Smith Salley & Associates raised its position in Walt Disney Co (NYSE:DIS) by 1.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,869 shares of the entertainment giant’s stock after acquiring an additional 820 shares during the period. Smith Salley & Associates’ holdings in Walt Disney were worth $4,607,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Lucas Capital Management purchased a new position in shares of Walt Disney in the fourth quarter worth $220,000. Parsons Capital Management Inc. RI raised its holdings in shares of Walt Disney by 14.5% in the fourth quarter. Parsons Capital Management Inc. RI now owns 32,668 shares of the entertainment giant’s stock worth $3,512,000 after buying an additional 4,130 shares during the last quarter. Kovack Advisors Inc. purchased a new position in shares of Walt Disney in the fourth quarter worth $1,623,000. Wealthstreet Investment Advisors LLC purchased a new position in shares of Walt Disney in the fourth quarter worth $10,150,000. Finally, Rothschild Investment Corp IL raised its holdings in shares of Walt Disney by 36.7% in the fourth quarter. Rothschild Investment Corp IL now owns 40,931 shares of the entertainment giant’s stock worth $4,400,000 after buying an additional 10,981 shares during the last quarter. Institutional investors own 63.47% of the company’s stock.
A number of research analysts have issued reports on DIS shares. Zacks Investment Research raised shares of Walt Disney from a “hold” rating to a “buy” rating and set a $112.00 price target for the company in a report on Tuesday, April 10th. Vetr cut shares of Walt Disney from a “strong-buy” rating to a “buy” rating and set a $113.88 price target for the company. in a report on Wednesday, April 18th. Loop Capital started coverage on shares of Walt Disney in a report on Thursday, March 15th. They issued a “buy” rating and a $130.00 price target for the company. Pivotal Research raised shares of Walt Disney from a “sell” rating to a “hold” rating and decreased their price target for the stock from $94.00 to $93.00 in a report on Tuesday, April 17th. Finally, ValuEngine raised shares of Walt Disney from a “sell” rating to a “hold” rating in a report on Friday, June 15th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $118.53.
DIS stock opened at $104.81 on Monday. The firm has a market cap of $155.83 billion, a P/E ratio of 18.39, a PEG ratio of 1.49 and a beta of 1.29. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39. Walt Disney Co has a one year low of $96.20 and a one year high of $113.19.
Walt Disney (NYSE:DIS) last released its quarterly earnings results 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. The company had revenue of $14.55 billion for the quarter, compared to analyst estimates of $14.11 billion. Walt Disney had a net margin of 20.16% and a return on equity of 21.13%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the business earned $1.50 earnings per share. research analysts predict that Walt Disney Co will post 7.12 earnings per share for the current year.
The company also recently declared a semiannual dividend, which will be paid on Thursday, July 26th. Investors of record on Monday, July 9th will be given a dividend of $0.84 per share. This represents a yield of 1.62%. The ex-dividend date of this dividend is Friday, July 6th. This is a positive change from Walt Disney’s previous semiannual dividend of $0.78. Walt Disney’s dividend payout ratio (DPR) is currently 29.47%.
About Walt Disney
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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