Forsta AP Fonden trimmed its holdings in shares of Walt Disney Co (NYSE:DIS) by 35.1% during the third quarter, Holdings Channel reports. The fund owned 75,699 shares of the entertainment giant’s stock after selling 40,857 shares during the quarter. Forsta AP Fonden’s holdings in Walt Disney were worth $7,462,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Lee Financial Co increased its position 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 acquiring an additional 74 shares during the last quarter. Krilogy Financial LLC increased its position in shares of Walt Disney by 13.2% during the second quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock worth $151,000 after acquiring an additional 166 shares during the last quarter. IHT Wealth Management LLC increased its position in shares of Walt Disney by 34.3% during the second quarter. IHT Wealth Management LLC now owns 15,377 shares of the entertainment giant’s stock worth $152,000 after acquiring an additional 3,923 shares during the last quarter. BDO Wealth Advisors LLC purchased a new stake in shares of Walt Disney during the second quarter worth about $153,000. Finally, Acrospire Investment Management LLC purchased a new stake in shares of Walt Disney during the second quarter worth about $170,000. 61.51% of the stock is currently owned by institutional investors and hedge funds.
Walt Disney Co (DIS) opened at $111.62 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 0.42. Walt Disney Co has a 52 week low of $96.20 and a 52 week high of $116.10. The company has a market capitalization of $168,242.81, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 2.38 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 EPS for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.05). Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. The company had revenue of $12.78 billion during the quarter, compared to analyst estimates of $13.30 billion. During the same quarter in the previous year, the firm earned $1.10 earnings per share. The business’s revenue was down 2.8% on a year-over-year basis. equities research analysts predict that Walt Disney Co will post 6.23 EPS for the current year.
The business also recently announced a Semi-Annual dividend, which will be paid on Thursday, January 11th. Shareholders of record on Monday, December 11th will be paid a $0.84 dividend. The ex-dividend date of this dividend is Friday, December 8th. Walt Disney’s payout ratio is currently 29.53%.
A number of equities analysts recently commented on the company. Rosenblatt Securities upgraded Walt Disney from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $115.00 to $130.00 in a research note on Wednesday. Royal Bank of Canada lifted their price target on Walt Disney to $135.00 and gave the stock a “top pick” rating in a research note on Wednesday. Vetr downgraded Walt Disney from a “buy” rating to a “hold” rating and set a $113.39 price target for the company. in a research note on Wednesday. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, Macquarie upgraded Walt Disney from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $112.00 to $125.00 in a research note on Tuesday, January 2nd. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Walt Disney presently has an average rating of “Hold” and an average target price of $114.91.
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Walt Disney 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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