Walt Disney Co (NYSE:DIS) Shares Sold by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. lessened its stake in shares of Walt Disney Co (NYSE:DIS) by 2.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,152 shares of the entertainment giant’s stock after selling 390 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Walt Disney were worth $1,837,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its holdings in Walt Disney by 14,778.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 53,195,820 shares of the entertainment giant’s stock valued at $485,000 after acquiring an additional 52,838,274 shares during the last quarter. FMR LLC raised its holdings in Walt Disney by 37.2% in the 1st quarter. FMR LLC now owns 33,901,641 shares of the entertainment giant’s stock valued at $3,764,098,000 after acquiring an additional 9,190,235 shares during the last quarter. BlackRock Inc. raised its holdings in Walt Disney by 6.5% in the 4th quarter. BlackRock Inc. now owns 92,790,946 shares of the entertainment giant’s stock valued at $10,174,527,000 after acquiring an additional 5,639,712 shares during the last quarter. Cortland Advisers LLC acquired a new stake in Walt Disney in the 4th quarter valued at about $118,918,000. Finally, Clearbridge Investments LLC raised its holdings in Walt Disney by 10.5% in the 1st quarter. Clearbridge Investments LLC now owns 10,855,844 shares of the entertainment giant’s stock valued at $1,205,324,000 after acquiring an additional 1,031,035 shares during the last quarter. Hedge funds and other institutional investors own 64.27% of the company’s stock.

NYSE:DIS opened at $136.41 on Thursday. 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 stock has a market capitalization of $243.71 billion, a P/E ratio of 19.27, a PEG ratio of 4.46 and a beta of 0.96. The company has a 50 day moving average price of $140.69 and a 200 day moving average price of $129.06. Walt Disney Co has a fifty-two week low of $100.35 and a fifty-two week high of $147.15.

Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.41). The company had revenue of $20.25 billion for the quarter, compared to analysts’ expectations of $21.40 billion. Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. The business’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.87 EPS. Research analysts forecast that Walt Disney Co will post 6 earnings per share for the current fiscal year.

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

A number of research firms have commented on DIS. Credit Suisse Group reiterated a “buy” rating and issued a $150.00 price objective on shares of Walt Disney in a report on Thursday, August 8th. Bank of America set a $168.00 price objective on shares of Walt Disney and gave the company a “buy” rating in a report on Monday, June 24th. Rosenblatt Securities reissued a “buy” rating and issued a $175.00 price target on shares of Walt Disney in a research note on Monday, May 6th. Citigroup reissued a “buy” rating and issued a $160.00 price target (up previously from $132.00) on shares of Walt Disney in a research note on Thursday, June 6th. Finally, Imperial Capital dropped their price target on shares of Walt Disney from $147.00 to $140.00 and set an “in-line” rating for the company in a research note on Tuesday. One 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 company presently has a consensus rating of “Buy” and an average price target of $148.22.

In related news, EVP Brent Woodford sold 6,200 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $141.27, for a total transaction of $875,874.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alan N. Braverman sold 94,462 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $141.18, for a total transaction of $13,336,145.16. The disclosure for this sale can be found here. Insiders have sold a total of 154,423 shares of company stock valued at $21,743,165 in the last ninety days. 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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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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