1,809 Shares in Walt Disney Co (NYSE:DIS) Acquired by Zhang Financial LLC

Zhang Financial LLC bought a new position in Walt Disney Co (NYSE:DIS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,809 shares of the entertainment giant’s stock, valued at approximately $253,000.

A number of other hedge funds also recently modified their holdings of DIS. Centerpoint Advisors LLC raised its position in shares of Walt Disney by 276.5% during the 2nd quarter. Centerpoint Advisors LLC now owns 192 shares of the entertainment giant’s stock valued at $27,000 after purchasing an additional 141 shares during the period. Crewe Advisors LLC raised its position in shares of Walt Disney by 55.6% during the 4th quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock valued at $31,000 after purchasing an additional 100 shares during the period. Portfolio Solutions LLC bought a new stake in shares of Walt Disney during the 4th quarter valued at $43,000. Riverview Trust Co bought a new stake in shares of Walt Disney during the 4th quarter valued at $48,000. Finally, Bay Harbor Wealth Management LLC raised its position in shares of Walt Disney by 94.2% during the 2nd quarter. Bay Harbor Wealth Management LLC now owns 433 shares of the entertainment giant’s stock valued at $60,000 after purchasing an additional 210 shares during the period. Institutional investors own 64.09% of the company’s stock.

In other Walt Disney news, EVP Brent Woodford sold 2,200 shares of Walt Disney stock in a transaction on Friday, June 7th. The shares were sold at an average price of $138.23, for a total value of $304,106.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alan N. Braverman sold 94,462 shares of Walt Disney stock in a transaction 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 disclosure for this sale can be found here. Insiders sold a total of 158,423 shares of company stock valued at $22,284,125 over the last three months. Corporate insiders own 0.36% of the company’s stock.

DIS has been the topic of several recent analyst reports. BMO Capital Markets raised their price objective on shares of Walt Disney from $140.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. Barclays raised their price objective on shares of Walt Disney from $130.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. initiated coverage on shares of Walt Disney in a research report on Friday, April 12th. They set an “overweight” rating and a $137.00 price objective on the stock. Morgan Stanley set a $160.00 price objective on shares of Walt Disney and gave the company a “buy” rating in a research report on Friday, August 2nd. 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 issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $144.89.

DIS traded down $7.22 during trading on Wednesday, hitting $134.66. 12,597,430 shares of the company traded hands, compared to its average volume of 7,572,084. The company has a market cap of $255.04 billion, a P/E ratio of 19.02, a PEG ratio of 4.28 and a beta of 0.96. The stock has a 50-day moving average price of $141.90. Walt Disney Co has a 1 year low of $100.35 and a 1 year high of $147.15. 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 (NYSE:DIS) last posted its earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.41). The company had revenue of $20.25 billion for the quarter, compared to analysts’ expectations of $21.40 billion. Walt Disney had a net margin of 22.55% and a return on equity of 15.67%. The business’s revenue was up 32.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.87 earnings per share. Analysts anticipate that Walt Disney Co will post 6.57 earnings per share for the current fiscal year.

The business also recently announced 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 was Friday, July 5th. Walt Disney’s payout ratio is 24.86%.

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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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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