Markel Corp boosted its stake in Walt Disney Co (NYSE:DIS) by 1.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,769,200 shares of the entertainment giant’s stock after buying an additional 26,500 shares during the quarter. Walt Disney makes up 3.4% of Markel Corp’s investment portfolio, making the stock its 6th largest holding. Markel Corp owned 0.12% of Walt Disney worth $185,430,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Carnick & Kubik Group LLC increased its position in shares of Walt Disney by 149.1% during the 2nd quarter. Carnick & Kubik Group LLC now owns 39,689 shares of the entertainment giant’s stock valued at $4,160,000 after purchasing an additional 23,755 shares during the last quarter. New Potomac Partners LLC increased its position in shares of Walt Disney by 4.9% during the 2nd quarter. New Potomac Partners LLC now owns 16,615 shares of the entertainment giant’s stock valued at $1,741,000 after purchasing an additional 780 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Walt Disney during the 2nd quarter valued at $1,314,000. Country Club Trust Company n.a. increased its position in shares of Walt Disney by 3.7% during the 2nd quarter. Country Club Trust Company n.a. now owns 66,465 shares of the entertainment giant’s stock valued at $6,966,000 after purchasing an additional 2,359 shares during the last quarter. Finally, Boston Partners bought a new position in shares of Walt Disney during the 2nd quarter worth $5,246,000. 63.04% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on DIS shares. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a research note on Monday, September 10th. Pivotal Research reiterated a “sell” rating and set a $95.00 price target on shares of Walt Disney in a research note on Sunday, September 23rd. B. Riley cut their price target on Walt Disney from $123.00 to $121.00 and set a “buy” rating for the company in a research note on Wednesday, August 8th. Bank of America set a $144.00 price target on Walt Disney and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Finally, Credit Suisse Group started coverage on Walt Disney in a research note on Tuesday, July 10th. They set a “neutral” rating and a $114.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $119.54.

NYSE DIS traded up $1.46 during trading hours on Friday, hitting $112.61. The company had a trading volume of 5,947,120 shares, compared to its average volume of 7,916,616. The company has a market cap of $173.92 billion, a P/E ratio of 19.76, a P/E/G ratio of 1.55 and a beta of 1.29. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 0.35. Walt Disney Co has a 52 week low of $96.80 and a 52 week high of $118.10.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.97 by ($0.10). The business had revenue of $15.23 billion for the quarter, compared to the consensus estimate 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 business posted $1.58 EPS. Equities research analysts anticipate that Walt Disney Co will post 6.92 EPS for the current year.

In related news, EVP Brent Woodford sold 843 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $113.56, for a total transaction of $95,731.08. Following the transaction, the executive vice president now directly owns 27,650 shares of the company’s stock, valued at approximately $3,139,934. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Robert A. Iger sold 437,679 shares of the firm’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 transaction, the chairman now directly owns 1,498,871 shares in the company, valued at $172,370,165. The disclosure for this sale can be found here. In the last quarter, insiders have sold 599,701 shares of company stock valued at $69,049,384. Corporate insiders own 0.38% of the company’s stock.

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.

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

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