Johanson Financial Advisors Inc. lifted its stake in Walt Disney Co (NYSE:DIS) by 54.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,893 shares of the entertainment giant’s stock after purchasing an additional 5,245 shares during the quarter. Walt Disney accounts for 1.1% of Johanson Financial Advisors Inc.’s portfolio, making the stock its 29th largest position. Johanson Financial Advisors Inc.’s holdings in Walt Disney were worth $2,083,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Glenview State Bank Trust DEPT. increased its holdings in Walt Disney by 0.5% in the second quarter. Glenview State Bank Trust DEPT. now owns 15,057 shares of the entertainment giant’s stock worth $2,103,000 after buying an additional 70 shares during the last quarter. Aft Forsyth & Company Inc. increased its holdings in Walt Disney by 0.9% in the second quarter. Aft Forsyth & Company Inc. now owns 7,705 shares of the entertainment giant’s stock worth $1,076,000 after buying an additional 70 shares during the last quarter. Altfest L J & Co. Inc. increased its holdings in Walt Disney by 0.5% in the second quarter. Altfest L J & Co. Inc. now owns 13,978 shares of the entertainment giant’s stock worth $1,952,000 after buying an additional 74 shares during the last quarter. Botty Investors LLC increased its holdings in Walt Disney by 4.8% in the second quarter. Botty Investors LLC now owns 1,650 shares of the entertainment giant’s stock worth $230,000 after buying an additional 75 shares during the last quarter. Finally, Wealthquest Corp increased its holdings in Walt Disney by 1.6% in the second quarter. Wealthquest Corp now owns 4,772 shares of the entertainment giant’s stock worth $666,000 after buying an additional 76 shares during the last quarter. 64.50% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently commented on DIS. Barclays increased their price objective on Walt Disney from $130.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Zacks Investment Research upgraded Walt Disney from a “strong sell” rating to a “hold” rating and set a $120.00 price objective on the stock in a report on Tuesday, July 9th. Loop Capital increased their price target on Walt Disney to $165.00 and gave the company a “buy” rating in a report on Friday, June 14th. Needham & Company LLC reiterated a “hold” rating on shares of Walt Disney in a report on Wednesday, August 7th. Finally, UBS Group increased their price target on Walt Disney from $128.00 to $165.00 and gave the company a “buy” rating in a report on Monday, May 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $148.61.
Shares of DIS stock opened at $134.78 on Wednesday. Walt Disney Co has a 12 month low of $100.35 and a 12 month high of $147.15. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.67 and a current ratio of 0.70. The company’s 50 day moving average is $141.50. The firm has a market capitalization of $249.53 billion, a P/E ratio of 18.96, a PEG ratio of 4.33 and a beta of 0.96.
Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.41). The company had revenue of $20.25 billion during the quarter, compared to analyst estimates of $21.40 billion. Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. The company’s revenue was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.87 EPS. On average, sell-side analysts expect that Walt Disney Co will post 6.35 earnings per share for the current fiscal year.
The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, July 25th. Stockholders of record on Monday, July 8th were paid a $0.88 dividend. The ex-dividend date of this dividend was Friday, July 5th. Walt Disney’s payout ratio is 24.86%.
In other news, EVP Alan N. Braverman sold 94,462 shares of the firm’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $141.18, for a total value of $13,336,145.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Brent Woodford sold 2,000 shares of the firm’s 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 worth $22,284,125. 0.36% of the stock is currently owned by corporate insiders.
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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