Walt Disney Co (NYSE:DIS) Shares Sold by TLW Wealth Management LLC

TLW Wealth Management LLC trimmed its position in Walt Disney Co (NYSE:DIS) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,686 shares of the entertainment giant’s stock after selling 470 shares during the quarter. Walt Disney makes up 6.6% of TLW Wealth Management LLC’s portfolio, making the stock its biggest position. TLW Wealth Management LLC’s holdings in Walt Disney were worth $6,380,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Altfest L J & Co. Inc. grew its position in shares of Walt Disney by 0.5% in the 2nd quarter. Altfest L J & Co. Inc. now owns 13,978 shares of the entertainment giant’s stock valued at $1,952,000 after purchasing an additional 74 shares during the period. Wealthquest Corp grew its position in shares of Walt Disney by 1.6% in the 2nd quarter. Wealthquest Corp now owns 4,772 shares of the entertainment giant’s stock valued at $666,000 after purchasing an additional 76 shares during the period. West Oak Capital LLC grew its position in shares of Walt Disney by 1.7% in the 2nd quarter. West Oak Capital LLC now owns 4,910 shares of the entertainment giant’s stock valued at $686,000 after purchasing an additional 81 shares during the period. Field & Main Bank grew its position in shares of Walt Disney by 0.5% in the 2nd quarter. Field & Main Bank now owns 16,946 shares of the entertainment giant’s stock valued at $2,366,000 after purchasing an additional 85 shares during the period. Finally, Guidant Wealth Advisors grew its position in shares of Walt Disney by 4.3% in the 2nd quarter. Guidant Wealth Advisors now owns 2,101 shares of the entertainment giant’s stock valued at $293,000 after purchasing an additional 87 shares during the period. Hedge funds and other institutional investors own 64.09% of the company’s stock.

In other news, EVP Zenia B. Mucha sold 49,561 shares of the company’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 legal filing with the SEC, which is accessible through this link. Also, EVP Brent Woodford sold 2,000 shares of the company’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. Insiders sold a total of 158,423 shares of company stock worth $22,284,125 in the last 90 days. Company insiders own 0.36% of the company’s stock.

DIS has been the subject of several research analyst reports. Loop Capital boosted their price objective on Walt Disney to $165.00 and gave the company a “buy” rating in a research report on Friday, June 14th. Bank of America set a $168.00 price objective on Walt Disney and gave the company a “buy” rating in a research report on Monday, June 24th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $150.00 price objective on shares of Walt Disney in a research report on Wednesday. Barclays boosted their price objective on Walt Disney from $130.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Finally, Zacks Investment Research upgraded Walt Disney from a “strong sell” rating to a “hold” rating and set a $120.00 price objective for the company in a research report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $148.61.

NYSE DIS traded up $0.63 during trading on Friday, hitting $138.52. The stock had a trading volume of 8,504,811 shares, compared to its average volume of 9,583,727. The firm has a market cap of $248.39 billion, a P/E ratio of 19.56, a PEG ratio of 4.31 and a beta of 0.96. The company has a 50-day moving average price of $141.69. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.70 and a quick ratio of 0.74. Walt Disney Co has a 12 month low of $100.35 and a 12 month high of $147.15.

Walt Disney (NYSE:DIS) last released its earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.41). The firm had revenue of $20.25 billion during the quarter, compared to the consensus estimate of $21.40 billion. Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. The company’s revenue was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.87 EPS. Sell-side analysts expect that Walt Disney Co will post 6.35 EPS for the current year.

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

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.

Further Reading: What is an Initial Public Offering (IPO)?

Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).

Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.