RKL Wealth Management LLC Trims Stock Position in Walt Disney Co (NYSE:DIS)

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RKL Wealth Management LLC reduced its stake in shares of Walt Disney Co (NYSE:DIS) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,357 shares of the entertainment giant’s stock after selling 185 shares during the quarter. Walt Disney makes up about 1.1% of RKL Wealth Management LLC’s holdings, making the stock its 26th biggest holding. RKL Wealth Management LLC’s holdings in Walt Disney were worth $6,191,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Congress Park Capital LLC boosted its holdings in shares of Walt Disney by 6.2% during the 2nd quarter. Congress Park Capital LLC now owns 29,782 shares of the entertainment giant’s stock valued at $4,308,000 after buying an additional 1,739 shares in the last quarter. Cottage Street Advisors LLC boosted its holdings in shares of Walt Disney by 51.9% during the 2nd quarter. Cottage Street Advisors LLC now owns 9,044 shares of the entertainment giant’s stock valued at $1,263,000 after buying an additional 3,092 shares in the last quarter. Rudd International Inc. bought a new stake in shares of Walt Disney during the 2nd quarter valued at $477,000. Institute for Wealth Management LLC. boosted its holdings in shares of Walt Disney by 6.4% during the 2nd quarter. Institute for Wealth Management LLC. now owns 28,548 shares of the entertainment giant’s stock valued at $3,986,000 after buying an additional 1,721 shares in the last quarter. Finally, General American Investors Co. Inc. bought a new stake in shares of Walt Disney during the 2nd quarter valued at $6,982,000. 64.27% of the stock is currently owned by institutional investors and hedge funds.

In other Walt Disney news, EVP Alan N. Braverman sold 94,462 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $141.18, for a total value of $13,336,145.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brent Woodford sold 2,200 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was 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. In the last three months, insiders sold 154,423 shares of company stock valued at $21,743,165. 0.36% of the stock is owned by insiders.

A number of brokerages have recently commented on DIS. Morgan Stanley set a $160.00 target price on shares of Walt Disney and gave the company a “buy” rating in a report on Friday, August 2nd. UBS Group upped their price target on shares of Walt Disney from $128.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $175.00 price target on shares of Walt Disney in a research note on Monday, May 6th. Loop Capital upped their price target on shares of Walt Disney to $165.00 and gave the stock a “buy” rating in a research note on Friday, June 14th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $150.00 price target on shares of Walt Disney in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $148.22.

Shares of NYSE:DIS opened at $135.43 on Friday. Walt Disney Co has a fifty-two week low of $100.35 and a fifty-two week high of $147.15. The business has a 50-day simple moving average of $140.55 and a two-hundred day simple moving average of $129.18. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.67 and a current ratio of 0.70. The firm has a market cap of $243.42 billion, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 4.47 and a beta of 0.96.

Walt Disney (NYSE:DIS) last issued its earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.41). Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. The business had revenue of $20.25 billion during the quarter, compared to analysts’ expectations of $21.40 billion. During the same period last year, the firm posted $1.87 EPS. Walt Disney’s quarterly revenue was up 32.9% compared to the same quarter last year. As a group, research analysts predict that Walt Disney Co will post 6 earnings per share for the current year.

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, July 25th. Shareholders of record on Monday, July 8th were given a $0.88 dividend. The ex-dividend date of this dividend was Friday, July 5th. Walt Disney’s dividend payout ratio (DPR) 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.

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

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