Rockefeller Capital Management L.P. bought a new stake in shares of Walt Disney Co (NYSE:DIS) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 117,846 shares of the entertainment giant’s stock, valued at approximately $11,837,000.
Other hedge funds have also made changes to their positions in the company. Ceredex Value Advisors LLC purchased a new stake in shares of Walt Disney in the first quarter worth $42,066,000. Private Advisor Group LLC increased its stake in shares of Walt Disney by 3.6% in the first quarter. Private Advisor Group LLC now owns 92,412 shares of the entertainment giant’s stock worth $9,282,000 after purchasing an additional 3,198 shares in the last quarter. Silvant Capital Management LLC purchased a new stake in shares of Walt Disney in the first quarter worth $11,653,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of Walt Disney by 8.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 273,338 shares of the entertainment giant’s stock worth $27,454,000 after purchasing an additional 21,192 shares in the last quarter. Finally, Fulcrum Capital LLC increased its stake in shares of Walt Disney by 3.1% in the first quarter. Fulcrum Capital LLC now owns 64,067 shares of the entertainment giant’s stock worth $6,435,000 after purchasing an additional 1,952 shares in the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.
Walt Disney opened at $104.77 on Friday, Marketbeat Ratings reports. Walt Disney Co has a 52 week low of $96.20 and a 52 week high of $113.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.85 and a quick ratio of 0.79. The firm has a market cap of $154.56 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 1.47 and a beta of 1.28.
Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, May 8th. The entertainment giant reported $1.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.70 by $0.14. Walt Disney had a net margin of 20.16% and a return on equity of 21.13%. The business had revenue of $14.55 billion during the quarter, compared to analyst estimates of $14.11 billion. During the same quarter last year, the business earned $1.50 earnings per share. Walt Disney’s quarterly revenue was up 9.1% compared to the same quarter last year. research analysts anticipate that Walt Disney Co will post 7.12 EPS for the current fiscal year.
The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, July 26th. Shareholders of record on Monday, July 9th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Friday, July 6th. This represents a yield of 1.62%. This is a positive change from Walt Disney’s previous semiannual dividend of $0.78. Walt Disney’s dividend payout ratio (DPR) is 29.47%.
A number of brokerages have recently issued reports on DIS. Imperial Capital began coverage on shares of Walt Disney in a research note on Thursday. They issued an “in-line” rating and a $108.00 price objective for the company. ValuEngine raised shares of Walt Disney from a “sell” rating to a “hold” rating in a research note on Friday, June 15th. Zacks Investment Research raised shares of Walt Disney from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research note on Monday, June 18th. Loop Capital assumed coverage on shares of Walt Disney in a research note on Thursday, March 15th. They issued a “buy” rating and a $130.00 price objective for the company. Finally, Pivotal Research cut shares of Walt Disney from a “hold” rating to a “sell” rating and set a $93.00 target price for the company. in a research note on Monday, June 18th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $118.53.
Walt Disney Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.
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