Walt Disney Co (NYSE:DIS) Shares Purchased by Somerville Kurt F

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Somerville Kurt F boosted its stake in Walt Disney Co (NYSE:DIS) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,403 shares of the entertainment giant’s stock after acquiring an additional 2,295 shares during the quarter. Walt Disney comprises about 2.0% of Somerville Kurt F’s holdings, making the stock its 25th largest holding. Somerville Kurt F’s holdings in Walt Disney were worth $10,614,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of DIS. JJJ Advisors Inc. increased its stake in shares of Walt Disney by 96.8% in the third quarter. JJJ Advisors Inc. now owns 244 shares of the entertainment giant’s stock worth $32,000 after buying an additional 120 shares during the last quarter. Garrett Wealth Advisory Group LLC acquired a new stake in Walt Disney in the third quarter valued at $36,000. Advocacy Wealth Management Services LLC boosted its stake in Walt Disney by 52.8% during the 3rd quarter. Advocacy Wealth Management Services LLC now owns 382 shares of the entertainment giant’s stock valued at $50,000 after acquiring an additional 132 shares during the last quarter. NewSquare Capital LLC boosted its stake in Walt Disney by 24.9% during the 2nd quarter. NewSquare Capital LLC now owns 386 shares of the entertainment giant’s stock valued at $54,000 after acquiring an additional 77 shares during the last quarter. Finally, Bourgeon Capital Management LLC acquired a new position in Walt Disney during the 3rd quarter worth $60,000. 64.07% of the stock is owned by institutional investors.

Shares of NYSE DIS opened at $144.32 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 0.41. The firm’s 50-day moving average price is $146.80 and its two-hundred day moving average price is $139.65. Walt Disney Co has a 52-week low of $107.32 and a 52-week high of $153.41. The stock has a market capitalization of $261.71 billion, a P/E ratio of 25.01, a P/E/G ratio of 5.70 and a beta of 1.00.

Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 7th. The entertainment giant reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.12. The company had revenue of $19.10 billion during the quarter, compared to analyst estimates of $19.02 billion. Walt Disney had a return on equity of 11.38% and a net margin of 15.89%. The business’s revenue was up 33.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.48 earnings per share. As a group, equities research analysts expect that Walt Disney Co will post 5.35 earnings per share for the current year.

The business also recently declared a semi-annual dividend, which will be paid on Thursday, January 16th. Investors of record on Monday, December 16th will be issued a $0.88 dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, December 13th. Walt Disney’s dividend payout ratio (DPR) is 30.50%.

DIS has been the subject of several research analyst reports. Imperial Capital reissued a “hold” rating and issued a $143.00 target price on shares of Walt Disney in a research report on Tuesday, December 10th. Rosenblatt Securities reaffirmed a “buy” rating and set a $175.00 price target on shares of Walt Disney in a research report on Thursday, January 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Walt Disney in a research note on Friday, September 27th. Credit Suisse Group set a $163.00 price objective on Walt Disney and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Evercore ISI restated a “buy” rating and set a $155.00 price objective on shares of Walt Disney in a research note on Monday, November 11th. Seven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $154.31.

In related news, EVP Brent Woodford sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $149.00, for a total transaction of $596,000.00. Following the completion of the transaction, the executive vice president now directly owns 36,479 shares in the company, valued at approximately $5,435,371. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Alan N. Braverman sold 3,107 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $146.14, for a total value of $454,056.98. Following the completion of the sale, the executive vice president now directly owns 104,358 shares in the company, valued at $15,250,878.12. The disclosure for this sale can be found here. Insiders have sold a total of 18,837 shares of company stock valued at $2,759,138 in the last 90 days. Insiders own 0.36% of the company’s stock.

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.

See Also: Balance Sheet

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

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