Rockland Trust Co. cut its stake in Walt Disney Co (NYSE:DIS) by 1.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,510 shares of the entertainment giant’s stock after selling 1,179 shares during the quarter. Rockland Trust Co.’s holdings in Walt Disney were worth $6,950,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Lee Financial Co increased its holdings in shares of Walt Disney by 7.6% during the 2nd quarter. Lee Financial Co now owns 1,052 shares of the entertainment giant’s stock worth $112,000 after buying an additional 74 shares during the last quarter. Legacy Advisors LLC acquired a new stake in shares of Walt Disney during the 3rd quarter worth approximately $137,000. Krilogy Financial LLC increased its holdings in shares of Walt Disney by 13.2% during the 2nd quarter. Krilogy Financial LLC now owns 1,422 shares of the entertainment giant’s stock worth $151,000 after buying an additional 166 shares during the last quarter. IHT Wealth Management LLC increased its holdings in shares of Walt Disney by 34.3% during the 2nd quarter. IHT Wealth Management LLC now owns 15,377 shares of the entertainment giant’s stock worth $152,000 after buying an additional 3,923 shares during the last quarter. Finally, BDO Wealth Advisors LLC acquired a new stake in shares of Walt Disney during the 2nd quarter worth approximately $153,000. 61.62% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Walt Disney Co (NYSE DIS) traded up $1.82 during trading hours on Thursday, hitting $110.49. 9,518,282 shares of the stock were exchanged, compared to its average volume of 7,580,000. Walt Disney Co has a 1-year low of $96.20 and a 1-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 capitalization of $166,870.00, a PE ratio of 19.45, a price-to-earnings-growth ratio of 1.92 and a beta of 1.38.
Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.05). Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. The business had revenue of $12.78 billion during the quarter, compared to analysts’ expectations of $13.30 billion. During the same period in the previous year, the company posted $1.10 earnings per share. Walt Disney’s quarterly revenue was down 2.8% on a year-over-year basis. equities research analysts forecast that Walt Disney Co will post 6.46 earnings per share for the current fiscal year.
The company also recently declared a Semi-Annual dividend, which was paid on Thursday, January 11th. Stockholders of record on Monday, December 11th were paid a dividend of $0.84 per share. The ex-dividend date was Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is 29.58%.
Several analysts recently weighed in on the stock. Piper Jaffray Companies set a $130.00 target price on shares of Walt Disney and gave the company a “buy” rating in a report on Tuesday, October 31st. JPMorgan Chase & Co. set a $125.00 target price on shares of Walt Disney and gave the company a “buy” rating in a report on Friday, November 10th. Rosenblatt Securities upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating and lifted their target price for the company from $115.00 to $130.00 in a report on Wednesday, January 3rd. Zacks Investment Research downgraded shares of Walt Disney from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Finally, Vetr downgraded shares of Walt Disney from a “buy” rating to a “hold” rating and set a $106.77 target price for the company. in a report on Monday, November 13th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Walt Disney presently has a consensus rating of “Hold” and a consensus target price of $117.67.
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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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