Neuberger Berman Group LLC lowered its position in shares of Walt Disney Co (NYSE:DIS) by 1.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,180,400 shares of the entertainment giant’s stock after selling 20,754 shares during the quarter. Neuberger Berman Group LLC owned about 0.08% of Walt Disney worth $125,417,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of DIS. Lee Financial Co lifted its holdings in shares of Walt Disney by 7.6% during the second quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock worth $112,000 after buying an additional 74 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new position in Walt Disney in the first quarter valued at about $144,000. BDO Wealth Advisors LLC acquired a new position in Walt Disney in the second quarter valued at about $153,000. Allegis Investment Advisors LLC acquired a new position in Walt Disney in the second quarter valued at about $206,000. Finally, Weybosset Research & Management LLC raised its stake in Walt Disney by 2.6% in the second quarter. Weybosset Research & Management LLC now owns 2,000 shares of the entertainment giant’s stock valued at $213,000 after purchasing an additional 50 shares in the last quarter. 61.51% of the stock is owned by institutional investors.
Shares of Walt Disney Co (NYSE:DIS) traded down $0.20 on Thursday, reaching $105.26. The company’s stock had a trading volume of 9,945,545 shares, compared to its average volume of 7,270,799. Walt Disney Co has a 12-month low of $96.20 and a 12-month high of $116.10. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 0.81. The firm has a market capitalization of $158,610.00, a price-to-earnings ratio of 18.81, a PEG ratio of 2.28 and a beta of 1.38.
Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.05). Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. The firm had revenue of $12.78 billion for the quarter, compared to analyst estimates of $13.30 billion. During the same period in the previous year, the company earned $1.10 earnings per share. Walt Disney’s revenue for the quarter was down 2.8% compared to the same quarter last year. equities research analysts expect that Walt Disney Co will post 6.24 EPS for the current fiscal year.
The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, January 11th. Stockholders of record on Monday, December 11th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Friday, December 8th. Walt Disney’s payout ratio is 27.46%.
A number of research analysts recently commented on DIS shares. Bank of America reaffirmed a “buy” rating and issued a $120.00 price target (down previously from $125.00) on shares of Walt Disney in a research note on Friday, September 8th. FBR & Co reiterated a “hold” rating and issued a $97.00 target price on shares of Walt Disney in a research report on Friday, September 8th. Goldman Sachs Group lifted their target price on Walt Disney from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Guggenheim reiterated a “buy” rating and issued a $122.00 target price on shares of Walt Disney in a research report on Tuesday, September 5th. Finally, UBS reiterated a “buy” rating and issued a $126.00 target price on shares of Walt Disney in a research report on Tuesday, September 5th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $112.34.
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Walt Disney Company 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.
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