Tokio Marine Asset Management Co. Ltd. decreased its position in Walt Disney Co (NYSE:DIS) by 6.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,138 shares of the entertainment giant’s stock after selling 4,721 shares during the quarter. Walt Disney accounts for approximately 1.1% of Tokio Marine Asset Management Co. Ltd.’s portfolio, making the stock its 25th largest position. Tokio Marine Asset Management Co. Ltd.’s holdings in Walt Disney were worth $7,111,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of DIS. Lee Financial Co raised its holdings in shares of Walt Disney by 7.6% in the second quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock valued at $112,000 after buying an additional 74 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. purchased a new stake in shares of Walt Disney in the first quarter valued at about $144,000. Krilogy Financial LLC raised its holdings in shares of Walt Disney by 13.2% in the second quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock valued at $151,000 after buying an additional 166 shares during the last quarter. IHT Wealth Management LLC raised its holdings in shares of Walt Disney by 34.3% in the second quarter. IHT Wealth Management LLC now owns 15,377 shares of the entertainment giant’s stock valued at $152,000 after buying an additional 3,923 shares during the last quarter. Finally, BDO Wealth Advisors LLC purchased a new position in Walt Disney during the second quarter worth about $153,000. Institutional investors and hedge funds own 61.52% of the company’s stock.
DIS has been the subject of several analyst reports. Jefferies Group reissued a “hold” rating and set a $103.00 price target (down from $110.00) on shares of Walt Disney in a report on Friday, October 6th. Pivotal Research increased their target price on shares of Walt Disney from $83.00 to $91.00 and gave the company a “sell” rating in a report on Thursday, December 14th. BTIG Research reaffirmed a “sell” rating on shares of Walt Disney in a report on Monday, September 25th. Morgan Stanley lowered their price target on shares of Walt Disney from $130.00 to $120.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 31st. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $120.00 price target on shares of Walt Disney in a research report on Wednesday, November 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $115.77.
Walt Disney Co (DIS) traded up $0.51 during trading on Thursday, reaching $109.98. 962,622 shares of the company traded hands, compared to its average volume of 9,690,000. Walt Disney Co has a 12-month low of $96.20 and a 12-month high of $116.10. The stock has a market cap of $165,970.00, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 2.38 and a beta of 1.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.81 and a quick ratio of 0.74.
Walt Disney (NYSE:DIS) last released its quarterly earnings results 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 firm had revenue of $12.78 billion for the quarter, compared to analysts’ expectations of $13.30 billion. Walt Disney had a return on equity of 16.71% and a net margin of 14.59%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the firm earned $1.10 EPS. sell-side analysts predict that Walt Disney Co will post 6.23 earnings per share for the current year.
The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, January 11th. Shareholders of record on Monday, December 11th will be issued a dividend of $0.84 per share. The ex-dividend date is Friday, December 8th. Walt Disney’s dividend payout ratio is currently 29.58%.
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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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