Scott & Selber Inc. lowered its position in Walt Disney Co (NYSE:DIS) by 47.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 16,951 shares of the entertainment giant’s stock after selling 15,597 shares during the period. Scott & Selber Inc.’s holdings in Walt Disney were worth $1,671,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of DIS. Vanguard Group Inc. increased its stake in shares of Walt Disney by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 98,803,049 shares of the entertainment giant’s stock valued at $10,497,824,000 after acquiring an additional 2,131,932 shares in the last quarter. Northern Trust Corp increased its stake in shares of Walt Disney by 2.5% in the 2nd quarter. Northern Trust Corp now owns 20,462,287 shares of the entertainment giant’s stock valued at $2,174,118,000 after acquiring an additional 500,349 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Walt Disney by 5.3% in the 2nd quarter. Legal & General Group Plc now owns 7,885,053 shares of the entertainment giant’s stock valued at $837,761,000 after acquiring an additional 394,012 shares in the last quarter. Parnassus Investments CA increased its stake in shares of Walt Disney by 19.3% in the 3rd quarter. Parnassus Investments CA now owns 6,941,130 shares of the entertainment giant’s stock valued at $684,187,000 after acquiring an additional 1,123,949 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Walt Disney by 7.8% in the 2nd quarter. Swiss National Bank now owns 5,777,328 shares of the entertainment giant’s stock valued at $613,841,000 after acquiring an additional 420,200 shares in the last quarter. Hedge funds and other institutional investors own 61.55% of the company’s stock.
Shares of Walt Disney Co (NYSE DIS) opened at $111.97 on Thursday. Walt Disney Co has a one year low of $96.20 and a one year high of $116.10. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 0.42. The stock has a market cap of $169,110.00, a price-to-earnings ratio of 19.71, a PEG ratio of 1.97 and a beta of 1.38.
Walt Disney (NYSE:DIS) last posted its 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). Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. The firm had revenue of $12.78 billion during the quarter, compared to the consensus estimate of $13.30 billion. During the same quarter in the previous year, the company earned $1.10 EPS. The business’s revenue was down 2.8% compared to the same quarter last year. research analysts expect that Walt Disney Co will post 6.31 earnings per share for the current year.
The company also recently announced a Semi-Annual dividend, which was paid on Thursday, January 11th. Stockholders of record on Monday, December 11th were paid 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 research analyst reports. Jefferies Group reiterated a “hold” rating and issued a $103.00 price objective (down previously from $110.00) on shares of Walt Disney in a research note on Friday, October 6th. Pivotal Research lifted their price objective on shares of Walt Disney from $83.00 to $91.00 and gave the company a “sell” rating in a research note on Thursday, December 14th. BTIG Research reiterated a “sell” rating on shares of Walt Disney in a research note on Monday, September 25th. Morgan Stanley lowered their price objective on shares of Walt Disney from $130.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday, October 31st. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $120.00 price objective on shares of Walt Disney in a research note on Wednesday, November 22nd. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $116.15.
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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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