Ycg LLC raised its holdings in Walt Disney Co (NYSE:DIS) by 0.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 54,754 shares of the entertainment giant’s stock after acquiring an additional 165 shares during the period. Walt Disney makes up approximately 1.2% of Ycg LLC’s investment portfolio, making the stock its 22nd largest position. Ycg LLC’s holdings in Walt Disney were worth $7,678,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its holdings in Walt Disney by 13.3% in the fourth quarter. Advisors Asset Management Inc. now owns 44,006 shares of the entertainment giant’s stock worth $4,825,000 after purchasing an additional 5,162 shares in the last quarter. Gantzert Investment Co. LLC ADV acquired a new stake in Walt Disney in the fourth quarter valued at approximately $2,277,000. Private Ocean LLC grew its stake in Walt Disney by 7.3% in the fourth quarter. Private Ocean LLC now owns 2,376 shares of the entertainment giant’s stock valued at $260,000 after acquiring an additional 162 shares during the period. Shelton Capital Management grew its stake in Walt Disney by 168.4% in the fourth quarter. Shelton Capital Management now owns 46,289 shares of the entertainment giant’s stock valued at $5,076,000 after acquiring an additional 29,042 shares during the period. Finally, Allred Capital Management LLC acquired a new stake in Walt Disney in the fourth quarter valued at approximately $1,613,000. Institutional investors own 64.14% of the company’s stock.
Shares of NYSE:DIS traded down $0.14 during mid-day 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 stock has a market cap of $257.37 billion, a PE ratio of 20.02, a P/E/G ratio of 4.32 and a beta of 0.96. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.74 and a current ratio of 0.77. Walt Disney Co has a 12-month low of $100.35 and a 12-month high of $147.15. The firm’s 50-day moving average price is $141.98.
The business also recently announced a Semi-Annual dividend, which was paid on Thursday, July 25th. Investors of record on Monday, July 8th were given a dividend of $0.88 per share. The ex-dividend date was Friday, July 5th. Walt Disney’s payout ratio is 24.86%.
In other Walt Disney news, EVP Alan N. Braverman sold 94,462 shares of the business’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $141.18, for a total value of $13,336,145.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brent Woodford sold 4,000 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $135.24, for a total value of $540,960.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 158,423 shares of company stock worth $22,284,125. 0.36% of the stock is owned by insiders.
A number of equities research analysts have commented on the company. Bank of America set a $168.00 price objective on Walt Disney and gave the company a “buy” rating in a research note on Monday, June 24th. Morgan Stanley raised their price objective on Walt Disney from $135.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, June 13th. Rosenblatt Securities reissued a “buy” rating and issued a $175.00 price objective on shares of Walt Disney in a research note on Monday, May 6th. Cowen raised Walt Disney from a “market perform” rating to an “outperform” rating and set a $115.90 price objective for the company in a research note on Tuesday, April 9th. Finally, BTIG Research raised Walt Disney from a “sell” rating to a “neutral” rating in a research note on Monday, April 15th. One 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’s stock. Walt Disney currently has a consensus rating of “Buy” and a consensus price target of $144.89.
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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