Cullen Frost Bankers Inc. lessened its stake in shares of Walt Disney Co (NYSE:DIS) by 24.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 248,234 shares of the entertainment giant’s stock after selling 81,700 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Walt Disney were worth $24,469,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Amalgamated Bank lifted its position in Walt Disney by 49.8% in the 2nd quarter. Amalgamated Bank now owns 180,632 shares of the entertainment giant’s stock worth $19,192,000 after buying an additional 60,088 shares during the last quarter. Tdam USA Inc. lifted its position in Walt Disney by 4.1% in the 2nd quarter. Tdam USA Inc. now owns 195,498 shares of the entertainment giant’s stock worth $20,666,000 after buying an additional 7,785 shares during the last quarter. Walter & Keenan Financial Consulting Co. MI ADV lifted its position in Walt Disney by 7.9% in the 2nd quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 24,719 shares of the entertainment giant’s stock worth $2,626,000 after buying an additional 1,800 shares during the last quarter. Connecticut Wealth Management LLC lifted its position in Walt Disney by 1.4% in the 2nd quarter. Connecticut Wealth Management LLC now owns 3,038 shares of the entertainment giant’s stock worth $315,000 after buying an additional 42 shares during the last quarter. Finally, Riverpark Capital Management LLC increased its stake in Walt Disney by 15.2% in the 2nd quarter. Riverpark Capital Management LLC now owns 301,225 shares of the entertainment giant’s stock worth $32,005,000 after purchasing an additional 39,822 shares during the period. 61.62% of the stock is owned by institutional investors and hedge funds.
DIS has been the topic of a number of analyst reports. Citigroup reaffirmed a “buy” rating and issued a $119.00 price target on shares of Walt Disney in a research note on Wednesday, November 1st. Piper Jaffray Companies set a $130.00 price target on Walt Disney and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Goldman Sachs Group lifted their price target on Walt Disney from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Vetr cut Walt Disney from a “strong-buy” rating to a “buy” rating and set a $110.51 price target on the stock. in a research note on Thursday, October 19th. Finally, JPMorgan Chase & Co. set a $125.00 target price on Walt Disney and gave the company a “buy” rating in a research note on Friday, November 10th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $117.67.
Shares of Walt Disney Co (NYSE:DIS) traded down $1.79 during trading hours on Friday, hitting $108.70. The stock had a trading volume of 9,950,000 shares, compared to its average volume of 7,490,000. The company has a market capitalization of $164,170.00, a P/E ratio of 19.14, a P/E/G ratio of 1.89 and a beta of 1.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 0.81. Walt Disney Co has a 1 year low of $96.20 and a 1 year high of $116.10.
Walt Disney (NYSE:DIS) last announced its quarterly 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). The business had revenue of $12.78 billion for the quarter, compared to the consensus estimate of $13.30 billion. Walt Disney had a net margin of 16.29% and a return on equity of 19.66%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.10 earnings per share. sell-side analysts expect that Walt Disney Co will post 6.46 EPS for the current year.
The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, January 11th. Stockholders of record on Monday, December 11th were issued a dividend of $0.84 per share. The ex-dividend date of this dividend was Friday, December 8th. Walt Disney’s payout ratio is currently 29.58%.
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About Walt Disney
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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