World Asset Management Inc raised its position in shares of Walt Disney Co (NYSE:DIS) by 4.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 149,455 shares of the entertainment giant’s stock after purchasing an additional 6,879 shares during the period. World Asset Management Inc owned approximately 9,682.99% of Walt Disney worth $14,732,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lee Financial Co increased its holdings in shares of Walt Disney by 7.6% in the second 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 period. Legacy Advisors LLC purchased a new position in shares of Walt Disney in the third quarter worth about $137,000. Krilogy Financial LLC increased its holdings in shares of Walt Disney by 13.2% in the second 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 period. IHT Wealth Management LLC increased its holdings in shares of Walt Disney by 34.3% in the second 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 period. Finally, BDO Wealth Advisors LLC purchased a new position in shares of Walt Disney in the second quarter worth about $153,000. Institutional investors and hedge funds own 61.58% of the company’s stock.
DIS has been the topic of several analyst reports. Pivotal Research lifted their price objective on Walt Disney from $83.00 to $91.00 and gave the stock a “sell” rating in a report on Thursday, December 14th. Morgan Stanley reduced their price target on Walt Disney from $130.00 to $120.00 and set an “overweight” rating on the stock in a report on Tuesday, October 31st. Piper Jaffray Companies restated a “buy” rating and set a $120.00 price target on shares of Walt Disney in a report on Wednesday, November 22nd. Loop Capital boosted their price target on Walt Disney from $106.00 to $108.00 and gave the company a “hold” rating in a report on Wednesday, January 31st. Finally, Zacks Investment Research upgraded Walt Disney from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Walt Disney currently has a consensus rating of “Hold” and a consensus price target of $117.91.
Shares of Walt Disney Co (DIS) traded down $4.00 on Monday, hitting $104.70. The stock had a trading volume of 14,952,849 shares, compared to its average volume of 7,470,000. 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 12-month low of $96.20 and a 12-month high of $116.10. The company has a market cap of $158,130.00, a PE ratio of 18.43, a P/E/G ratio of 1.89 and a beta of 1.30.
Walt Disney (NYSE:DIS) last issued its quarterly 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 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 the consensus estimate of $13.30 billion. During the same period in the prior year, the firm earned $1.10 earnings per share. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. sell-side analysts forecast that Walt Disney Co will post 6.46 EPS for the current fiscal year.
The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, January 11th. Investors of record on Monday, December 11th were given a $0.84 dividend. The ex-dividend date was Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is presently 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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