Oak Ridge Investments LLC Decreases Holdings in Walt Disney Co (NYSE:DIS)

Oak Ridge Investments LLC lessened its stake in shares of Walt Disney Co (NYSE:DIS) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,597 shares of the entertainment giant’s stock after selling 80 shares during the period. Oak Ridge Investments LLC’s holdings in Walt Disney were worth $1,099,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Lyell Wealth Management LP increased its stake in shares of Walt Disney by 8.7% in the fourth quarter. Lyell Wealth Management LP now owns 47,326 shares of the entertainment giant’s stock worth $6,885,000 after purchasing an additional 3,772 shares in the last quarter. JJJ Advisors Inc. increased its stake in shares of Walt Disney by 49.2% in the fourth quarter. JJJ Advisors Inc. now owns 364 shares of the entertainment giant’s stock worth $53,000 after purchasing an additional 120 shares in the last quarter. American International Group Inc. increased its stake in shares of Walt Disney by 1.7% in the fourth quarter. American International Group Inc. now owns 693,250 shares of the entertainment giant’s stock worth $100,265,000 after purchasing an additional 11,689 shares in the last quarter. Modera Wealth Management LLC increased its stake in shares of Walt Disney by 2.5% in the fourth quarter. Modera Wealth Management LLC now owns 3,628 shares of the entertainment giant’s stock worth $525,000 after purchasing an additional 90 shares in the last quarter. Finally, Royal Harbor Partners LLC purchased a new position in shares of Walt Disney in the fourth quarter worth about $241,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

In other Walt Disney news, EVP Brent Woodford sold 2,000 shares of Walt Disney stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $147.45, for a total transaction of $294,900.00. Following the completion of the sale, the executive vice president now directly owns 34,479 shares in the company, valued at $5,083,928.55. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Alan N. Braverman sold 3,107 shares of Walt Disney stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $146.14, for a total transaction of $454,056.98. Following the sale, the executive vice president now owns 104,358 shares of the company’s stock, valued at $15,250,878.12. The disclosure for this sale can be found here. Insiders sold 10,258 shares of company stock valued at $1,525,940 over the last 90 days. 0.31% of the stock is owned by company insiders.

DIS has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Walt Disney from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a research note on Wednesday, February 5th. Wells Fargo & Co lifted their target price on shares of Walt Disney from $175.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. Cowen lifted their target price on shares of Walt Disney from $154.00 to $159.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Guggenheim lifted their target price on shares of Walt Disney from to in a research note on Wednesday, February 5th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $180.00 target price (up previously from $175.00) on shares of Walt Disney in a research note on Sunday, February 2nd. Seven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Walt Disney presently has a consensus rating of “Buy” and a consensus price target of $160.36.

Shares of DIS stock traded down $1.47 during trading hours on Friday, reaching $139.44. The stock had a trading volume of 4,011,040 shares, compared to its average volume of 10,555,997. The stock’s fifty day simple moving average is $143.04 and its 200 day simple moving average is $139.53. The company has a current ratio of 0.80, a quick ratio of 0.75 and a debt-to-equity ratio of 0.40. Walt Disney Co has a 12 month low of $107.32 and a 12 month high of $153.41. The firm has a market capitalization of $252.05 billion, a PE ratio of 22.27, a PEG ratio of 5.21 and a beta of 1.00.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 4th. The entertainment giant reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.09. Walt Disney had a net margin of 13.81% and a return on equity of 10.23%. The company had revenue of $20.86 billion during the quarter, compared to analyst estimates of $20.84 billion. During the same period last year, the business earned $1.84 earnings per share. Walt Disney’s revenue was up 36.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Walt Disney Co will post 5.38 EPS for the current fiscal year.

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a $0.88 dividend. The ex-dividend date was Friday, December 13th. This represents a dividend yield of 1.2%. Walt Disney’s dividend payout ratio (DPR) is currently 30.50%.

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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