Torch Wealth Management LLC cut its holdings in shares of Walt Disney Co (NYSE:DIS) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,778 shares of the entertainment giant’s stock after selling 165 shares during the period. Walt Disney comprises about 2.5% of Torch Wealth Management LLC’s portfolio, making the stock its 6th biggest position. Torch Wealth Management LLC’s holdings in Walt Disney were worth $4,158,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Koshinski Asset Management Inc. increased its stake in shares of Walt Disney by 6.4% during the second quarter. Koshinski Asset Management Inc. now owns 11,115 shares of the entertainment giant’s stock worth $1,552,000 after buying an additional 667 shares during the period. WealthPLAN Partners LLC increased its stake in shares of Walt Disney by 21.6% during the first quarter. WealthPLAN Partners LLC now owns 7,040 shares of the entertainment giant’s stock worth $948,000 after buying an additional 1,250 shares during the period. Halbert Hargrove Russell LLC purchased a new stake in shares of Walt Disney during the second quarter worth approximately $599,000. Townsquare Capital LLC purchased a new stake in shares of Walt Disney during the fourth quarter worth approximately $2,499,000. Finally, BP PLC increased its stake in shares of Walt Disney by 2.0% during the second quarter. BP PLC now owns 257,100 shares of the entertainment giant’s stock worth $35,909,000 after buying an additional 4,961 shares during the period. Institutional investors own 64.27% of the company’s stock.
A number of analysts recently weighed in on DIS shares. Bank of America set a $168.00 target price on shares of Walt Disney and gave the stock a “buy” rating in a research note on Monday, June 24th. BMO Capital Markets increased their price target on shares of Walt Disney from $140.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. UBS Group increased their price target on shares of Walt Disney from $128.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Needham & Company LLC reiterated a “hold” rating on shares of Walt Disney in a research note on Wednesday, August 7th. Finally, Guggenheim reiterated a “buy” rating and issued a $157.00 price target on shares of Walt Disney in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $148.22.
Walt Disney stock traded down $0.38 during mid-day trading on Wednesday, hitting $134.75. The company had a trading volume of 139,525 shares, compared to its average volume of 10,164,042. The stock has a market cap of $243.55 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 4.40 and a beta of 0.96. Walt Disney Co has a 1 year low of $100.35 and a 1 year high of $147.15. The business has a fifty day moving average of $140.82 and a 200 day moving average of $128.94. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 0.38.
Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.41). The firm had revenue of $20.25 billion during the quarter, compared to analyst estimates of $21.40 billion. Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. Walt Disney’s revenue was up 32.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.87 earnings per share. Equities analysts anticipate that Walt Disney Co will post 6.02 earnings per share for the current year.
The company also recently disclosed 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 currently 24.86%.
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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