Rikoon Group LLC lifted its position in shares of Walt Disney Co (NYSE:DIS) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,253 shares of the entertainment giant’s stock after acquiring an additional 425 shares during the period. Walt Disney accounts for 1.0% of Rikoon Group LLC’s portfolio, making the stock its 27th biggest holding. Rikoon Group LLC’s holdings in Walt Disney were worth $2,929,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Kanawha Capital Management LLC grew its holdings in Walt Disney by 1.6% in the second quarter. Kanawha Capital Management LLC now owns 65,636 shares of the entertainment giant’s stock worth $9,165,000 after purchasing an additional 1,033 shares during the period. Arjuna Capital increased its stake in shares of Walt Disney by 0.8% during the second quarter. Arjuna Capital now owns 14,976 shares of the entertainment giant’s stock valued at $2,091,000 after purchasing an additional 119 shares in the last quarter. Bernardo Wealth Planning LLC lifted its holdings in shares of Walt Disney by 5.6% during the second quarter. Bernardo Wealth Planning LLC now owns 4,541 shares of the entertainment giant’s stock valued at $634,000 after purchasing an additional 242 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Walt Disney by 67.9% during the second quarter. Victory Capital Management Inc. now owns 176,624 shares of the entertainment giant’s stock valued at $24,664,000 after purchasing an additional 71,419 shares during the last quarter. Finally, River & Mercantile Asset Management LLP purchased a new position in shares of Walt Disney during the second quarter valued at approximately $16,325,000. Institutional investors and hedge funds own 64.29% of the company’s stock.
In other Walt Disney news, CFO Christine M. Mccarthy sold 4,617 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $139.20, for a total transaction of $642,686.40. Following the sale, the chief financial officer now directly owns 135,756 shares of the company’s stock, valued at approximately $18,897,235.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alan N. Braverman sold 1,113 shares of the stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $146.32, for a total value of $162,854.16. Following the sale, the executive vice president now directly owns 102,789 shares in the company, valued at $15,040,086.48. The disclosure for this sale can be found here. Insiders sold 18,837 shares of company stock valued at $2,759,138 over the last 90 days. 0.36% of the stock is currently owned by corporate insiders.
Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 7th. The entertainment giant reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.12. Walt Disney had a return on equity of 11.38% and a net margin of 15.89%. The business had revenue of $19.10 billion during the quarter, compared to analysts’ expectations of $19.02 billion. During the same period in the prior year, the business earned $1.48 EPS. The business’s revenue for the quarter was up 33.6% compared to the same quarter last year. On average, equities analysts anticipate that Walt Disney Co will post 5.34 earnings per share for the current fiscal year.
The company also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 16th were paid a dividend of $0.88 per share. The ex-dividend date was Friday, December 13th. This represents a dividend yield of 1.2%. Walt Disney’s dividend payout ratio is currently 30.50%.
A number of equities research analysts have recently commented on the company. Needham & Company LLC reissued a “hold” rating on shares of Walt Disney in a research note on Friday, September 27th. UBS Group upped their price target on shares of Walt Disney from $155.00 to $162.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $160.00 target price on shares of Walt Disney in a report on Monday, November 25th. Loop Capital boosted their price target on Walt Disney from $165.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $175.00 price target on shares of Walt Disney in a research report on Thursday, January 2nd. Seven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $154.18.
Walt Disney Company 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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