Versant Capital Management Inc Sells 340 Shares of Walt Disney Co (NYSE:DIS)

Versant Capital Management Inc lessened its holdings in Walt Disney Co (NYSE:DIS) by 18.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,488 shares of the entertainment giant’s stock after selling 340 shares during the quarter. Versant Capital Management Inc’s holdings in Walt Disney were worth $207,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Litman Gregory Asset Management LLC bought a new stake in shares of Walt Disney in the 4th quarter worth about $25,000. Crewe Advisors LLC lifted its position in Walt Disney by 55.6% during the 4th quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock worth $31,000 after buying an additional 100 shares in the last quarter. Portfolio Solutions LLC acquired a new position in Walt Disney during the 4th quarter worth about $43,000. Riverview Trust Co acquired a new position in Walt Disney during the 4th quarter worth about $48,000. Finally, Winch Advisory Services LLC lifted its position in Walt Disney by 44.5% during the 4th quarter. Winch Advisory Services LLC now owns 591 shares of the entertainment giant’s stock worth $65,000 after buying an additional 182 shares in the last quarter. 64.09% of the stock is currently owned by hedge funds and other institutional investors.

DIS has been the topic of several research reports. Bank of America set a $168.00 price target on shares of Walt Disney and gave the stock a “buy” rating in a research report on Monday, June 24th. Rosenblatt Securities reiterated a “buy” rating and set a $175.00 price target on shares of Walt Disney in a research report on Monday, May 6th. Zacks Investment Research upgraded shares of Walt Disney from a “strong sell” rating to a “hold” rating and set a $120.00 price target on the stock in a research report on Tuesday, July 9th. Loop Capital upped their price target on shares of Walt Disney to $165.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. Finally, BTIG Research upgraded shares of Walt Disney from a “sell” rating to a “neutral” rating in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $144.89.

Walt Disney stock traded down $3.47 during trading hours on Monday, reaching $138.24. 2,840,952 shares of the company’s stock traded hands, compared to its average volume of 7,524,925. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.74. Walt Disney Co has a fifty-two week low of $100.35 and a fifty-two week high of $147.15. The company has a market cap of $255.04 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 4.28 and a beta of 0.96. The business’s 50 day moving average price is $141.98.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.02. Walt Disney had a net margin of 22.55% and a return on equity of 15.67%. The company had revenue of $14.92 billion for the quarter, compared to the consensus estimate of $14.53 billion. During the same period in the prior year, the company posted $1.84 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. On average, analysts forecast that Walt Disney Co will post 6.57 EPS for the current fiscal year.

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, July 25th. Shareholders of record on Monday, July 8th were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, July 5th. Walt Disney’s payout ratio is presently 24.86%.

In related news, EVP Alan N. Braverman sold 94,462 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $141.18, for a total value of $13,336,145.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Brent Woodford sold 2,000 shares of the stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $144.25, for a total transaction of $288,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 158,423 shares of company stock worth $22,284,125. Corporate insiders own 0.36% of the company’s stock.

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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