Keystone Financial Group boosted its holdings in Walt Disney Co (NYSE:DIS) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,635 shares of the entertainment giant’s stock after acquiring an additional 204 shares during the period. Keystone Financial Group’s holdings in Walt Disney were worth $1,538,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in DIS. JJJ Advisors Inc. lifted its stake in Walt Disney by 96.8% during the third quarter. JJJ Advisors Inc. now owns 244 shares of the entertainment giant’s stock worth $32,000 after purchasing an additional 120 shares in the last quarter. Garrett Wealth Advisory Group LLC acquired a new position in Walt Disney during the third quarter worth $36,000. Wealthcare Capital Management LLC lifted its stake in Walt Disney by 66.5% during the fourth quarter. Wealthcare Capital Management LLC now owns 333 shares of the entertainment giant’s stock worth $48,000 after purchasing an additional 133 shares in the last quarter. Price Wealth LLC lifted its stake in Walt Disney by 601.8% during the fourth quarter. Price Wealth LLC now owns 400 shares of the entertainment giant’s stock worth $58,000 after purchasing an additional 343 shares in the last quarter. Finally, Bourgeon Capital Management LLC acquired a new position in Walt Disney during the third quarter worth $60,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.
DIS has been the topic of a number of research reports. Consumer Edge initiated coverage on Walt Disney in a research note on Monday, November 25th. They set an “overweight” rating and a $175.00 price target on the stock. Evercore ISI restated a “buy” rating and set a $155.00 price target on shares of Walt Disney in a research note on Monday, November 11th. Morgan Stanley upped their price target on Walt Disney from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Bank of America restated a “buy” rating and set a $168.00 price target on shares of Walt Disney in a research note on Wednesday, February 5th. Finally, Argus upped their price target on Walt Disney from $143.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Seven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $160.36.
Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, February 4th. The entertainment giant reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.09. Walt Disney had a return on equity of 10.23% and a net margin of 13.81%. The business had revenue of $20.86 billion for the quarter, compared to analyst estimates of $20.84 billion. During the same quarter in the prior year, the company earned $1.84 earnings per share. The company’s revenue was up 36.3% on a year-over-year basis. Sell-side analysts predict that Walt Disney Co will post 5.39 earnings per share for the current year.
The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were given a dividend of $0.88 per share. This represents a dividend yield of 1.2%. The ex-dividend date was Friday, December 13th. Walt Disney’s dividend payout ratio is currently 30.50%.
In related news, EVP Alan N. Braverman sold 3,107 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $146.14, for a total value of $454,056.98. Following the transaction, the executive vice president now owns 104,358 shares of the company’s stock, valued at $15,250,878.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brent Woodford sold 4,000 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $152.16, for a total value of $608,640.00. Following the completion of the transaction, the executive vice president now directly owns 36,479 shares in the company, valued at approximately $5,550,644.64. The disclosure for this sale can be found here. Insiders have sold 10,258 shares of company stock worth $1,525,940 in the last ninety days. Corporate insiders own 0.31% of the company’s stock.
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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