United Bank trimmed its position in Walt Disney Co (NYSE:DIS) by 8.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,358 shares of the entertainment giant’s stock after selling 1,625 shares during the period. Walt Disney makes up approximately 1.9% of United Bank’s holdings, making the stock its 15th biggest holding. United Bank’s holdings in Walt Disney were worth $2,424,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in DIS. Litman Gregory Asset Management LLC bought a new position in shares of Walt Disney in the fourth quarter valued at $25,000. Centerpoint Advisors LLC boosted its position in Walt Disney by 276.5% during the second quarter. Centerpoint Advisors LLC now owns 192 shares of the entertainment giant’s stock worth $27,000 after purchasing an additional 141 shares during the period. Crewe Advisors LLC boosted its position in Walt Disney by 55.6% during 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 Walt Disney during the fourth quarter worth $43,000. Finally, Riverview Trust Co bought a new position in Walt Disney during the fourth quarter worth $48,000. Institutional investors and hedge funds own 64.09% of the company’s stock.
A number of equities analysts have commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $175.00 price objective on shares of Walt Disney in a research report on Monday, May 6th. BMO Capital Markets lifted their price objective on shares of Walt Disney from $140.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. Loop Capital lifted their price objective on shares of Walt Disney to $165.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. JPMorgan Chase & Co. assumed coverage on Walt Disney in a report on Friday, April 12th. They set an “overweight” rating and a $137.00 target price for the company. Finally, Morgan Stanley lifted their target price on Walt Disney from $135.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, June 13th. One 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 stock currently has a consensus rating of “Buy” and an average target price of $144.89.
Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, May 8th. The entertainment giant reported $1.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.02. The firm had revenue of $14.92 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm earned $1.84 earnings per share. On average, equities analysts predict that Walt Disney Co will post 6.57 earnings per share for the current 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 paid 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 Brent Woodford sold 4,000 shares of the business’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Zenia B. Mucha sold 49,561 shares of the business’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $140.00, for a total value of $6,938,540.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 158,423 shares of company stock valued at $22,284,125. Insiders own 0.36% of the company’s stock.
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.
Featured Story: Why are gap-down stocks important?
Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.