PVG Asset Management Corp Has $3.05 Million Stake in Walt Disney Co (NYSE:DIS)

PVG Asset Management Corp boosted its stake in shares of Walt Disney Co (NYSE:DIS) by 64.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,315 shares of the entertainment giant’s stock after purchasing an additional 11,856 shares during the quarter. Walt Disney makes up 1.7% of PVG Asset Management Corp’s investment portfolio, making the stock its 15th biggest holding. PVG Asset Management Corp’s holdings in Walt Disney were worth $3,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of Walt Disney by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 16,886,345 shares of the entertainment giant’s stock worth $1,811,851,000 after buying an additional 61,296 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Walt Disney by 1.5% during the 4th quarter. Franklin Resources Inc. now owns 13,496,173 shares of the entertainment giant’s stock worth $1,450,978,000 after buying an additional 194,342 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Walt Disney by 1.5% during the 4th quarter. Clearbridge Investments LLC now owns 8,518,119 shares of the entertainment giant’s stock worth $915,783,000 after buying an additional 129,750 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Walt Disney by 2.6% during the 4th quarter. TIAA CREF Investment Management LLC now owns 7,237,916 shares of the entertainment giant’s stock worth $778,148,000 after buying an additional 182,031 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Walt Disney by 44.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,032,917 shares of the entertainment giant’s stock worth $648,599,000 after buying an additional 1,860,702 shares in the last quarter. Institutional investors own 63.57% of the company’s stock.

Walt Disney stock traded down $1.48 during midday trading on Friday, reaching $112.68. The stock had a trading volume of 5,739,040 shares, compared to its average volume of 8,518,572. The company has a current ratio of 0.88, a quick ratio of 0.79 and a debt-to-equity ratio of 0.35. Walt Disney Co has a twelve month low of $96.20 and a twelve month high of $117.90. The stock has a market capitalization of $169.78 billion, a P/E ratio of 17.11, a PEG ratio of 1.50 and a beta of 1.35.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, August 7th. The entertainment giant reported $1.87 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.10). Walt Disney had a net margin of 20.76% and a return on equity of 21.37%. The company had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.49 billion. During the same period last year, the business earned $1.58 earnings per share. sell-side analysts predict that Walt Disney Co will post 6.96 EPS for the current year.

The business also recently disclosed a semiannual dividend, which was paid on Thursday, July 26th. Shareholders of record on Monday, July 9th were given a $0.84 dividend. The ex-dividend date of this dividend was Friday, July 6th. This is a positive change from Walt Disney’s previous semiannual dividend of $0.78. This represents a yield of 1.62%. Walt Disney’s dividend payout ratio (DPR) is 29.47%.

A number of equities analysts have recently issued reports on the company. ValuEngine raised Walt Disney from a “sell” rating to a “hold” rating in a research note on Friday, June 15th. Bank of America set a $144.00 price objective on Walt Disney and gave the company a “buy” rating in a research note on Wednesday. Credit Suisse Group assumed coverage on Walt Disney in a research note on Tuesday, July 10th. They issued a “neutral” rating and a $114.00 price objective for the company. Zacks Investment Research raised Walt Disney from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research note on Monday, June 18th. Finally, Pivotal Research downgraded Walt Disney from a “hold” rating to a “sell” rating and set a $93.00 price objective for the company. in a research note on Monday, June 18th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $118.92.

In other news, EVP Brent Woodford sold 768 shares of Walt Disney stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $104.35, for a total transaction of $80,140.80. Following the sale, the executive vice president now directly owns 28,493 shares of the company’s stock, valued at $2,973,244.55. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Alan N. Braverman sold 140,638 shares of Walt Disney stock in a transaction dated Wednesday, July 11th. The stock was sold at an average price of $107.00, for a total value of $15,048,266.00. Following the sale, the executive vice president now directly owns 160,316 shares in the company, valued at $17,153,812. The disclosure for this sale can be found here. Insiders sold 710,002 shares of company stock worth $80,514,432 over the last three months. 0.38% of the stock is currently owned by corporate insiders.

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 services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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