Osborne Partners Capital Management LLC Sells 1,137 Shares of Walt Disney Co (NYSE:DIS)

Osborne Partners Capital Management LLC cut its stake in shares of Walt Disney Co (NYSE:DIS) by 1.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,976 shares of the entertainment giant’s stock after selling 1,137 shares during the quarter. Walt Disney makes up approximately 2.0% of Osborne Partners Capital Management LLC’s holdings, making the stock its 11th biggest position. Osborne Partners Capital Management LLC’s holdings in Walt Disney were worth $10,470,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Trinity Street Asset Management LLP bought a new position in Walt Disney in the 2nd quarter worth approximately $32,686,000. Accuvest Global Advisors bought a new position in Walt Disney in the 2nd quarter worth approximately $978,000. Centerpoint Advisors LLC boosted its stake in Walt Disney by 276.5% in the 2nd quarter. Centerpoint Advisors LLC now owns 192 shares of the entertainment giant’s stock worth $27,000 after purchasing an additional 141 shares during the period. Wealth Alliance Advisory Group LLC bought a new position in Walt Disney in the 2nd quarter worth approximately $202,000. Finally, Mechanics Bank Trust Department boosted its stake in Walt Disney by 2.9% in the 2nd quarter. Mechanics Bank Trust Department now owns 14,244 shares of the entertainment giant’s stock worth $1,989,000 after purchasing an additional 395 shares during the period. Institutional investors own 64.14% of the company’s stock.

In related news, EVP Brent Woodford sold 2,200 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $138.23, for a total transaction of $304,106.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Zenia B. Mucha sold 49,561 shares of the stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $140.00, for a total value of $6,938,540.00. The disclosure for this sale can be found here. Insiders have sold a total of 158,423 shares of company stock worth $22,284,125 in the last 90 days. 0.36% of the stock is currently owned by insiders.

DIS has been the subject of several recent analyst reports. Bank of America set a $168.00 price target on Walt Disney and gave the stock a “buy” rating in a research note on Monday, June 24th. Loop Capital increased their target price on Walt Disney to $165.00 and gave the company a “buy” rating in a research report on Friday, June 14th. JPMorgan Chase & Co. assumed coverage on Walt Disney in a research report on Friday, April 12th. They set an “overweight” rating and a $137.00 target price for the company. Rosenblatt Securities reiterated a “buy” rating and set a $175.00 target price on shares of Walt Disney in a research report on Monday, May 6th. Finally, Guggenheim reiterated a “buy” rating and set a $157.00 target price on shares of Walt Disney in a research report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $144.89.

Shares of NYSE DIS traded down $0.14 during midday trading on Friday, reaching $141.71. 6,536,172 shares of the stock traded hands, compared to its average volume of 7,079,343. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $257.37 billion, a PE ratio of 20.02, a PEG ratio of 4.32 and a beta of 0.96. Walt Disney Co has a one year low of $100.35 and a one year high of $147.15. The stock has a 50 day moving average of $141.98.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.02. Walt Disney had a return on equity of 15.67% and a net margin of 22.55%. The company had revenue of $14.92 billion for the quarter, compared to analyst estimates of $14.53 billion. During the same quarter in the prior year, the firm posted $1.84 EPS. Walt Disney’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts forecast that Walt Disney Co will post 6.57 earnings per share for the current fiscal year.

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, July 25th. Investors of record on Monday, July 8th were issued a dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, July 5th. Walt Disney’s payout ratio is presently 24.86%.

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

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