Walt Disney Co (NYSE:DIS) Shares Acquired by First Trust Advisors LP

First Trust Advisors LP grew its position in shares of Walt Disney Co (NYSE:DIS) by 12.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 536,367 shares of the entertainment giant’s stock after purchasing an additional 61,260 shares during the quarter. First Trust Advisors LP’s holdings in Walt Disney were worth $59,553,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. WealthPLAN Partners LLC lifted its holdings in Walt Disney by 21.6% in the 1st 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 during the period. FMR LLC lifted its stake 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 purchasing an additional 9,190,235 shares during the period. Horizon Investments LLC raised its stake in Walt Disney by 25.8% during the first quarter. Horizon Investments LLC now owns 24,838 shares of the entertainment giant’s stock valued at $2,757,000 after buying an additional 5,090 shares during the last quarter. Merit Financial Group LLC purchased a new position in Walt Disney during the first quarter valued at $506,000. Finally, J.P. Marvel Investment Advisors LLC raised its stake in Walt Disney by 6.8% during the first quarter. J.P. Marvel Investment Advisors LLC now owns 59,961 shares of the entertainment giant’s stock valued at $6,657,000 after buying an additional 3,805 shares during the last quarter. Hedge funds and other institutional investors own 64.14% of the company’s stock.

In other news, EVP Zenia B. Mucha sold 49,561 shares of Walt Disney stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $140.00, for a total transaction of $6,938,540.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brent Woodford sold 2,000 shares of Walt Disney stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $144.25, for a total transaction of $288,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 158,423 shares of company stock valued at $22,284,125. Insiders own 0.36% of the company’s stock.

A number of research analysts have issued reports on DIS shares. Guggenheim reiterated a “buy” rating and set a $157.00 price objective on shares of Walt Disney in a research note on Tuesday, April 23rd. Morgan Stanley reiterated an “overweight” rating and set a GBX 4,000 ($52.27) price objective on shares of in a research note on Thursday, June 13th. BMO Capital Markets lowered their price objective on AKITA Drilling from C$5.00 to C$3.50 in a research note on Tuesday, May 7th. BTIG Research began coverage on Forestar Group in a research note on Monday, April 15th. They set a “buy” rating and a $23.00 price objective for the company. Finally, Goldman Sachs Group set a €22.50 ($26.16) target price on Grand City Properties and gave the stock a “buy” rating in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the stock. Walt Disney currently has a consensus rating of “Buy” and an average price target of $144.89.

Shares of DIS traded up $1.32 during mid-day trading on Friday, reaching $144.88. 8,508,659 shares of the company’s stock traded hands, compared to its average volume of 8,983,353. Walt Disney Co has a 12 month low of $100.35 and a 12 month high of $145.43. The stock has a market capitalization of $258.36 billion, a PE ratio of 20.46, a P/E/G ratio of 4.33 and a beta of 0.96. The firm’s 50-day moving average is $138.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.74 and a current ratio of 0.77.

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 Zacks’ consensus estimate of $1.59 by $0.02. The business had revenue of $14.92 billion for the quarter, compared to analyst estimates of $14.53 billion. Walt Disney had a net margin of 22.55% and a return on equity of 15.67%. The business’s revenue was up 2.6% on a year-over-year basis. During the same period last year, the company posted $1.84 EPS. As a group, equities research analysts forecast that Walt Disney Co will post 6.57 EPS for the current year.

The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 8th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, July 5th. Walt Disney’s dividend payout ratio (DPR) is 24.86%.

About Walt Disney

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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