USS Investment Management Ltd cut its holdings in shares of Walt Disney Co (NYSE:DIS) by 2.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,000 shares of the entertainment giant’s stock after selling 2,500 shares during the quarter. USS Investment Management Ltd’s holdings in Walt Disney were worth $12,851,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in DIS. BlackRock Inc. increased its position in shares of Walt Disney by 6.5% in the 4th quarter. BlackRock Inc. now owns 92,790,946 shares of the entertainment giant’s stock valued at $10,174,527,000 after purchasing an additional 5,639,712 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Walt Disney by 14,778.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 53,195,820 shares of the entertainment giant’s stock worth $485,000 after acquiring an additional 52,838,274 shares during the period. FMR LLC lifted its stake in shares of Walt Disney by 37.2% in the first quarter. FMR LLC now owns 33,901,641 shares of the entertainment giant’s stock valued at $3,764,098,000 after purchasing an additional 9,190,235 shares during the period. Northern Trust Corp lifted its stake in shares of Walt Disney by 4.5% in the fourth quarter. Northern Trust Corp now owns 21,001,994 shares of the entertainment giant’s stock valued at $2,302,868,000 after purchasing an additional 896,051 shares during the period. Finally, Clearbridge Investments LLC lifted its stake in shares of Walt Disney by 10.5% in the first quarter. Clearbridge Investments LLC now owns 10,855,844 shares of the entertainment giant’s stock valued at $1,205,324,000 after purchasing an additional 1,031,035 shares during the period. Institutional investors own 64.14% of the company’s stock.
Several research firms have weighed in on DIS. Imperial Capital raised their target price on shares of Walt Disney from $139.00 to $147.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. Credit Suisse Group boosted their target price on shares of Walt Disney from $114.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, May 9th. ValuEngine raised shares of Walt Disney from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. Guggenheim reaffirmed a “buy” rating and set a $157.00 price target on shares of Walt Disney in a research report on Tuesday, April 23rd. Finally, Morgan Stanley boosted their target price on shares of Walt Disney from $135.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, June 13th. One research 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. Walt Disney has an average rating of “Buy” and an average price target of $144.89.
Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Wednesday, May 8th. The entertainment giant reported $1.61 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.02. Walt Disney had a return on equity of 15.67% and a net margin of 22.55%. The firm had revenue of $14.92 billion during the quarter, compared to analyst estimates of $14.53 billion. During the same period last year, the company earned $1.84 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. Equities analysts predict that Walt Disney Co will post 6.57 earnings per share 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 (DPR) is presently 24.86%.
In related news, EVP Alan N. Braverman sold 94,462 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $141.18, for a total transaction of $13,336,145.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brent Woodford sold 4,000 shares of the business’s stock in a transaction that occurred 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 three months, insiders sold 158,423 shares of company stock worth $22,284,125. 0.36% of the stock is owned by insiders.
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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