Deroy & Devereaux Private Investment Counsel Inc. increased its stake in Walt Disney Co (NYSE:DIS) by 35.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 113,998 shares of the entertainment giant’s stock after purchasing an additional 29,541 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Walt Disney were worth $11,237,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of DIS. Vanguard Group Inc. boosted its stake in Walt Disney by 2.2% in the second quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock worth $10,497,824,000 after buying an additional 2,131,932 shares in the last quarter. Northern Trust Corp boosted its stake in Walt Disney by 2.5% in the second quarter. Northern Trust Corp now owns 20,462,287 shares of the entertainment giant’s stock worth $2,174,118,000 after buying an additional 500,349 shares in the last quarter. Legal & General Group Plc boosted its stake in Walt Disney by 5.3% in the second quarter. Legal & General Group Plc now owns 7,885,053 shares of the entertainment giant’s stock worth $837,761,000 after buying an additional 394,012 shares in the last quarter. Swiss National Bank boosted its stake in Walt Disney by 7.8% in the second quarter. Swiss National Bank now owns 5,777,328 shares of the entertainment giant’s stock worth $613,841,000 after buying an additional 420,200 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Walt Disney by 7.0% in the second quarter. Ameriprise Financial Inc. now owns 5,672,744 shares of the entertainment giant’s stock worth $602,413,000 after buying an additional 371,811 shares in the last quarter. Institutional investors own 61.52% of the company’s stock.
Several analysts have issued reports on DIS shares. Zacks Investment Research raised Walt Disney from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Edward Jones lowered Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Wells Fargo & Co reissued a “buy” rating and set a $135.00 price objective on shares of Walt Disney in a research note on Friday, December 15th. Vetr raised Walt Disney from a “buy” rating to a “strong-buy” rating and set a $110.51 price objective for the company in a research note on Wednesday, October 11th. Finally, Barclays dropped their price objective on Walt Disney from $98.00 to $94.00 and set an “equal weight” rating for the company in a research note on Friday, October 13th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $115.77.
Shares of Walt Disney Co (NYSE:DIS) opened at $110.99 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 12 month low of $96.20 and a 12 month high of $116.10. The stock has a market capitalization of $167,630.00, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 2.38 and a beta of 1.38.
Walt Disney (NYSE:DIS) last released its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.05). Walt Disney had a net margin of 14.59% and a return on equity of 16.71%. The company had revenue of $12.78 billion for the quarter, compared to the consensus estimate of $13.30 billion. During the same period in the prior year, the firm posted $1.10 EPS. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. sell-side analysts expect 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 was paid on Thursday, January 11th. Investors of record on Monday, December 11th were paid a dividend of $0.84 per share. The ex-dividend date of this dividend was Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) 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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