RNC Capital Management LLC Increases Holdings in Walt Disney Co (NYSE:DIS)

RNC Capital Management LLC grew its holdings in shares of Walt Disney Co (NYSE:DIS) by 5.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,547 shares of the entertainment giant’s stock after buying an additional 1,577 shares during the quarter. RNC Capital Management LLC’s holdings in Walt Disney were worth $4,126,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. grew its position in Walt Disney by 13.3% during the 4th quarter. Advisors Asset Management Inc. now owns 44,006 shares of the entertainment giant’s stock worth $4,825,000 after acquiring an additional 5,162 shares during the last quarter. Gantzert Investment Co. LLC ADV bought a new stake in shares of Walt Disney in the 4th quarter valued at about $2,277,000. ETF Managers Group LLC grew its position in shares of Walt Disney by 15.8% in the 4th quarter. ETF Managers Group LLC now owns 1,298 shares of the entertainment giant’s stock valued at $142,000 after buying an additional 177 shares during the last quarter. Baldwin Brothers Inc. MA grew its position in shares of Walt Disney by 2.0% in the 4th quarter. Baldwin Brothers Inc. MA now owns 13,252 shares of the entertainment giant’s stock valued at $1,453,000 after buying an additional 260 shares during the last quarter. Finally, M&T Bank Corp grew its position in shares of Walt Disney by 2.9% in the 4th quarter. M&T Bank Corp now owns 632,933 shares of the entertainment giant’s stock valued at $69,400,000 after buying an additional 17,731 shares during the last quarter. Hedge funds and other institutional investors own 64.09% of the company’s stock.

A number of equities research analysts have commented on the company. Imperial Capital upped their price target on Walt Disney from $139.00 to $147.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. BMO Capital Markets upped their price target on Walt Disney from $140.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. Barclays upped their price target on Walt Disney from $130.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Guggenheim reiterated a “buy” rating and issued a $157.00 price target on shares of Walt Disney in a research report on Tuesday, April 23rd. Finally, Bank of America set a $168.00 price target on Walt Disney and gave the company a “buy” rating in a research report on Monday, June 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $148.61.

Shares of NYSE:DIS opened at $138.52 on Friday. The firm has a market cap of $242.71 billion, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 4.07 and a beta of 0.96. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.70 and a quick ratio of 0.74. The company has a 50-day simple moving average of $141.69. Walt Disney Co has a 1 year low of $100.35 and a 1 year high of $147.15.

Walt Disney (NYSE:DIS) last announced its quarterly earnings data on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.41). The business had revenue of $20.25 billion during the quarter, compared to analyst estimates of $21.40 billion. Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. The firm’s revenue for the quarter was up 32.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.87 earnings per share. Research analysts predict that Walt Disney Co will post 6.35 EPS for the current fiscal year.

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

In other news, EVP Zenia B. Mucha sold 49,561 shares of the business’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $140.00, for a total value of $6,938,540.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Brent Woodford sold 2,200 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $138.23, for a total value of $304,106.00. The disclosure for this sale can be found here. Insiders sold a total of 158,423 shares of company stock worth $22,284,125 over the last three months. 0.36% of the stock is owned by company insiders.

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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