FIL Ltd boosted its holdings in Walt Disney Co (NYSE:DIS) by 19.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,672,969 shares of the entertainment giant’s stock after acquiring an additional 271,330 shares during the period. FIL Ltd owned 0.11% of Walt Disney worth $195,638,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Barry Investment Advisors LLC increased its position in shares of Walt Disney by 0.6% during the third quarter. Barry Investment Advisors LLC now owns 71,559 shares of the entertainment giant’s stock worth $8,368,000 after acquiring an additional 432 shares during the period. Keystone Financial Group increased its position in shares of Walt Disney by 6.0% during the third quarter. Keystone Financial Group now owns 7,851 shares of the entertainment giant’s stock worth $913,000 after acquiring an additional 444 shares during the period. Carret Asset Management LLC increased its position in shares of Walt Disney by 0.5% during the second quarter. Carret Asset Management LLC now owns 91,493 shares of the entertainment giant’s stock worth $9,589,000 after acquiring an additional 450 shares during the period. Beaton Management Co. Inc. increased its position in shares of Walt Disney by 1.9% during the second quarter. Beaton Management Co. Inc. now owns 24,339 shares of the entertainment giant’s stock worth $2,551,000 after acquiring an additional 450 shares during the period. Finally, Fairfield Bush & CO. increased its position in shares of Walt Disney by 2.3% during the second quarter. Fairfield Bush & CO. now owns 19,740 shares of the entertainment giant’s stock worth $2,069,000 after acquiring an additional 450 shares during the period. Hedge funds and other institutional investors own 62.85% of the company’s stock.
A number of analysts have recently weighed in on DIS shares. Loop Capital upped their price objective on Walt Disney to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 9th. Argus upped their price objective on Walt Disney from $129.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, November 12th. ValuEngine raised Walt Disney from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Zacks Investment Research raised Walt Disney from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. Finally, B. Riley reaffirmed a “neutral” rating on shares of Walt Disney in a research report on Friday, November 9th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. Walt Disney presently has an average rating of “Buy” and a consensus price target of $122.37.
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 stock was sold at an average price of $120.00, for a total transaction of $5,727,960.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Brent Woodford sold 721 shares of the firm’s stock in a transaction dated Wednesday, December 26th. The stock was sold at an average price of $101.13, for a total value of $72,914.73. Following the transaction, the executive vice president now directly owns 26,910 shares in the company, valued at approximately $2,721,408.30. The disclosure for this sale can be found here. Insiders sold 58,339 shares of company stock worth $6,887,207 in the last three months. 0.38% of the stock is currently owned by corporate insiders.
NYSE:DIS opened at $111.42 on Wednesday. The firm 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. 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 Co has a 12 month low of $97.68 and a 12 month high of $120.20.
Walt Disney (NYSE:DIS) last posted its earnings results on Thursday, November 8th. The entertainment giant reported $1.48 EPS for the quarter, beating the consensus estimate of $1.31 by $0.17. The firm had revenue of $14.30 billion for the quarter, compared to analyst estimates of $13.76 billion. Walt Disney had a return on equity of 21.43% and a net margin of 21.20%. Walt Disney’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.07 earnings per share. Analysts predict that Walt Disney Co will post 7.05 EPS for the current fiscal year.
The firm also recently announced a semiannual dividend, which will be paid on Thursday, January 10th. Investors of record on Monday, December 10th will be issued a $0.88 dividend. This represents a yield of 1.51%. The ex-dividend date is Friday, December 7th. This is a positive change from Walt Disney’s previous semiannual dividend of $0.84. Walt Disney’s dividend payout ratio is 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.
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