Professional Planning raised its position in shares of Walt Disney Co (NYSE:DIS) by 25.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,254 shares of the entertainment giant’s stock after purchasing an additional 4,537 shares during the period. Walt Disney accounts for approximately 3.7% of Professional Planning’s portfolio, making the stock its 10th largest holding. Professional Planning’s holdings in Walt Disney were worth $3,107,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Global Trust Asset Management LLC boosted its holdings in shares of Walt Disney by 231.5% in the second quarter. Global Trust Asset Management LLC now owns 8,134 shares of the entertainment giant’s stock worth $1,136,000 after acquiring an additional 5,680 shares during the period. Atlantic Union Bankshares Corp boosted its holdings in shares of Walt Disney by 144.2% in the second quarter. Atlantic Union Bankshares Corp now owns 101,664 shares of the entertainment giant’s stock worth $14,196,000 after acquiring an additional 60,033 shares during the period. Biegel & Waller LLC boosted its holdings in shares of Walt Disney by 3.1% in the second quarter. Biegel & Waller LLC now owns 3,752 shares of the entertainment giant’s stock worth $524,000 after acquiring an additional 112 shares during the period. Strategic Investment Advisors MI bought a new position in shares of Walt Disney in the second quarter worth $317,000. Finally, CHICAGO TRUST Co NA boosted its holdings in shares of Walt Disney by 10.7% in the second quarter. CHICAGO TRUST Co NA now owns 6,319 shares of the entertainment giant’s stock worth $882,000 after acquiring an additional 610 shares during the period. 64.14% of the stock is owned by institutional investors and hedge funds.
In other Walt Disney news, EVP Brent Woodford sold 4,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $135.24, for a total transaction of $540,960.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Alan N. Braverman sold 94,462 shares of the firm’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $141.18, for a total value of $13,336,145.16. The disclosure for this sale can be found here. Insiders have sold 158,423 shares of company stock valued at $22,284,125 in the last three months. 0.36% of the stock is owned by corporate insiders.
Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.02. The company had revenue of $14.92 billion during 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 firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company earned $1.84 earnings per share. As a group, equities research analysts anticipate that Walt Disney Co will post 6.57 earnings per share for the current fiscal year.
The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, July 25th. Investors of record on Monday, July 8th were paid 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 24.86%.
A number of equities analysts have recently commented on the company. BTIG Research raised Walt Disney from a “sell” rating to a “neutral” rating in a report on Monday, April 15th. Barclays raised their price target on Walt Disney from $130.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Bank of America set a $168.00 price target on Walt Disney and gave the stock a “buy” rating in a report on Monday, June 24th. Imperial Capital raised their price target on Walt Disney from $139.00 to $147.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. Finally, BMO Capital Markets raised their price target on Walt Disney from $140.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price 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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