Walt Disney Co (NYSE:DIS) Holdings Boosted by Matthew Goff Investment Advisor LLC

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Matthew Goff Investment Advisor LLC increased its holdings in Walt Disney Co (NYSE:DIS) by 1.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,536 shares of the entertainment giant’s stock after buying an additional 672 shares during the quarter. Walt Disney accounts for about 3.8% of Matthew Goff Investment Advisor LLC’s investment portfolio, making the stock its 7th largest position. Matthew Goff Investment Advisor LLC’s holdings in Walt Disney were worth $8,872,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. increased its stake in Walt Disney by 6.5% during the fourth quarter. BlackRock Inc. now owns 92,790,946 shares of the entertainment giant’s stock worth $10,174,527,000 after acquiring an additional 5,639,712 shares during the last quarter. FMR LLC grew its stake in shares of Walt Disney by 37.2% in the first quarter. FMR LLC now owns 33,901,641 shares of the entertainment giant’s stock valued at $3,764,098,000 after buying an additional 9,190,235 shares in the last quarter. Northern Trust Corp boosted its holdings in Walt Disney by 4.5% in the fourth quarter. Northern Trust Corp now owns 21,001,994 shares of the entertainment giant’s stock valued at $2,302,868,000 after purchasing an additional 896,051 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Walt Disney by 7.4% in the second quarter. Janus Henderson Group PLC now owns 12,194,709 shares of the entertainment giant’s stock valued at $1,702,901,000 after purchasing an additional 835,585 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in Walt Disney by 10.5% in the first quarter. Clearbridge Investments LLC now owns 10,855,844 shares of the entertainment giant’s stock valued at $1,205,324,000 after purchasing an additional 1,031,035 shares during the last quarter. 64.27% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney stock opened at $135.43 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.70 and a quick ratio of 0.67. The firm has a 50-day moving average of $140.55 and a 200-day moving average of $129.18. The company has a market cap of $243.42 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 4.47 and a beta of 0.96. Walt Disney Co has a one year low of $100.35 and a one year high of $147.15.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Tuesday, August 6th. The entertainment giant reported $1.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.41). The company 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 firm’s revenue was up 32.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.87 earnings per share. As a group, sell-side analysts expect that Walt Disney Co will post 6 earnings per share for the current year.

The business 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 was Friday, July 5th. Walt Disney’s dividend payout ratio is currently 24.86%.

A number of research analysts have commented on DIS shares. Loop Capital increased their target price on Walt Disney to $165.00 and gave the stock a “buy” rating in a report on Friday, June 14th. Moffett Nathanson set a $150.00 target price on Walt Disney and gave the company a “buy” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. restated a “buy” rating and issued a $150.00 target price on shares of Walt Disney in a research report on Wednesday, August 7th. Credit Suisse Group reiterated a “buy” rating and set a $150.00 price target on shares of Walt Disney in a research report on Thursday, August 8th. Finally, Morgan Stanley set a $160.00 price objective on Walt Disney and gave the stock a “buy” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $148.22.

In other news, EVP Alan N. Braverman sold 94,462 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $141.18, for a total transaction of $13,336,145.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $304,106.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 154,423 shares of company stock worth $21,743,165. 0.36% of the stock is owned by company insiders.

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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