Taylor Hoffman Wealth Management Sells 2,876 Shares of Walt Disney Co (NYSE:DIS)

Taylor Hoffman Wealth Management trimmed its position in shares of Walt Disney Co (NYSE:DIS) by 10.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,444 shares of the entertainment giant’s stock after selling 2,876 shares during the quarter. Walt Disney accounts for approximately 2.7% of Taylor Hoffman Wealth Management’s portfolio, making the stock its 3rd largest holding. Taylor Hoffman Wealth Management’s holdings in Walt Disney were worth $3,413,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of DIS. Centerpoint Advisors LLC grew 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 buying an additional 141 shares during the period. Portfolio Solutions LLC acquired a new position in Walt Disney during the fourth quarter worth about $43,000. Riverview Trust Co acquired a new position in Walt Disney during the fourth quarter worth about $48,000. Bay Harbor Wealth Management LLC grew its position in Walt Disney by 94.2% during the second quarter. Bay Harbor Wealth Management LLC now owns 433 shares of the entertainment giant’s stock worth $60,000 after buying an additional 210 shares during the period. Finally, Thor Advisors LLC acquired a new position in Walt Disney during the first quarter worth about $69,000. Institutional investors and hedge funds own 64.27% of the company’s stock.

Shares of DIS opened at $131.67 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.67 and a current ratio of 0.70. The company has a market capitalization of $244.56 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 4.49 and a beta of 0.96. The company’s 50 day simple moving average is $140.35 and its 200 day simple moving average is $129.29. Walt Disney Co has a 1 year low of $100.35 and a 1 year high of $147.15.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.41). The firm had revenue of $20.25 billion for the quarter, compared to analysts’ expectations of $21.40 billion. Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. The business’s quarterly revenue was up 32.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.87 EPS. Equities analysts expect that Walt Disney Co will post 6 EPS 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 dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, July 5th. Walt Disney’s payout ratio is 24.86%.

DIS has been the topic of several recent research reports. BMO Capital Markets upped their price target on shares of Walt Disney from $140.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. Loop Capital upped their price target on shares of Walt Disney to $165.00 and gave the company a “buy” rating in a report on Friday, June 14th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $175.00 price target on shares of Walt Disney in a report on Monday, May 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Walt Disney in a report on Wednesday, August 7th. Finally, UBS Group upped their price target on shares of Walt Disney from $128.00 to $165.00 and gave the company a “buy” rating in a report on Monday, May 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $148.22.

In related news, EVP Alan N. Braverman sold 94,462 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $141.18, for a total transaction of $13,336,145.16. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 6,200 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $141.27, for a total transaction of $875,874.00. The disclosure for this sale can be found here. Insiders have sold 154,423 shares of company stock worth $21,743,165 in the last three months. Insiders own 0.36% of the company’s stock.

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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