Jupiter Wealth Management LLC lessened its holdings in shares of Walt Disney Co (NYSE:DIS) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,051 shares of the entertainment giant’s stock after selling 102 shares during the period. Walt Disney comprises approximately 3.8% of Jupiter Wealth Management LLC’s investment portfolio, making the stock its 8th biggest position. Jupiter Wealth Management LLC’s holdings in Walt Disney were worth $7,706,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in DIS. Centerpoint Advisors LLC raised its stake in shares of Walt Disney by 276.5% during the second quarter. Centerpoint Advisors LLC now owns 192 shares of the entertainment giant’s stock valued at $27,000 after acquiring an additional 141 shares in the last quarter. Portfolio Solutions LLC bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $43,000. Bay Harbor Wealth Management LLC raised its stake in shares of Walt Disney by 94.2% during the second quarter. Bay Harbor Wealth Management LLC now owns 433 shares of the entertainment giant’s stock valued at $60,000 after acquiring an additional 210 shares in the last quarter. Riverview Trust Co bought a new stake in shares of Walt Disney during the fourth quarter valued at approximately $48,000. Finally, Next Capital Management LLC raised its stake in shares of Walt Disney by 376.3% during the second quarter. Next Capital Management LLC now owns 562 shares of the entertainment giant’s stock valued at $78,000 after acquiring an additional 444 shares in the last quarter. Institutional investors and hedge funds own 64.27% of the company’s stock.
Several analysts have recently weighed in on the stock. Morgan Stanley set a $160.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research note on Friday, August 2nd. Moffett Nathanson set a $150.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research note on Wednesday, August 7th. Rosenblatt Securities reissued a “buy” rating and issued a $175.00 price objective on shares of Walt Disney in a research note on Monday, May 6th. Credit Suisse Group reissued a “buy” rating and issued a $150.00 price objective on shares of Walt Disney in a research note on Thursday, August 8th. Finally, Zacks Investment Research raised shares of Walt Disney from a “strong sell” rating to a “hold” rating and set a $120.00 price objective for the company in a research note on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Walt Disney currently has an average rating of “Buy” and a consensus price target of $148.22.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, August 6th. The entertainment giant reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.41). The business had revenue of $20.25 billion during the quarter, compared to the consensus estimate of $21.40 billion. Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. The business’s quarterly revenue was up 32.9% on a year-over-year basis. During the same period last year, the firm earned $1.87 EPS. On average, sell-side analysts expect that Walt Disney Co will post 6 EPS for the current year.
The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, July 25th. Stockholders of record on Monday, July 8th were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, July 5th. Walt Disney’s payout ratio is presently 24.86%.
In other news, EVP Zenia B. Mucha sold 49,561 shares of the company’s stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of $140.00, for a total transaction of $6,938,540.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Brent Woodford sold 2,200 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $138.23, for a total value of $304,106.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 154,423 shares of company stock worth $21,743,165. Insiders own 0.36% 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 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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