Usca Ria LLC Takes $6.03 Million Position in Walt Disney Co (NYSE:DIS)

Usca Ria LLC bought a new position in shares of Walt Disney Co (NYSE:DIS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 43,145 shares of the entertainment giant’s stock, valued at approximately $6,025,000. Walt Disney makes up approximately 1.7% of Usca Ria LLC’s portfolio, making the stock its 15th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Walt Disney by 6.5% during the 4th quarter. BlackRock Inc. now owns 92,790,946 shares of the entertainment giant’s stock worth $10,174,527,000 after acquiring an additional 5,639,712 shares during the period. FMR LLC lifted its holdings in shares of Walt Disney by 37.2% in the 1st quarter. FMR LLC now owns 33,901,641 shares of the entertainment giant’s stock valued at $3,764,098,000 after buying an additional 9,190,235 shares during the period. Northern Trust Corp lifted its holdings in shares of Walt Disney by 4.5% in the 4th quarter. Northern Trust Corp now owns 21,001,994 shares of the entertainment giant’s stock valued at $2,302,868,000 after buying an additional 896,051 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Walt Disney by 7.4% in the 2nd quarter. Janus Henderson Group PLC now owns 12,194,709 shares of the entertainment giant’s stock valued at $1,702,901,000 after buying an additional 835,585 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in shares of Walt Disney by 10.5% in the 1st quarter. Clearbridge Investments LLC now owns 10,855,844 shares of the entertainment giant’s stock valued at $1,205,324,000 after buying an additional 1,031,035 shares during the period. 64.27% of the stock is currently owned by hedge funds and other institutional investors.

NYSE DIS opened at $135.43 on Friday. Walt Disney Co has a 1-year low of $100.35 and a 1-year high of $147.15. The company has a market capitalization of $243.42 billion, a P/E ratio of 19.13, a PEG ratio of 4.47 and a beta of 0.96. The business has a 50 day moving average price of $140.55 and a 200 day moving average price of $129.18. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.70 and a quick ratio of 0.67.

Walt Disney (NYSE:DIS) last released its quarterly earnings data 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 net margin of 19.02% and a return on equity of 13.08%. The firm had revenue of $20.25 billion during the quarter, compared to analysts’ expectations of $21.40 billion. During the same period in the previous year, the business earned $1.87 earnings per share. The business’s revenue for the quarter was up 32.9% on a year-over-year basis. On average, research analysts expect that Walt Disney Co will post 6 earnings per share for the current fiscal year.

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, July 25th. Investors of record on Monday, July 8th were paid a $0.88 dividend. The ex-dividend date of this dividend was Friday, July 5th. Walt Disney’s payout ratio is currently 24.86%.

Several analysts have recently commented on the company. Loop Capital raised their price target on Walt Disney to $165.00 and gave the company a “buy” rating in a report on Friday, June 14th. Credit Suisse Group reissued a “buy” rating and issued a $150.00 price target on shares of Walt Disney in a report on Thursday, August 8th. Imperial Capital reduced their price target on Walt Disney from $147.00 to $140.00 and set an “in-line” rating for the company in a report on Tuesday. Needham & Company LLC reissued a “hold” rating on shares of Walt Disney in a report on Wednesday, August 7th. Finally, Barclays raised their price target on Walt Disney from $130.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have issued a buy rating to the company. Walt Disney presently has an average rating of “Buy” and a consensus target price of $148.22.

In related news, EVP Brent Woodford sold 6,200 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $141.27, for a total value of $875,874.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alan N. Braverman sold 94,462 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was 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 sold a total of 154,423 shares of company stock valued at $21,743,165 over the last ninety days. 0.36% of the stock is currently owned by company insiders.

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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