Iron Financial LLC Acquires 1,005 Shares of Walt Disney Co (NYSE:DIS)
Iron Financial LLC increased its holdings in shares of Walt Disney Co (NYSE:DIS) by 33.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,044 shares of the entertainment giant’s stock after acquiring an additional 1,005 shares during the quarter. Iron Financial LLC’s holdings in Walt Disney were worth $449,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Oregon Public Employees Retirement Fund raised its stake in shares of Walt Disney by 14,778.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 53,195,820 shares of the entertainment giant’s stock valued at $485,000 after buying an additional 52,838,274 shares during the period. FMR LLC raised its stake in shares of Walt Disney by 37.2% in the first quarter. FMR LLC now owns 33,901,641 shares of the entertainment giant’s stock valued at $3,764,098,000 after buying an additional 9,190,235 shares during the period. BlackRock Inc. raised its stake in shares of Walt Disney by 6.5% in the fourth quarter. BlackRock Inc. now owns 92,790,946 shares of the entertainment giant’s stock valued at $10,174,527,000 after buying an additional 5,639,712 shares during the period. Cortland Advisers LLC bought a new stake in shares of Walt Disney in the fourth quarter valued at $118,918,000. Finally, Clearbridge Investments LLC raised its stake in shares of Walt Disney by 10.5% in the first quarter. Clearbridge Investments LLC now owns 10,855,844 shares of the entertainment giant’s stock valued at $1,205,324,000 after buying an additional 1,031,035 shares during the period. Institutional investors and hedge funds own 64.27% of the company’s stock.
In related news, EVP Zenia B. Mucha sold 49,561 shares of the business’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $140.00, for a total transaction of $6,938,540.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brent Woodford sold 2,200 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $138.23, for a total value of $304,106.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 154,423 shares of company stock valued at $21,743,165. 0.36% of the stock is owned by company insiders.
Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.41). The company had revenue of $20.25 billion during the quarter, compared to analysts’ expectations of $21.40 billion. Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. Walt Disney’s revenue for the quarter was up 32.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.87 earnings per share. On average, sell-side analysts predict that Walt Disney Co will post 6 EPS for the current year.
The business also recently declared a Semi-Annual dividend, which was paid on Thursday, July 25th. Stockholders of record on Monday, July 8th were given a $0.88 dividend. The ex-dividend date was Friday, July 5th. Walt Disney’s dividend payout ratio (DPR) is presently 24.86%.
Several brokerages have issued reports on DIS. Loop Capital boosted their target price on Walt Disney to $165.00 and gave the company a “buy” rating in a research note on Friday, June 14th. JPMorgan Chase & Co. restated a “buy” rating and issued a $150.00 target price on shares of Walt Disney in a research note on Wednesday, August 7th. BMO Capital Markets boosted their target price on Walt Disney from $140.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. Zacks Investment Research upgraded Walt Disney from a “strong sell” rating to a “hold” rating and set a $120.00 target price on the stock in a research note on Tuesday, July 9th. Finally, Imperial Capital lowered their target price on Walt Disney from $147.00 to $140.00 and set an “in-line” rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $148.22.
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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