Saratoga Research & Investment Management Acquires 8,506 Shares of Walt Disney Co (NYSE:DIS)

Saratoga Research & Investment Management boosted its holdings in shares of Walt Disney Co (NYSE:DIS) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 657,238 shares of the entertainment giant’s stock after buying an additional 8,506 shares during the quarter. Walt Disney makes up approximately 5.8% of Saratoga Research & Investment Management’s investment portfolio, making the stock its 5th largest position. Saratoga Research & Investment Management’s holdings in Walt Disney were worth $91,777,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in DIS. Koshinski Asset Management Inc. grew its position in Walt Disney by 6.4% during the second quarter. Koshinski Asset Management Inc. now owns 11,115 shares of the entertainment giant’s stock worth $1,552,000 after buying an additional 667 shares in the last quarter. WealthPLAN Partners LLC grew its position in Walt Disney by 21.6% during the first quarter. WealthPLAN Partners LLC now owns 7,040 shares of the entertainment giant’s stock worth $948,000 after buying an additional 1,250 shares in the last quarter. Townsquare Capital LLC acquired a new stake in Walt Disney during the fourth quarter worth approximately $2,499,000. Montecito Bank & Trust grew its position in Walt Disney by 25.9% during the fourth quarter. Montecito Bank & Trust now owns 16,415 shares of the entertainment giant’s stock worth $1,800,000 after buying an additional 3,372 shares in the last quarter. Finally, FMR LLC grew its position in Walt Disney by 37.2% during the first quarter. FMR LLC now owns 33,901,641 shares of the entertainment giant’s stock worth $3,764,098,000 after buying an additional 9,190,235 shares in the last quarter. 64.09% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Brent Woodford sold 2,000 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $144.25, for a total value of $288,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alan N. Braverman sold 94,462 shares of the stock in a transaction 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 disclosure for this sale can be found here. Insiders have sold 158,423 shares of company stock valued at $22,284,125 over the last 90 days. Corporate insiders own 0.36% of the company’s stock.

DIS has been the topic of a number of analyst reports. Cowen raised Walt Disney from a “market perform” rating to an “outperform” rating and set a $115.90 price target on the stock in a research report on Tuesday, April 9th. BTIG Research raised Walt Disney from a “sell” rating to a “neutral” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. initiated coverage on Walt Disney in a research report on Friday, April 12th. They set an “overweight” rating and a $137.00 price target on the stock. Credit Suisse Group reissued a “neutral” rating on shares of Walt Disney in a research report on Wednesday. Finally, Citigroup reissued a “buy” rating and set a $160.00 price target (up previously from $132.00) on shares of Walt Disney in a research report on Thursday, June 6th. 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 has an average rating of “Buy” and an average price target of $144.89.

NYSE DIS traded down $7.22 on Wednesday, hitting $134.66. 12,597,430 shares of the company’s stock were exchanged, compared to its average volume of 7,572,084. The business has a 50-day moving average price of $141.90. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 0.36. Walt Disney Co has a 52 week low of $100.35 and a 52 week high of $147.15. The company has a market cap of $255.04 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 4.28 and a beta of 0.96.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($0.41). Walt Disney had a return on equity of 15.67% and a net margin of 22.55%. The business had revenue of $20.25 billion for the quarter, compared to the consensus estimate of $21.40 billion. During the same quarter in the previous year, the company earned $1.87 earnings per share. The firm’s revenue for the quarter was up 32.9% on a year-over-year basis. On average, equities research analysts anticipate that Walt Disney Co will post 6.57 EPS 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 presently 24.86%.

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

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