Walt Disney Co (NYSE:DIS) Stake Decreased by Stack Financial Management Inc

Stack Financial Management Inc lowered its stake in shares of Walt Disney Co (NYSE:DIS) by 3.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 227,635 shares of the entertainment giant’s stock after selling 7,005 shares during the period. Walt Disney accounts for 3.6% of Stack Financial Management Inc’s portfolio, making the stock its 10th largest position. Stack Financial Management Inc’s holdings in Walt Disney were worth $31,787,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DIS. Koshinski Asset Management Inc. grew its holdings in Walt Disney by 6.4% in the 2nd quarter. Koshinski Asset Management Inc. now owns 11,115 shares of the entertainment giant’s stock worth $1,552,000 after acquiring an additional 667 shares during the last quarter. WealthPLAN Partners LLC grew its holdings in Walt Disney by 21.6% in the 1st quarter. WealthPLAN Partners LLC now owns 7,040 shares of the entertainment giant’s stock worth $948,000 after acquiring an additional 1,250 shares during the last quarter. Townsquare Capital LLC bought a new stake in Walt Disney in the 4th quarter worth $2,499,000. Montecito Bank & Trust grew its holdings in Walt Disney by 25.9% in the 4th quarter. Montecito Bank & Trust now owns 16,415 shares of the entertainment giant’s stock worth $1,800,000 after acquiring an additional 3,372 shares during the last quarter. Finally, FMR LLC grew its holdings in Walt Disney by 37.2% in the 1st quarter. FMR LLC now owns 33,901,641 shares of the entertainment giant’s stock worth $3,764,098,000 after acquiring an additional 9,190,235 shares during the last quarter. Hedge funds and other institutional investors own 64.50% of the company’s stock.

Shares of Walt Disney stock opened at $133.41 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.67 and a current ratio of 0.70. The stock has a market capitalization of $246.81 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 4.39 and a beta of 0.96. Walt Disney Co has a 52-week low of $100.35 and a 52-week high of $147.15. The company has a 50-day simple moving average of $141.26 and a two-hundred day simple moving average of $128.68.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.41). The firm had revenue of $20.25 billion during the quarter, compared to analysts’ expectations of $21.40 billion. Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. The firm’s quarterly revenue was up 32.9% on a year-over-year basis. During the same period last year, the firm posted $1.87 earnings per share. As a group, equities research analysts forecast that Walt Disney Co will post 6.1 EPS for the current fiscal year.

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, July 25th. Shareholders of record on Monday, July 8th were issued a $0.88 dividend. The ex-dividend date of this dividend was Friday, July 5th. Walt Disney’s dividend payout ratio (DPR) is presently 24.86%.

A number of equities research analysts have issued reports on DIS shares. Bank of America set a $168.00 price target on shares of Walt Disney and gave the stock a “buy” rating in a report on Monday, June 24th. Credit Suisse Group reissued a “buy” rating and issued a $150.00 price target on shares of Walt Disney in a report on Thursday, August 8th. Barclays raised their price target on shares of Walt Disney from $130.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Citigroup reissued a “buy” rating and issued a $160.00 price target (up previously from $132.00) on shares of Walt Disney in a report on Thursday, June 6th. Finally, Moffett Nathanson set a $150.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $148.61.

In other Walt Disney news, EVP Zenia B. Mucha sold 49,561 shares of Walt Disney stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of $140.00, for a total value of $6,938,540.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brent Woodford sold 2,200 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $138.23, for a total transaction of $304,106.00. The disclosure for this sale can be found here. Insiders sold 154,423 shares of company stock valued at $21,743,165 over the last ninety days. Corporate insiders own 0.36% of the company’s stock.

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 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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