Walt Disney Co (DIS) Stake Increased by Winthrop Advisory Group LLC

Winthrop Advisory Group LLC grew its holdings in shares of Walt Disney Co (NYSE:DIS) by 32.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,033 shares of the entertainment giant’s stock after acquiring an additional 2,447 shares during the period. Walt Disney comprises about 0.7% of Winthrop Advisory Group LLC’s investment portfolio, making the stock its 20th biggest holding. Winthrop Advisory Group LLC’s holdings in Walt Disney were worth $1,173,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in DIS. Phocas Financial Corp. lifted its position in shares of Walt Disney by 989,639.9% during the second quarter. Phocas Financial Corp. now owns 67,054,876 shares of the entertainment giant’s stock worth $703,000 after purchasing an additional 67,048,101 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Walt Disney by 22.2% in the second quarter. Dimensional Fund Advisors LP now owns 6,228,738 shares of the entertainment giant’s stock worth $652,841,000 after acquiring an additional 1,129,743 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Walt Disney by 2.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 5,966,257 shares of the entertainment giant’s stock worth $625,324,000 after acquiring an additional 159,265 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Walt Disney by 5.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,979,316 shares of the entertainment giant’s stock worth $521,882,000 after acquiring an additional 254,293 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Walt Disney by 2.6% in the second quarter. Swiss National Bank now owns 4,971,428 shares of the entertainment giant’s stock worth $521,055,000 after acquiring an additional 125,900 shares during the last quarter. Institutional investors own 62.99% of the company’s stock.

In other news, EVP Mary Jayne Parker sold 29,192 shares of Walt Disney stock in a transaction that occurred on Wednesday, October 3rd. The stock was sold at an average price of $117.99, for a total transaction of $3,444,364.08. Following the sale, the executive vice president now owns 29,199 shares of the company’s stock, valued at $3,445,190.01. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Robert A. Iger sold 47,733 shares of the firm’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $120.00, for a total transaction of $5,727,960.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,886 shares of company stock worth $9,284,819. Corporate insiders own 0.38% of the company’s stock.

DIS opened at $111.98 on Friday. The company has a market cap of $170.20 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 0.32. Walt Disney Co has a twelve month low of $97.68 and a twelve month high of $120.20.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 8th. The entertainment giant reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.17. The company had revenue of $14.30 billion for the quarter, compared to analysts’ expectations of $13.76 billion. Walt Disney had a return on equity of 21.43% and a net margin of 21.20%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 earnings per share. As a group, analysts anticipate that Walt Disney Co will post 7.04 earnings per share for the current year.

The firm also recently declared a semiannual dividend, which will be paid on Thursday, January 10th. Stockholders of record on Monday, December 10th will be issued a dividend of $0.88 per share. This represents a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, December 7th. This is a boost from Walt Disney’s previous semiannual dividend of $0.84. Walt Disney’s payout ratio is 23.73%.

A number of equities analysts have issued reports on the stock. ValuEngine raised shares of Walt Disney from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Loop Capital raised their target price on shares of Walt Disney to $130.00 and gave the stock a “buy” rating in a report on Friday, November 9th. Argus raised their target price on shares of Walt Disney from $129.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, November 12th. Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Monday, October 1st. Finally, B. Riley reissued a “neutral” rating on shares of Walt Disney in a report on Friday, November 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Walt Disney currently has an average rating of “Buy” and an average price target of $122.39.

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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 services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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