South State Corp Has $10.74 Million Position in Walt Disney Co (DIS)

South State Corp grew its position in Walt Disney Co (NYSE:DIS) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,936 shares of the entertainment giant’s stock after acquiring an additional 342 shares during the period. Walt Disney comprises about 1.2% of South State Corp’s portfolio, making the stock its 24th largest holding. South State Corp’s holdings in Walt Disney were worth $10,738,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Litman Gregory Asset Management LLC purchased a new stake in shares of Walt Disney during the 4th quarter worth approximately $25,000. Crewe Advisors LLC increased its stake in Walt Disney by 55.6% in the fourth quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock worth $31,000 after purchasing an additional 100 shares during the period. Portfolio Solutions LLC bought a new position in shares of Walt Disney during the 4th quarter worth $43,000. Contravisory Investment Management Inc. grew its position in shares of Walt Disney by 176.4% during the 4th quarter. Contravisory Investment Management Inc. now owns 409 shares of the entertainment giant’s stock worth $45,000 after buying an additional 261 shares in the last quarter. Finally, Watermark Asset Management Inc. grew its position in shares of Walt Disney by 52.2% during the 4th quarter. Watermark Asset Management Inc. now owns 446 shares of the entertainment giant’s stock worth $49,000 after buying an additional 153 shares in the last quarter. 66.71% of the stock is owned by institutional investors.

Shares of DIS traded down $0.69 during trading hours on Tuesday, hitting $133.22. The stock had a trading volume of 62,142 shares, compared to its average volume of 12,096,503. 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 firm has a market capitalization of $199.08 billion, a P/E ratio of 18.87, a price-to-earnings-growth ratio of 3.57 and a beta of 1.00. Walt Disney Co has a 12-month low of $98.81 and a 12-month high of $142.37.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.02. The business had revenue of $14.92 billion for the quarter, compared to analyst estimates of $14.53 billion. Walt Disney had a return on equity of 15.67% and a net margin of 22.55%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the company posted $1.84 EPS. Sell-side analysts predict that Walt Disney Co will post 6.67 earnings per share for the current year.

In other news, EVP Brent Woodford sold 2,000 shares of Walt Disney stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $114.35, for a total transaction of $228,700.00. Following the sale, the executive vice president now directly owns 26,517 shares of the company’s stock, valued at $3,032,218.95. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Zenia B. Mucha sold 33,000 shares of Walt Disney stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $128.88, for a total value of $4,253,040.00. The disclosure for this sale can be found here. Insiders sold 39,000 shares of company stock worth $5,022,700 over the last three months. 0.36% of the stock is currently owned by corporate insiders.

DIS has been the subject of several research analyst reports. JPMorgan Chase & Co. initiated coverage on Walt Disney in a research note on Friday, April 12th. They issued an “overweight” rating and a $137.00 price objective for the company. BTIG Research raised Walt Disney from a “sell” rating to a “neutral” rating in a research note on Monday, April 15th. Imperial Capital boosted their price objective on Walt Disney from $139.00 to $147.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. Cowen upgraded Walt Disney from a “market perform” rating to an “outperform” rating and set a $115.90 target price on the stock in a research report on Tuesday, April 9th. Finally, Tigress Financial restated a “buy” rating on shares of Walt Disney in a research report on Tuesday, February 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $142.42.

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

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