Pflug Koory LLC decreased its holdings in Walt Disney Co (NYSE:DIS) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,284 shares of the entertainment giant’s stock after selling 115 shares during the period. Pflug Koory LLC’s holdings in Walt Disney were worth $598,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also bought and sold shares of DIS. Centerpoint Advisors LLC lifted its position in Walt Disney by 276.5% in 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 during the last quarter. Portfolio Solutions LLC purchased a new stake in Walt Disney in the fourth quarter valued at $43,000. Riverview Trust Co purchased a new stake in Walt Disney in the fourth quarter valued at $48,000. Bay Harbor Wealth Management LLC lifted its position in Walt Disney by 94.2% in 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 during the last quarter. Finally, Thor Advisors LLC purchased a new stake in Walt Disney in the first quarter valued at $69,000. Institutional investors and hedge funds own 64.27% of the company’s stock.
In other news, EVP Brent Woodford sold 2,200 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $138.23, for a total value of $304,106.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alan N. Braverman sold 94,462 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $141.18, for a total transaction of $13,336,145.16. 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 (NYSE:DIS) last announced its earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.41). Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. The business had revenue of $20.25 billion during the quarter, compared to analysts’ expectations of $21.40 billion. During the same period in the previous year, the company posted $1.87 earnings per share. Walt Disney’s quarterly revenue was up 32.9% on a year-over-year basis. Equities analysts forecast that Walt Disney Co will post 6.02 earnings per share for the current fiscal year.
The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, July 25th. Stockholders 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 payout ratio is 24.86%.
A number of brokerages recently weighed in on DIS. BMO Capital Markets boosted their price target on shares of Walt Disney from $140.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. Rosenblatt Securities reissued a “buy” rating and issued a $175.00 price target on shares of Walt Disney in a research report on Monday, May 6th. Bank of America set a $168.00 price target on shares of Walt Disney and gave the company a “buy” rating in a research report on Monday, June 24th. UBS Group boosted their price target on shares of Walt Disney from $128.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, Guggenheim reissued a “buy” rating and issued a $157.00 price target on shares of Walt Disney in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $148.22.
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.
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