Sitrin Capital Management LLC Takes Position in Walt Disney Co (NYSE:DIS)

Sitrin Capital Management LLC bought a new stake in Walt Disney Co (NYSE:DIS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,467 shares of the entertainment giant’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIS. Altfest L J & Co. Inc. lifted its holdings in Walt Disney by 0.5% during the second quarter. Altfest L J & Co. Inc. now owns 13,978 shares of the entertainment giant’s stock worth $1,952,000 after acquiring an additional 74 shares in the last quarter. West Oak Capital LLC lifted its holdings in Walt Disney by 1.7% during the second quarter. West Oak Capital LLC now owns 4,910 shares of the entertainment giant’s stock worth $686,000 after acquiring an additional 81 shares in the last quarter. Harbour Capital Advisors LLC lifted its holdings in Walt Disney by 0.6% during the second quarter. Harbour Capital Advisors LLC now owns 16,384 shares of the entertainment giant’s stock worth $2,288,000 after acquiring an additional 92 shares in the last quarter. Stockman Wealth Management Inc. lifted its holdings in Walt Disney by 1.0% during the fourth quarter. Stockman Wealth Management Inc. now owns 9,392 shares of the entertainment giant’s stock worth $1,030,000 after acquiring an additional 95 shares in the last quarter. Finally, Crewe Advisors LLC lifted its holdings in Walt Disney by 55.6% during the fourth quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock worth $31,000 after acquiring an additional 100 shares in the last quarter. 64.14% of the stock is owned by institutional investors.

DIS has been the topic of several recent analyst reports. ValuEngine upgraded Yandex from a “hold” rating to a “buy” rating in a report on Saturday, April 13th. Credit Suisse Group set a €38.00 ($44.19) target price on Dialog Semiconductor and gave the stock a “buy” rating in a report on Thursday, May 9th. BTIG Research began coverage on Forestar Group in a report on Monday, April 15th. They issued a “buy” rating and a $23.00 price target on the stock. JPMorgan Chase & Co. set a €78.00 ($90.70) price target on Porsche Automobil and gave the company a “neutral” rating in a report on Friday, April 12th. Finally, Morgan Stanley restated an “overweight” rating and issued a GBX 4,000 ($52.27) price target on shares of in a report on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $144.89.

Shares of NYSE:DIS traded down $0.94 during midday trading on Wednesday, reaching $143.99. The company had a trading volume of 4,594,478 shares, compared to its average volume of 6,717,181. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.74 and a current ratio of 0.77. The company’s 50 day moving average is $141.71. The firm has a market capitalization of $260.33 billion, a PE ratio of 20.34, a PEG ratio of 4.37 and a beta of 0.96. Walt Disney Co has a 1-year low of $100.35 and a 1-year high of $147.15.

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

The business also recently announced a Semi-Annual dividend, which was paid on Thursday, July 25th. Investors 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 is currently 24.86%.

In other Walt Disney news, EVP Zenia B. Mucha sold 49,561 shares of the business’s stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $140.00, for a total transaction of $6,938,540.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Brent Woodford sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $144.25, for a total value of $288,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 158,423 shares of company stock worth $22,284,125. 0.36% of the stock is owned by company 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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