Utah Retirement Systems reduced its stake in Walt Disney Co (NYSE:DIS) by 3.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 286,977 shares of the entertainment giant’s stock after selling 10,700 shares during the period. Walt Disney makes up 0.7% of Utah Retirement Systems’ portfolio, making the stock its 27th largest holding. Utah Retirement Systems’ holdings in Walt Disney were worth $30,491,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Walt Disney by 4.8% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,243,933 shares of the entertainment giant’s stock worth $344,668,000 after purchasing an additional 148,878 shares during the period. BDO Wealth Advisors LLC purchased a new position in shares of Walt Disney during the 2nd quarter worth about $153,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Walt Disney by 22.5% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 374,993 shares of the entertainment giant’s stock worth $39,843,000 after purchasing an additional 68,809 shares during the period. Airain ltd purchased a new stake in Walt Disney in the 2nd quarter valued at about $5,089,000. Finally, USS Investment Management Ltd purchased a new stake in Walt Disney in the 2nd quarter valued at about $5,854,000. Institutional investors own 61.51% of the company’s stock.
DIS has been the subject of several research reports. Bank of America reissued a “buy” rating and issued a $120.00 price objective (down from $125.00) on shares of Walt Disney in a research report on Friday, September 8th. FBR & Co reissued a “hold” rating and issued a $97.00 price objective on shares of Walt Disney in a research report on Friday, September 8th. Goldman Sachs Group boosted their price target on shares of Walt Disney from $115.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 10th. Guggenheim restated a “buy” rating and issued a $122.00 price target on shares of Walt Disney in a report on Tuesday, September 5th. Finally, UBS restated a “buy” rating and issued a $126.00 price target on shares of Walt Disney in a report on Tuesday, September 5th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $112.34.
Walt Disney Co (NYSE:DIS) traded down $0.20 on Thursday, reaching $105.26. 9,945,545 shares of the company’s stock traded hands, compared to its average volume of 7,270,799. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $158,610.00, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 2.28 and a beta of 1.38. Walt Disney Co has a fifty-two week low of $96.20 and a fifty-two week high of $116.10.
Walt Disney (NYSE:DIS) last posted its quarterly earnings data on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.05). The company 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 revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 earnings per share. sell-side analysts expect that Walt Disney Co will post 6.24 earnings per share for the current fiscal year.
The firm 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 $0.84 dividend. The ex-dividend date of this dividend is Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is 27.46%.
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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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