Shepherd Financial Partners LLC Lowers Holdings in Walt Disney Co (NYSE:DIS)

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Shepherd Financial Partners LLC decreased its holdings in Walt Disney Co (NYSE:DIS) by 2.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,231 shares of the entertainment giant’s stock after selling 417 shares during the quarter. Shepherd Financial Partners LLC’s holdings in Walt Disney were worth $2,406,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. GWM Advisors LLC grew its holdings in shares of Walt Disney by 10.8% during the 2nd quarter. GWM Advisors LLC now owns 26,243 shares of the entertainment giant’s stock worth $3,665,000 after purchasing an additional 2,549 shares during the period. Cedar Capital LLC grew its holdings in shares of Walt Disney by 22.6% during the 2nd quarter. Cedar Capital LLC now owns 4,423 shares of the entertainment giant’s stock worth $618,000 after purchasing an additional 815 shares during the period. Matthew Goff Investment Advisor LLC grew its holdings in shares of Walt Disney by 1.1% during the 2nd quarter. Matthew Goff Investment Advisor LLC now owns 63,536 shares of the entertainment giant’s stock worth $8,872,000 after purchasing an additional 672 shares during the period. Vanguard Capital Wealth Advisors grew its holdings in shares of Walt Disney by 16.9% during the 2nd quarter. Vanguard Capital Wealth Advisors now owns 7,917 shares of the entertainment giant’s stock worth $1,105,000 after purchasing an additional 1,146 shares during the period. Finally, Bernicke Wealth Management Ltd. grew its holdings in shares of Walt Disney by 1.8% during the 2nd quarter. Bernicke Wealth Management Ltd. now owns 7,884 shares of the entertainment giant’s stock worth $1,101,000 after purchasing an additional 143 shares during the period. Institutional investors own 64.27% of the company’s stock.

In other Walt Disney news, EVP Alan N. Braverman sold 94,462 shares of the company’s stock in a transaction that occurred on 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 SEC, which is available through this hyperlink. Also, EVP Brent Woodford sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The shares were 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. In the last 90 days, insiders sold 154,423 shares of company stock valued at $21,743,165. 0.36% of the stock is owned by company insiders.

DIS has been the subject of a number of research reports. JPMorgan Chase & Co. reiterated a “buy” rating and set a $150.00 target price on shares of Walt Disney in a report on Wednesday, August 7th. UBS Group boosted their target price on Walt Disney from $128.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Moffett Nathanson set a $150.00 target price on Walt Disney and gave the stock a “buy” rating in a report on Wednesday, August 7th. Citigroup reiterated a “buy” rating and set a $160.00 target price (up previously from $132.00) on shares of Walt Disney in a report on Thursday, June 6th. Finally, Bank of America set a $168.00 target price on Walt Disney and gave the stock a “buy” rating in a report on Monday, June 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have given a buy rating to the company’s stock. Walt Disney currently has an average rating of “Buy” and a consensus target price of $148.22.

NYSE DIS opened at $135.55 on Friday. The stock has a market cap of $243.42 billion, a PE ratio of 19.15, a P/E/G ratio of 4.47 and a beta of 0.96. 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 moving average price of $140.55 and a two-hundred day moving average price of $129.18. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 0.38.

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 Zacks’ consensus estimate of $1.76 by ($0.41). The company had revenue of $20.25 billion during the quarter, compared to analysts’ expectations of $21.40 billion. Walt Disney had a return on equity of 13.08% and a net margin of 19.02%. The firm’s revenue was up 32.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.87 EPS. Sell-side analysts anticipate that Walt Disney Co will post 6 EPS for the current fiscal year.

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