SVA Plumb Wealth Management LLC raised its stake in shares of Walt Disney Co (NYSE:DIS) by 132.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 43,319 shares of the entertainment giant’s stock after acquiring an additional 24,698 shares during the period. SVA Plumb Wealth Management LLC’s holdings in Walt Disney were worth $5,066,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of DIS. Phocas Financial Corp. lifted its stake in Walt Disney by 989,639.9% during the 2nd quarter. Phocas Financial Corp. now owns 67,054,876 shares of the entertainment giant’s stock valued at $703,000 after acquiring an additional 67,048,101 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Walt Disney by 22.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,228,738 shares of the entertainment giant’s stock valued at $652,841,000 after purchasing an additional 1,129,743 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Walt Disney by 112.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,665,507 shares of the entertainment giant’s stock valued at $174,562,000 after purchasing an additional 880,100 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in shares of Walt Disney during the 2nd quarter valued at about $684,000. Finally, Royal London Asset Management Ltd. purchased a new stake in shares of Walt Disney during the 2nd quarter valued at about $65,954,000. Institutional investors and hedge funds own 62.99% of the company’s stock.
Several research firms have recently commented on DIS. Zacks Investment Research lowered shares of Walt Disney from a “hold” rating to a “sell” rating in a research report on Monday, December 17th. Morgan Stanley upped their price target on shares of Walt Disney from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, October 15th. ValuEngine raised shares of Walt Disney from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. B. Riley reissued a “neutral” rating on shares of Walt Disney in a report on Friday, November 9th. Finally, Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $104.00 to $130.00 in a report on Friday, October 19th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $124.84.
In related news, EVP Alan N. Braverman sold 1,153 shares of the firm’s stock in a transaction on Friday, December 28th. The stock was sold at an average price of $107.70, for a total value of $124,178.10. Following the completion of the sale, the executive vice president now directly owns 106,390 shares in the company, valued at $11,458,203. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Brent Woodford sold 2,000 shares of the firm’s stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $113.60, for a total value of $227,200.00. Following the completion of the sale, the executive vice president now owns 26,517 shares of the company’s stock, valued at $3,012,331.20. The disclosure for this sale can be found here. Insiders have sold a total of 14,648 shares of company stock valued at $1,616,684 over the last quarter. Corporate insiders own 0.36% of the company’s stock.
DIS traded up $0.56 during trading on Friday, reaching $111.51. 6,343,495 shares of the company traded hands, compared to its average volume of 7,319,098. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.00 and a quick ratio of 0.86. Walt Disney Co has a 12-month low of $97.68 and a 12-month high of $120.20. The firm has a market cap of $166.24 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 2.67 and a beta of 0.96.
Walt Disney (NYSE:DIS) last posted its earnings results on Tuesday, February 5th. The entertainment giant reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.27. The firm had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.20 billion. Walt Disney had a return on equity of 20.50% and a net margin of 18.46%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.89 EPS. On average, sell-side analysts anticipate that Walt Disney Co will post 7.07 earnings per share for the current year.
The company also recently announced a semiannual dividend, which was paid on Thursday, January 10th. Stockholders of record on Monday, December 10th were given a dividend of $0.88 per share. This is an increase from Walt Disney’s previous semiannual dividend of $0.84. This represents a dividend yield of 1.51%. The ex-dividend date was Friday, December 7th. Walt Disney’s dividend payout ratio is currently 24.86%.
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 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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