Factory Mutual Insurance Co. Has $101.75 Million Position in Walt Disney Co (DIS)
Factory Mutual Insurance Co. lifted its holdings in Walt Disney Co (NYSE:DIS) by 0.6% in the second quarter, Holdings Channel reports. The fund owned 970,800 shares of the entertainment giant’s stock after purchasing an additional 5,500 shares during the quarter. Walt Disney makes up 1.1% of Factory Mutual Insurance Co.’s holdings, making the stock its 24th biggest holding. Factory Mutual Insurance Co.’s holdings in Walt Disney were worth $101,749,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. Trilogy Capital Inc. bought a new stake in Walt Disney in the first quarter worth about $107,000. Avestar Capital LLC bought a new stake in Walt Disney in the fourth quarter worth about $108,000. Live Your Vision LLC lifted its stake in Walt Disney by 91.6% in the second quarter. Live Your Vision LLC now owns 1,046 shares of the entertainment giant’s stock worth $113,000 after purchasing an additional 500 shares during the last quarter. BDO Wealth Advisors LLC lifted its stake in Walt Disney by 184.3% in the first quarter. BDO Wealth Advisors LLC now owns 1,140 shares of the entertainment giant’s stock worth $114,000 after purchasing an additional 739 shares during the last quarter. Finally, Icon Wealth Partners LLC bought a new stake in Walt Disney in the fourth quarter worth about $116,000. 63.63% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $140.00 price objective on shares of Walt Disney in a research note on Wednesday, August 8th. Imperial Capital raised their price objective on shares of Walt Disney from $108.00 to $112.00 and gave the stock an “inline” rating in a research note on Wednesday, August 8th. BMO Capital Markets raised their price objective on shares of Walt Disney from $100.00 to $110.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 8th. Bank of America set a $144.00 price objective on shares of Walt Disney and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Finally, B. Riley decreased their price objective on shares of Walt Disney from $123.00 to $121.00 and set a “buy” rating for the company in a research note on Wednesday, August 8th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $118.92.
Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, August 7th. The entertainment giant reported $1.87 EPS for the quarter, missing the Zacks’ consensus estimate of $1.97 by ($0.10). The company had revenue of $15.23 billion for the quarter, compared to analysts’ expectations of $15.49 billion. Walt Disney had a return on equity of 21.37% and a net margin of 20.76%. During the same period last year, the business posted $1.58 earnings per share. sell-side analysts anticipate that Walt Disney Co will post 6.96 earnings per share for the current year.
The firm also recently disclosed a semiannual dividend, which was paid on Thursday, July 26th. Investors of record on Monday, July 9th were issued a dividend of $0.84 per share. This represents a yield of 1.62%. This is a positive change from Walt Disney’s previous semiannual dividend of $0.78. The ex-dividend date of this dividend was Friday, July 6th. Walt Disney’s dividend payout ratio (DPR) is presently 29.47%.
In related news, EVP Brent Woodford sold 768 shares of Walt Disney stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $104.35, for a total transaction of $80,140.80. Following the transaction, the executive vice president now directly owns 28,493 shares of the company’s stock, valued at $2,973,244.55. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Robert A. Iger sold 437,679 shares of Walt Disney stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $115.00, for a total transaction of $50,333,085.00. Following the transaction, the chairman now directly owns 1,498,871 shares in the company, valued at $172,370,165. The disclosure for this sale can be found here. Over the last three months, insiders have sold 710,002 shares of company stock worth $80,514,432. 0.38% of the stock is currently owned by corporate insiders.
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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