Providence Wealth Advisors LLC grew its holdings in shares of Walt Disney Co (NYSE:DIS) by 1.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,335 shares of the entertainment giant’s stock after buying an additional 130 shares during the quarter. Providence Wealth Advisors LLC’s holdings in Walt Disney were worth $1,038,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in Walt Disney by 6.5% in the fourth quarter. BlackRock Inc. now owns 92,790,946 shares of the entertainment giant’s stock worth $10,174,527,000 after purchasing an additional 5,639,712 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Walt Disney by 14,778.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 53,195,820 shares of the entertainment giant’s stock worth $485,000 after purchasing an additional 52,838,274 shares in the last quarter. FMR LLC grew its stake in Walt Disney by 37.2% in the first quarter. FMR LLC now owns 33,901,641 shares of the entertainment giant’s stock worth $3,764,098,000 after purchasing an additional 9,190,235 shares in the last quarter. Northern Trust Corp grew its stake in Walt Disney by 4.5% in the fourth quarter. Northern Trust Corp now owns 21,001,994 shares of the entertainment giant’s stock worth $2,302,868,000 after purchasing an additional 896,051 shares in the last quarter. Finally, Clearbridge Investments LLC grew its stake in Walt Disney by 10.5% in the first quarter. Clearbridge Investments LLC now owns 10,855,844 shares of the entertainment giant’s stock worth $1,205,324,000 after purchasing an additional 1,031,035 shares in the last quarter. 64.14% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Zenia B. Mucha sold 49,561 shares of the 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brent Woodford sold 2,000 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $144.25, for a total value of $288,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 158,423 shares of company stock valued at $22,284,125. Company insiders own 0.36% of the company’s stock.
NYSE DIS traded down $0.14 during midday trading on Friday, hitting $141.71. 6,536,172 shares of the company traded hands, compared to its average volume of 7,079,343. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $257.37 billion, a P/E ratio of 20.02, a PEG ratio of 4.32 and a beta of 0.96. The firm has a 50-day simple moving average of $141.98. Walt Disney Co has a 52 week low of $100.35 and a 52 week high of $147.15.
Walt Disney (NYSE:DIS) last announced its earnings results on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.02. The business had revenue of $14.92 billion for the quarter, compared to analysts’ expectations of $14.53 billion. Walt Disney had a return on equity of 15.67% and a net margin of 22.55%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.84 EPS. As a group, research analysts anticipate that Walt Disney Co will post 6.57 EPS for the current year.
The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, July 25th. Stockholders of record on Monday, July 8th were issued a dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, July 5th. Walt Disney’s dividend payout ratio is presently 24.86%.
Several research analysts recently issued reports on the company. ValuEngine raised Walt Disney from a “hold” rating to a “buy” rating in a research note on Saturday, April 13th. Citigroup reissued a “buy” rating and issued a $160.00 price objective (up previously from $132.00) on shares of Walt Disney in a research note on Thursday, June 6th. JPMorgan Chase & Co. assumed coverage on Walt Disney in a research note on Friday, April 12th. They issued an “overweight” rating and a $137.00 price objective on the stock. Barclays increased their price objective on Walt Disney from $130.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Finally, Morgan Stanley increased their price objective on Walt Disney from $135.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $144.89.
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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