Segment Wealth Management LLC Raises Position in Walt Disney Co (DIS)


Segment Wealth Management LLC boosted its holdings in shares of Walt Disney Co (NYSE:DIS) by 24.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,574 shares of the entertainment giant’s stock after purchasing an additional 913 shares during the period. Segment Wealth Management LLC’s holdings in Walt Disney were worth $535,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DIS. Tirschwell & Loewy Inc. increased its holdings in shares of Walt Disney by 42.9% in the third quarter. Tirschwell & Loewy Inc. now owns 20,606 shares of the entertainment giant’s stock valued at $2,410,000 after purchasing an additional 6,190 shares in the last quarter. Destination Wealth Management increased its holdings in shares of Walt Disney by 3.5% in the third quarter. Destination Wealth Management now owns 219,627 shares of the entertainment giant’s stock valued at $25,683,000 after purchasing an additional 7,361 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in Walt Disney during the 3rd quarter worth $426,000. Folger Nolan Fleming Douglas Capital Management Inc. grew its holdings in Walt Disney by 2.6% during the 3rd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 57,946 shares of the entertainment giant’s stock worth $6,776,000 after acquiring an additional 1,494 shares during the period. Finally, Toronto Dominion Bank grew its holdings in Walt Disney by 1.9% during the 3rd quarter. Toronto Dominion Bank now owns 1,108,919 shares of the entertainment giant’s stock worth $129,652,000 after acquiring an additional 20,783 shares during the period. Hedge funds and other institutional investors own 62.85% of the company’s stock.

A number of analysts have commented on DIS shares. Zacks Investment Research raised shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Pivotal Research reaffirmed a “sell” rating and set a $95.00 target price on shares of Walt Disney in a report on Sunday, September 23rd. Morgan Stanley lifted their target price on shares of Walt Disney from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, October 15th. Barclays raised shares of Walt Disney from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $104.00 to $130.00 in a report on Friday, October 19th. Finally, ValuEngine raised shares of Walt Disney from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. Walt Disney has an average rating of “Buy” and a consensus target price of $122.37.

In other Walt Disney news, EVP Alan N. Braverman sold 1,153 shares of the business’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $107.70, for a total transaction of $124,178.10. Following the sale, the executive vice president now directly owns 106,390 shares of the company’s stock, valued at approximately $11,458,203. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Brent Woodford sold 721 shares of the business’s stock in a transaction dated Wednesday, December 26th. The stock was sold at an average price of $101.13, for a total transaction of $72,914.73. Following the transaction, the executive vice president now owns 26,910 shares in the company, valued at $2,721,408.30. The disclosure for this sale can be found here. Insiders have sold a total of 60,339 shares of company stock worth $7,112,707 over the last three months. Insiders own 0.38% of the company’s stock.

DIS opened at $112.65 on Friday. The firm has a market capitalization of $167.73 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.93 and a beta of 1.05. Walt Disney Co has a 12 month low of $97.68 and a 12 month 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.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 8th. The entertainment giant reported $1.48 EPS for the quarter, topping the consensus estimate of $1.31 by $0.17. Walt Disney had a net margin of 21.20% and a return on equity of 21.43%. The firm had revenue of $14.30 billion for the quarter, compared to analysts’ expectations of $13.76 billion. During the same period in the previous year, the firm posted $1.07 EPS. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities analysts forecast that Walt Disney Co will post 7.05 EPS for the current year.

The firm also recently declared a semiannual dividend, which was paid on Thursday, January 10th. Shareholders of record on Monday, December 10th were given a dividend of $0.88 per share. 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. This represents a yield of 1.51%. 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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