Elmwood Wealth Management Inc. Sells 223 Shares of Walt Disney Co (NYSE:DIS)

Elmwood Wealth Management Inc. decreased its position in Walt Disney Co (NYSE:DIS) by 3.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,287 shares of the entertainment giant’s stock after selling 223 shares during the quarter. Elmwood Wealth Management Inc.’s holdings in Walt Disney were worth $1,054,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DIS. Sunbelt Securities Inc. grew its holdings in Walt Disney by 1,052.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 25,999 shares of the entertainment giant’s stock worth $3,388,000 after acquiring an additional 23,744 shares during the last quarter. Adams Diversified Equity Fund Inc. grew its holdings in Walt Disney by 103.6% during the 3rd quarter. Adams Diversified Equity Fund Inc. now owns 140,100 shares of the entertainment giant’s stock worth $18,258,000 after acquiring an additional 71,300 shares during the last quarter. New York State Teachers Retirement System grew its holdings in Walt Disney by 0.4% during the 3rd quarter. New York State Teachers Retirement System now owns 2,620,674 shares of the entertainment giant’s stock worth $341,526,000 after acquiring an additional 11,718 shares during the last quarter. Riggs Asset Managment Co. Inc. grew its holdings in Walt Disney by 69.6% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 47,347 shares of the entertainment giant’s stock worth $6,170,000 after acquiring an additional 19,426 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in Walt Disney by 0.3% during the 3rd quarter. California State Teachers Retirement System now owns 3,169,044 shares of the entertainment giant’s stock worth $412,990,000 after acquiring an additional 8,002 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

DIS has been the topic of a number of research analyst reports. Moffett Nathanson reissued a “buy” rating and set a $165.00 price objective on shares of Walt Disney in a report on Wednesday, February 5th. Cowen increased their price objective on shares of Walt Disney from $154.00 to $159.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Deutsche Bank increased their price objective on shares of Walt Disney from $132.00 to $139.00 and gave the stock a “hold” rating in a report on Friday, November 15th. Consumer Edge initiated coverage on shares of Walt Disney in a report on Monday, November 25th. They set an “overweight” rating and a $175.00 price objective on the stock. Finally, Loop Capital increased their price objective on shares of Walt Disney from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Seven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $160.36.

Walt Disney stock opened at $140.90 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.75 and a debt-to-equity ratio of 0.40. Walt Disney Co has a 1 year low of $107.32 and a 1 year high of $153.41. The company has a market cap of $254.39 billion, a PE ratio of 22.51, a PEG ratio of 5.21 and a beta of 1.00. The company’s 50-day moving average is $143.04 and its two-hundred day moving average is $139.53.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, February 4th. The entertainment giant reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.09. Walt Disney had a net margin of 13.81% and a return on equity of 10.23%. The company had revenue of $20.86 billion for the quarter, compared to the consensus estimate of $20.84 billion. During the same period in the prior year, the company posted $1.84 EPS. The company’s revenue was up 36.3% compared to the same quarter last year. Research analysts forecast that Walt Disney Co will post 5.38 EPS for the current year.

The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were given a dividend of $0.88 per share. The ex-dividend date was Friday, December 13th. This represents a yield of 1.2%. Walt Disney’s payout ratio is presently 30.50%.

In other Walt Disney news, EVP Alan N. Braverman sold 3,107 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $146.14, for a total transaction of $454,056.98. Following the transaction, the executive vice president now directly owns 104,358 shares in the company, valued at approximately $15,250,878.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Brent Woodford sold 4,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $152.16, for a total transaction of $608,640.00. Following the completion of the sale, the executive vice president now owns 36,479 shares in the company, valued at $5,550,644.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,258 shares of company stock worth $1,525,940. Corporate insiders own 0.31% of the company’s stock.

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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