Linscomb & Williams Inc. Raises Position in The Walt Disney Company (NYSE:DIS)

Linscomb & Williams Inc. raised its holdings in shares of The Walt Disney Company (NYSE:DIS) by 10.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,286 shares of the entertainment giant’s stock after acquiring an additional 580 shares during the quarter. Linscomb & Williams Inc.’s holdings in The Walt Disney were worth $1,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Morgan Stanley increased its holdings in shares of The Walt Disney by 11.4% in the 4th quarter. Morgan Stanley now owns 32,108,070 shares of the entertainment giant’s stock worth $5,817,340,000 after buying an additional 3,291,751 shares during the last quarter. FMR LLC increased its holdings in shares of The Walt Disney by 16.1% in the 4th quarter. FMR LLC now owns 23,913,777 shares of the entertainment giant’s stock worth $4,332,698,000 after buying an additional 3,315,118 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of The Walt Disney by 37.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,494,013 shares of the entertainment giant’s stock worth $3,531,925,000 after buying an additional 5,288,711 shares during the last quarter. Norges Bank bought a new stake in shares of The Walt Disney in the 4th quarter worth about $3,003,286,000. Finally, Fisher Asset Management LLC increased its holdings in shares of The Walt Disney by 4.6% in the 1st quarter. Fisher Asset Management LLC now owns 10,344,169 shares of the entertainment giant’s stock worth $1,908,706,000 after buying an additional 455,393 shares during the last quarter. Institutional investors and hedge funds own 64.04% of the company’s stock.

Shares of DIS opened at $176.57 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.23 and a quick ratio of 1.18. The stock has a market cap of $320.82 billion, a PE ratio of -70.63, a PEG ratio of 3.70 and a beta of 1.19. The stock has a 50 day simple moving average of $181.01. The Walt Disney Company has a fifty-two week low of $108.02 and a fifty-two week high of $203.02.

The Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, May 13th. The entertainment giant reported $0.79 EPS for the quarter, topping the consensus estimate of $0.27 by $0.52. The firm had revenue of $15.61 billion during the quarter, compared to analyst estimates of $15.99 billion. The Walt Disney had a negative net margin of 7.73% and a positive return on equity of 2.07%. The Walt Disney’s revenue was down 13.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 EPS. On average, equities analysts expect that The Walt Disney Company will post 2.28 earnings per share for the current fiscal year.

In related news, Chairman Robert A. Iger sold 550,570 shares of the business’s stock in a transaction that occurred on Tuesday, June 1st. The shares were sold at an average price of $179.21, for a total transaction of $98,667,649.70. Following the completion of the transaction, the chairman now owns 569,131 shares in the company, valued at approximately $101,993,966.51. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan E. Arnold sold 8,400 shares of the company’s stock in a transaction that occurred on Wednesday, June 2nd. The shares were sold at an average price of $177.75, for a total transaction of $1,493,100.00. Following the transaction, the director now owns 41,498 shares in the company, valued at approximately $7,376,269.50. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

A number of analysts have recently weighed in on the stock. Morgan Stanley boosted their target price on shares of The Walt Disney from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Wednesday, May 12th. Evercore ISI upped their price target on shares of The Walt Disney from $200.00 to $210.00 in a report on Friday, February 12th. Wolfe Research reiterated an “outperform” rating and set a $226.00 price target on shares of The Walt Disney in a report on Thursday. Wells Fargo & Company upped their price target on shares of The Walt Disney from $201.00 to $219.00 and gave the company an “overweight” rating in a report on Tuesday, April 20th. Finally, Truist Securities cut their price target on shares of The Walt Disney from $205.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, May 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $195.48.

The Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates domestic cable networks under the Disney, ESPN, Freeform, FX, and National Geographic brands; and television broadcast network under the ABC brand, as well as eight domestic television stations.

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

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