Buck Wealth Strategies buys 8,205 Disney shares worth $939,000 in Q3
Buck Wealth Strategies LLC acquired 8,205 shares of The Walt Disney Company in the third quarter, marking a new stake valued at approximately $939,000. This purchase contributes to Disney’s 65.71% institutional ownership reported on its latest SEC filings.
1. Significant New Stake by Buck Wealth Strategies LLC
Buck Wealth Strategies LLC disclosed a new acquisition of 8,205 shares in The Walt Disney Company during the third quarter, representing an approximate investment of $939,000, according to its latest SEC filing. This positions the firm among the recent institutional entrants, alongside Copeland Capital Management LLC (new $25,000 stake), Pilgrim Partners Asia Pte Ltd ($33,000), Harbor Asset Planning Inc. ($37,000), Total Investment Management Inc. ($37,000) and Howard Hughes Medical Institute ($48,000) in the same period. Collectively, hedge funds and institutional investors now hold 65.71% of Disney’s outstanding stock, underscoring continued confidence from large-scale asset managers.
2. First-Quarter Earnings Outperform Analyst Projections
In its first fiscal quarter, Disney generated earnings per share of $1.63, surpassing the consensus estimate of $1.57 by $0.06. Quarterly revenues totalled $25.98 billion, exceeding forecasts of $25.54 billion and reflecting a 5.2% year-over-year increase. The company achieved a net margin of 13.14% and returned 9.37% on equity, driven by robust performance across its parks & experiences and media segments. Streaming revenue growth and healthy box-office receipts from major film releases contributed to the upside, while sell-side analysts project full-year EPS of 5.47.
3. Dividend Declared with Attractive Payout Metrics
Disney’s board approved a quarterly cash dividend of $0.75 per share, payable on July 22 to shareholders of record as of June 30, with an ex-dividend date of June 30. The declared dividend implies a payout ratio of 21.87% and, based on the current share count, equates to a yield in excess of 1.3%. This represents the company’s eighth consecutive quarterly payout increase, reflecting management’s commitment to returning capital while maintaining investment in content and park infrastructure.