Oak Grove Capital LLC grew its position in shares of Walt Disney Co (NYSE:DIS) by 36.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73,802 shares of the entertainment giant’s stock after buying an additional 19,787 shares during the quarter. Walt Disney accounts for 7.4% of Oak Grove Capital LLC’s investment portfolio, making the stock its 4th largest holding. Oak Grove Capital LLC’s holdings in Walt Disney were worth $8,630,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in DIS. Phocas Financial Corp. raised its position in Walt Disney by 989,639.9% during the 2nd quarter. Phocas Financial Corp. now owns 67,054,876 shares of the entertainment giant’s stock worth $703,000 after buying an additional 67,048,101 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Walt Disney by 22.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,228,738 shares of the entertainment giant’s stock valued at $652,841,000 after purchasing an additional 1,129,743 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Walt Disney by 112.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,665,507 shares of the entertainment giant’s stock valued at $174,562,000 after purchasing an additional 880,100 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in shares of Walt Disney in the 2nd quarter valued at about $684,000. Finally, Royal London Asset Management Ltd. purchased a new position in shares of Walt Disney in the 2nd quarter valued at about $65,954,000. Institutional investors own 62.85% of the company’s stock.
In other Walt Disney news, Chairman Robert A. Iger sold 47,733 shares of the firm’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $120.00, for a total transaction of $5,727,960.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Brent Woodford sold 294 shares of the firm’s stock in a transaction dated Friday, January 4th. The stock was sold at an average price of $110.00, for a total transaction of $32,340.00. Following the sale, the executive vice president now directly owns 26,513 shares in the company, valued at $2,916,430. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,339 shares of company stock worth $6,887,207. 0.38% of the stock is owned by corporate insiders.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Wolfe Research assumed coverage on shares of Walt Disney in a report on Friday, December 7th. They issued an “outperform” rating for the company. B. Riley reiterated a “neutral” rating on shares of Walt Disney in a report on Friday, November 9th. Morgan Stanley increased their price target on shares of Walt Disney from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, October 15th. Finally, Argus increased their price target on shares of Walt Disney from $129.00 to $135.00 and gave the company a “buy” rating in a report on Monday, November 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $122.37.
Shares of NYSE DIS opened at $111.42 on Wednesday. The stock has a market capitalization of $163.17 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 1.88 and a beta of 1.05. Walt Disney Co has a 52 week low of $97.68 and a 52 week high of $120.20. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.86 and a current ratio of 0.94.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Thursday, November 8th. The entertainment giant reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.17. The firm had revenue of $14.30 billion for the quarter, compared to analysts’ expectations of $13.76 billion. Walt Disney had a net margin of 21.20% and a return on equity of 21.43%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.07 EPS. As a group, equities research analysts expect that Walt Disney Co will post 7.05 earnings per share for the current year.
The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, January 10th. Investors of record on Monday, December 10th will be paid a $0.88 dividend. This represents a yield of 1.51%. This is a boost from Walt Disney’s previous semiannual dividend of $0.84. The ex-dividend date is Friday, December 7th. Walt Disney’s dividend payout ratio is presently 49.72%.
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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 cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.
Further Reading: Hedge Funds Explained
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