Schaper Benz & Wise Investment Counsel Inc. WI lifted its holdings in shares of Walt Disney Co (NYSE:DIS) by 3.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 149,719 shares of the entertainment giant’s stock after acquiring an additional 5,465 shares during the period. Walt Disney makes up approximately 2.3% of Schaper Benz & Wise Investment Counsel Inc. WI’s investment portfolio, making the stock its 11th largest holding. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Walt Disney were worth $14,758,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of DIS. Smith Salley & Associates raised its stake in shares of Walt Disney by 1.6% during the 3rd quarter. Smith Salley & Associates now owns 44,274 shares of the entertainment giant’s stock worth $4,364,000 after buying an additional 679 shares during the period. Nicolet Bankshares Inc. raised its stake in Walt Disney by 16.1% in the 3rd quarter. Nicolet Bankshares Inc. now owns 12,223 shares of the entertainment giant’s stock valued at $1,205,000 after purchasing an additional 1,697 shares during the last quarter. Smith Moore & CO. raised its stake in Walt Disney by 17.7% in the 3rd quarter. Smith Moore & CO. now owns 21,836 shares of the entertainment giant’s stock valued at $2,152,000 after purchasing an additional 3,287 shares during the last quarter. West Coast Financial LLC raised its stake in Walt Disney by 6.4% in the 3rd quarter. West Coast Financial LLC now owns 34,416 shares of the entertainment giant’s stock valued at $3,392,000 after purchasing an additional 2,084 shares during the last quarter. Finally, One Capital Management LLC raised its stake in Walt Disney by 6.3% in the 3rd quarter. One Capital Management LLC now owns 27,183 shares of the entertainment giant’s stock valued at $2,679,000 after purchasing an additional 1,610 shares during the last quarter. Institutional investors and hedge funds own 61.62% of the company’s stock.
Several research analysts recently commented on DIS shares. Royal Bank of Canada raised Walt Disney from an “outperform” rating to a “top pick” rating and reduced their price objective for the company from $130.00 to $125.00 in a research note on Monday, October 9th. 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. Guggenheim downgraded Walt Disney from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. Barclays cut their target price 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. Finally, Morgan Stanley lowered their price target on Walt Disney from $130.00 to $120.00 and set an “overweight” rating for the company in a report on Tuesday, October 31st. 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 given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $117.67.
Shares of Walt Disney Co (DIS) traded down $1.79 during midday trading on Friday, hitting $108.70. The stock had a trading volume of 9,802,863 shares, compared to its average volume of 7,470,000. 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 1-year low of $96.20 and a 1-year high of $116.10. The firm has a market cap of $164,170.00, a price-to-earnings ratio of 19.14, a PEG ratio of 1.89 and a beta of 1.30.
Walt Disney (NYSE:DIS) last issued its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.05). The business had revenue of $12.78 billion for the quarter, compared to analyst estimates of $13.30 billion. Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. Walt Disney’s revenue was down 2.8% on a year-over-year basis. During the same period last year, the business posted $1.10 EPS. sell-side analysts forecast that Walt Disney Co will post 6.46 earnings per share for the current year.
The company also recently declared a Semi-Annual dividend, which was paid on Thursday, January 11th. Shareholders of record on Monday, December 11th were given 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%.
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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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