HM Payson & Co. Lowers Stake in Walt Disney Co (DIS)

HM Payson & Co. trimmed its position in Walt Disney Co (NYSE:DIS) by 8.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,269 shares of the entertainment giant’s stock after selling 4,351 shares during the quarter. HM Payson & Co.’s holdings in Walt Disney were worth $5,762,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DIS. Clearbridge Investments LLC boosted its holdings in Walt Disney by 2.1% during the third quarter. Clearbridge Investments LLC now owns 9,031,930 shares of the entertainment giant’s stock worth $1,056,194,000 after buying an additional 189,866 shares during the last quarter. JGP Wealth Management LLC boosted its holdings in Walt Disney by 2.6% during the third quarter. JGP Wealth Management LLC now owns 28,214 shares of the entertainment giant’s stock worth $3,296,000 after buying an additional 728 shares during the last quarter. Reynders McVeigh Capital Management LLC boosted its holdings in Walt Disney by 2.1% during the third quarter. Reynders McVeigh Capital Management LLC now owns 238,094 shares of the entertainment giant’s stock worth $27,843,000 after buying an additional 4,891 shares during the last quarter. Belpointe Asset Management LLC boosted its holdings in Walt Disney by 73.1% during the third quarter. Belpointe Asset Management LLC now owns 8,458 shares of the entertainment giant’s stock worth $989,000 after buying an additional 3,572 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Walt Disney by 0.5% during the third quarter. Vanguard Group Inc. now owns 103,729,219 shares of the entertainment giant’s stock worth $12,130,095,000 after buying an additional 553,232 shares during the last quarter. Hedge funds and other institutional investors own 62.99% of the company’s stock.

In other news, EVP Alan N. Braverman sold 1,153 shares of Walt Disney stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $107.70, for a total transaction of $124,178.10. Following the transaction, the executive vice president now owns 106,390 shares in the company, valued at approximately $11,458,203. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brent Woodford sold 4,500 shares of Walt Disney stock in a transaction dated Wednesday, December 12th. The shares were sold at an average price of $113.04, for a total value of $508,680.00. Following the transaction, the executive vice president now owns 37,495 shares in the company, valued at approximately $4,238,434.80. The disclosure for this sale can be found here. Insiders have sold a total of 60,381 shares of company stock worth $7,117,444 in the last quarter. 0.36% of the stock is currently owned by company insiders.

DIS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a report on Thursday, January 17th. ValuEngine upgraded Walt Disney from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Credit Suisse Group restated a “hold” rating and set a $114.00 target price on shares of Walt Disney in a report on Tuesday, January 22nd. Loop Capital raised their target price on Walt Disney to $130.00 and gave the stock a “buy” rating in a report on Friday, November 9th. Finally, Barclays upgraded Walt Disney from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $104.00 to $130.00 in a report on Friday, October 19th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Walt Disney currently has a consensus rating of “Buy” and a consensus price target of $123.73.

NYSE:DIS opened at $112.66 on Wednesday. Walt Disney Co has a fifty-two week low of $97.68 and a fifty-two week high of $120.20. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 0.32. The stock has a market cap of $166.66 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 1.93 and a beta of 0.96.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 5th. The entertainment giant reported $1.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.27. Walt Disney had a return on equity of 21.43% and a net margin of 21.20%. The business had revenue of $15.30 billion for the quarter, compared to analysts’ expectations of $15.20 billion. During the same quarter in the previous year, the business posted $1.89 EPS. Walt Disney’s revenue for the quarter was down .3% on a year-over-year basis. As a group, equities analysts expect that Walt Disney Co will post 7.01 EPS for the current fiscal year.

The firm also recently disclosed a semiannual dividend, which was paid on Thursday, January 10th. Stockholders of record on Monday, December 10th were issued a dividend of $0.88 per share. This represents a dividend yield of 1.51%. The ex-dividend date of this dividend was Friday, December 7th. This is a boost from Walt Disney’s previous semiannual dividend of $0.84. Walt Disney’s payout ratio is 24.86%.

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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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