Wagner Bowman Management Corp Has $5.80 Million Holdings in Walt Disney Co (NYSE:DIS)

Wagner Bowman Management Corp lessened its stake in Walt Disney Co (NYSE:DIS) by 0.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,571 shares of the entertainment giant’s stock after selling 385 shares during the quarter. Walt Disney accounts for about 1.3% of Wagner Bowman Management Corp’s investment portfolio, making the stock its 14th biggest holding. Wagner Bowman Management Corp’s holdings in Walt Disney were worth $5,804,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Forbes J M & Co. LLP boosted its holdings in shares of Walt Disney by 11.5% in the second quarter. Forbes J M & Co. LLP now owns 125,558 shares of the entertainment giant’s stock valued at $17,533,000 after buying an additional 12,986 shares during the period. Clarius Group LLC boosted its holdings in shares of Walt Disney by 10.9% in the second quarter. Clarius Group LLC now owns 13,863 shares of the entertainment giant’s stock valued at $1,936,000 after buying an additional 1,361 shares during the period. Penobscot Investment Management Company Inc. boosted its holdings in shares of Walt Disney by 5.3% in the second quarter. Penobscot Investment Management Company Inc. now owns 50,609 shares of the entertainment giant’s stock valued at $7,067,000 after buying an additional 2,535 shares during the period. Jacobsen Capital Management acquired a new position in shares of Walt Disney in the second quarter valued at approximately $1,405,000. Finally, Employers Holdings Inc. acquired a new position in shares of Walt Disney in the second quarter valued at approximately $1,370,000. Institutional investors own 64.27% of the company’s stock.

NYSE DIS opened at $136.23 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 0.38. The firm’s fifty day moving average price is $140.69 and its two-hundred day moving average price is $129.06. Walt Disney Co has a 1 year low of $100.35 and a 1 year high of $147.15. The firm has a market capitalization of $243.71 billion, a P/E ratio of 19.24, a price-to-earnings-growth ratio of 4.46 and a beta of 0.96.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.41). Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. The firm had revenue of $20.25 billion for the quarter, compared to the consensus estimate of $21.40 billion. During the same period last year, the company posted $1.87 earnings per share. The business’s revenue was up 32.9% compared to the same quarter last year. On average, research analysts anticipate that Walt Disney Co will post 6 EPS for the current fiscal year.

The company also recently declared 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 dividend payout ratio (DPR) is currently 24.86%.

In other Walt Disney news, EVP Brent Woodford sold 2,200 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $138.23, for a total transaction of $304,106.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Zenia B. Mucha sold 49,561 shares of the company’s stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of $140.00, for a total transaction of $6,938,540.00. The disclosure for this sale can be found here. Insiders have sold 154,423 shares of company stock worth $21,743,165 over the last ninety days. Insiders own 0.36% of the company’s stock.

Several research analysts have recently weighed in on DIS shares. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $150.00 price target on shares of Walt Disney in a report on Wednesday, August 7th. Credit Suisse Group reissued a “buy” rating and issued a $150.00 price objective on shares of Walt Disney in a research report on Thursday, August 8th. Needham & Company LLC reissued a “hold” rating on shares of Walt Disney in a research report on Wednesday, August 7th. Zacks Investment Research raised shares of Walt Disney from a “strong sell” rating to a “hold” rating and set a $120.00 price objective on the stock in a research report on Tuesday, July 9th. Finally, Citigroup reissued a “buy” rating and issued a $160.00 price objective (up previously from $132.00) on shares of Walt Disney in a research report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have issued a buy rating to the company’s stock. Walt Disney presently has an average rating of “Buy” and a consensus target price of $148.22.

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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