. The disclosure for this sale can be found here. Insiders sold 14,648 shares of company stock worth $1,616,684 over the last 90 days. 0.36% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY WARNING: “Amalgamated Bank Has $25.16 Million Position in Walt Disney Co (DIS)” was posted by Highlight Press and is the sole property of of Highlight Press. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://highlightpress.com/2019/02/16/amalgamated-bank-decreases-holdings-in-walt-disney-co-dis.html.

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.

Recommended Story: Candlestick

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.