Kings Point Capital Management Buys 4,392 Shares of Walt Disney Co (NYSE:DIS)

Kings Point Capital Management raised its stake in Walt Disney Co (NYSE:DIS) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 91,884 shares of the entertainment giant’s stock after purchasing an additional 4,392 shares during the quarter. Walt Disney comprises approximately 2.2% of Kings Point Capital Management’s holdings, making the stock its 9th biggest holding. Kings Point Capital Management’s holdings in Walt Disney were worth $10,075,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DIS. Oregon Public Employees Retirement Fund boosted its holdings in shares of Walt Disney by 14,778.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 53,195,820 shares of the entertainment giant’s stock valued at $485,000 after purchasing an additional 52,838,274 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Walt Disney by 6.5% during the 4th quarter. BlackRock Inc. now owns 92,790,946 shares of the entertainment giant’s stock valued at $10,174,527,000 after acquiring an additional 5,639,712 shares in the last quarter. Cortland Advisers LLC acquired a new position in shares of Walt Disney during the 4th quarter valued at $118,918,000. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in shares of Walt Disney during the 4th quarter valued at $106,699,000. Finally, Prudential Financial Inc. lifted its holdings in shares of Walt Disney by 58.2% during the 4th quarter. Prudential Financial Inc. now owns 2,585,563 shares of the entertainment giant’s stock valued at $283,495,000 after acquiring an additional 950,851 shares in the last quarter. Institutional investors own 64.15% of the company’s stock.

Walt Disney stock traded up $0.34 during midday trading on Friday, hitting $139.64. 20,077,830 shares of the stock were exchanged, compared to its average volume of 9,133,358. Walt Disney Co has a 1 year low of $100.35 and a 1 year high of $143.51. The stock has a market cap of $250.70 billion, a price-to-earnings ratio of 19.72, a P/E/G ratio of 3.74 and a beta of 0.97. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.74 and a current ratio of 0.77. The company has a 50 day simple moving average of $136.24.

Walt Disney (NYSE:DIS) last released its earnings results on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.02. The company had revenue of $14.92 billion during the quarter, compared to the consensus estimate of $14.53 billion. Walt Disney had a net margin of 22.55% and a return on equity of 15.67%. The company’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.84 EPS. On average, equities research analysts anticipate that Walt Disney Co will post 6.63 EPS for the current fiscal year.

The business also recently announced a dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 8th will be given a $0.88 dividend. The ex-dividend date is Friday, July 5th. Walt Disney’s payout ratio is currently 24.86%.

In other news, EVP Brent Woodford sold 2,200 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $138.23, for a total value of $304,106.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Zenia B. Mucha sold 49,561 shares of the business’s stock in a transaction dated Wednesday, June 19th. The shares were 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 sold a total of 94,961 shares of company stock valued at $12,912,520 in the last three months. Insiders own 0.36% of the company’s stock.

Several research firms recently weighed in on DIS. Bank of America set a $168.00 target price on shares of Walt Disney and gave the company a “buy” rating in a report on Monday, June 24th. Loop Capital lifted their target price on shares of Walt Disney to $165.00 and gave the company a “buy” rating in a report on Friday, June 14th. Morgan Stanley lifted their target price on shares of Walt Disney from $135.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, June 13th. Citigroup restated a “buy” rating and set a $160.00 target price (up previously from $132.00) on shares of Walt Disney in a report on Thursday, June 6th. Finally, Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $146.27.

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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