Principal Financial Group Inc. grew its position in shares of Walt Disney Co (NYSE:DIS) by 2.4% in the third quarter, HoldingsChannel reports. The firm owned 2,787,855 shares of the entertainment giant’s stock after purchasing an additional 64,704 shares during the period. Principal Financial Group Inc.’s holdings in Walt Disney were worth $274,799,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DIS. First American Trust FSB grew its position in Walt Disney by 2.9% in the second quarter. First American Trust FSB now owns 44,630 shares of the entertainment giant’s stock worth $4,742,000 after acquiring an additional 1,268 shares in the last quarter. American National Bank grew its position in Walt Disney by 2.9% in the second quarter. American National Bank now owns 54,092 shares of the entertainment giant’s stock worth $5,747,000 after acquiring an additional 1,508 shares in the last quarter. Trust Co grew its position in Walt Disney by 1.5% in the first quarter. Trust Co now owns 29,942 shares of the entertainment giant’s stock worth $3,396,000 after acquiring an additional 437 shares in the last quarter. Stillwater Capital Advisors LLC grew its position in Walt Disney by 15.2% in the second quarter. Stillwater Capital Advisors LLC now owns 2,242 shares of the entertainment giant’s stock worth $238,000 after acquiring an additional 296 shares in the last quarter. Finally, Carlton Hofferkamp & Jenks Wealth Management LLC grew its position in Walt Disney by 0.9% in the second quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 19,732 shares of the entertainment giant’s stock worth $2,096,000 after acquiring an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 61.52% of the company’s stock.
Several brokerages recently issued reports on DIS. Bank of America reiterated a “buy” rating and issued a $144.00 target price (up from $130.00) on shares of Walt Disney in a research report on Wednesday. Zacks Investment Research lowered shares of Walt Disney from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Pivotal Research reiterated a “sell” rating and issued a $93.00 target price (up from $91.00) on shares of Walt Disney in a research report on Tuesday, January 9th. Rosenblatt Securities upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and upped their target price for the stock from $115.00 to $130.00 in a research report on Wednesday, January 3rd. Finally, Royal Bank of Canada upped their target price on shares of Walt Disney to $135.00 and gave the stock a “top pick” rating in a research report on Wednesday, January 3rd. 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 issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $116.07.
Shares of Walt Disney Co (NYSE:DIS) opened at $112.47 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 0.81. Walt Disney Co has a 1 year low of $96.20 and a 1 year high of $116.10. The stock has a market cap of $169,524.00, a PE ratio of 19.73, a price-to-earnings-growth ratio of 2.01 and a beta of 1.38.
Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.05). The business had revenue of $12.78 billion for the quarter, compared to analysts’ expectations of $13.30 billion. Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $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 paid a dividend of $0.84 per share. The ex-dividend date of this dividend was Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is 29.53%.
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About Walt Disney
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.
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