Merriman Wealth Management LLC acquired a new stake in Walt Disney Co (NYSE:DIS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,823 shares of the entertainment giant’s stock, valued at approximately $377,000.
A number of other institutional investors and hedge funds have also made changes to their positions in DIS. Oakbrook Investments LLC raised its position in shares of Walt Disney by 0.8% during the 3rd quarter. Oakbrook Investments LLC now owns 307,752 shares of the entertainment giant’s stock worth $30,335,000 after purchasing an additional 2,373 shares during the last quarter. Rockefeller Financial Services Inc. raised its holdings in Walt Disney by 3.8% in the 3rd quarter. Rockefeller Financial Services Inc. now owns 54,904 shares of the entertainment giant’s stock valued at $5,411,000 after acquiring an additional 2,000 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Walt Disney by 1.2% in the 3rd quarter. Fisher Asset Management LLC now owns 4,466,678 shares of the entertainment giant’s stock valued at $440,281,000 after acquiring an additional 54,436 shares during the last quarter. Founders Capital Management raised its holdings in Walt Disney by 22.6% in the 3rd quarter. Founders Capital Management now owns 24,857 shares of the entertainment giant’s stock valued at $2,450,000 after acquiring an additional 4,586 shares during the last quarter. Finally, Inverness Counsel LLC NY raised its holdings in Walt Disney by 5.5% in the 3rd quarter. Inverness Counsel LLC NY now owns 284,359 shares of the entertainment giant’s stock valued at $28,029,000 after acquiring an additional 14,763 shares during the last quarter. 61.52% of the stock is currently owned by institutional investors.
Shares of Walt Disney Co (DIS) traded up $1.51 during trading hours on Friday, hitting $112.47. 5,900,000 shares of the company traded hands, compared to its average volume of 9,620,000. Walt Disney Co has a fifty-two week low of $96.20 and a fifty-two week high of $116.10. 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 cap of $169,860.00, a P/E ratio of 19.80, a PEG ratio of 1.98 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 (EPS) 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 company had revenue of $12.78 billion during the quarter, compared to analysts’ expectations of $13.30 billion. During the same quarter in the previous year, the company earned $1.10 EPS. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. sell-side analysts predict that Walt Disney Co will post 6.31 EPS for the current year.
The business also recently announced a Semi-Annual dividend, which was paid on Thursday, January 11th. Shareholders of record on Monday, December 11th were given a $0.84 dividend. The ex-dividend date was Friday, December 8th. Walt Disney’s payout ratio is 29.58%.
DIS has been the subject of several analyst reports. Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Edward Jones cut shares of Walt Disney from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Wells Fargo & Co reaffirmed a “buy” rating and set a $135.00 price target on shares of Walt Disney in a research report on Friday, December 15th. Vetr raised shares of Walt Disney from a “buy” rating to a “strong-buy” rating and set a $110.51 price target for the company in a research report on Wednesday, October 11th. Finally, Barclays decreased their price objective on shares of Walt Disney from $98.00 to $94.00 and set an “equal weight” rating for the company in a research report on Friday, October 13th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $116.07.
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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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