Greatmark Investment Partners Inc. purchased a new stake in Walt Disney Co (NYSE:DIS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,251 shares of the entertainment giant’s stock, valued at approximately $222,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in DIS. Janus Henderson Group PLC lifted its holdings in Walt Disney by 929.6% in the 2nd quarter. Janus Henderson Group PLC now owns 5,410,942 shares of the entertainment giant’s stock worth $574,907,000 after purchasing an additional 4,885,398 shares during the last quarter. AJO LP lifted its holdings in Walt Disney by 12,331.6% in the 2nd quarter. AJO LP now owns 3,300,335 shares of the entertainment giant’s stock worth $350,661,000 after purchasing an additional 3,273,787 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Walt Disney by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock worth $10,497,824,000 after purchasing an additional 2,131,932 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Walt Disney by 247.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,644,700 shares of the entertainment giant’s stock worth $280,999,000 after purchasing an additional 1,884,600 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Walt Disney by 48.7% in the 2nd quarter. Nordea Investment Management AB now owns 5,313,513 shares of the entertainment giant’s stock worth $564,561,000 after purchasing an additional 1,740,128 shares during the last quarter. 61.52% of the stock is owned by institutional investors and hedge funds.
DIS has been the subject of several analyst reports. Jefferies Group restated a “hold” rating and issued a $103.00 target price (down from $110.00) on shares of Walt Disney in a report on Friday, October 6th. Pivotal Research boosted their target price on Walt Disney from $83.00 to $91.00 and gave the stock a “sell” rating in a report on Thursday, December 14th. BTIG Research restated a “sell” rating on shares of Walt Disney in a report on Monday, September 25th. Morgan Stanley reduced their target price on Walt Disney from $130.00 to $120.00 and set an “overweight” rating for the company in a report on Tuesday, October 31st. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $120.00 target price on shares of Walt Disney in a report on Wednesday, November 22nd. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Walt Disney currently has a consensus rating of “Hold” and an average price target of $116.07.
Walt Disney Co (NYSE DIS) opened at $112.47 on Friday. Walt Disney Co has a 1-year low of $96.20 and a 1-year high of $116.10. The company has a market capitalization of $169,860.00, a P/E ratio of 19.80, a PEG ratio of 1.98 and a beta of 1.38. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42.
Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.05). The firm had revenue of $12.78 billion for the quarter, compared to the consensus estimate of $13.30 billion. Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.10 earnings per share. equities research analysts anticipate that Walt Disney Co will post 6.31 EPS for the current year.
The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, January 11th. Stockholders of record on Monday, December 11th were given a dividend of $0.84 per share. The ex-dividend date was Friday, December 8th. Walt Disney’s dividend payout ratio is presently 29.58%.
Walt Disney Profile
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.
Want to see what other hedge funds are holding DIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walt Disney Co (NYSE:DIS).
Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.